Nanometrics Inc. (NASDAQ:NANO) traded up 3.3% during mid-day trading on Friday . The stock traded as high as $22.06 and last traded at $21.94, with a volume of 131,734 shares changing hands. The stock had previously closed at $21.24.

Several equities research analysts have issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Nanometrics from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, June 27th. Zacks Investment Research raised shares of Nanometrics from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Friday, April 29th. TheStreet raised shares of Nanometrics from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. Finally, Benchmark Co. boosted their price target on shares of Nanometrics from $18.50 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 27th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $20.83.

The stock has a market cap of $535.56 million and a P/E ratio of 145.36. The company’s 50 day moving average is $19.71 and its 200 day moving average is $16.18.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.10. During the same period in the prior year, the business earned $0.14 EPS. The business had revenue of $47.49 million for the quarter, compared to analyst estimates of $46.25 million. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. Analysts expect that Nanometrics Inc. will post $1.06 earnings per share for the current fiscal year.

In other Nanometrics news, VP Stanislaw M. Borowicz sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 27th. The stock was sold at an average price of $18.15, for a total transaction of $90,750.00. Following the completion of the sale, the vice president now owns 49,560 shares of the company’s stock, valued at approximately $899,514. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce C. Rhine sold 13,014 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $17.85, for a total value of $232,299.90. Following the sale, the director now directly owns 814,686 shares of the company’s stock, valued at approximately $14,542,145.10. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Nanometrics stock. Wells Fargo & Company MN raised its stake in shares of Nanometrics Inc. (NASDAQ:NANO) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 582,815 shares of the company’s stock after buying an additional 99,482 shares during the period. Wells Fargo & Company MN owned 2.41% of Nanometrics worth $8,824,000 as of its most recent filing with the SEC.

Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness LEDs (HB-LED), discrete components and data storage devices. The Company’s automated and integrated systems address numerous process control applications, including critical dimension and film thickness measurement, device topography, defect inspection, and analysis of various other film properties, such as optical, electrical and material characteristics.

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