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

NANO has been the subject of several recent analyst reports. Benchmark Co. raised their price target on Nanometrics to $18.50 and gave the company a “buy” rating in a report on Tuesday, March 29th. Stifel Nicolaus raised their price target on Nanometrics from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, June 27th. TheStreet raised Nanometrics from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. Finally, Zacks Investment Research cut Nanometrics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 6th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Nanometrics presently has a consensus rating of “Buy” and a consensus price target of $20.83.

The stock has a 50-day moving average of $19.76 and a 200 day moving average of $16.18. The stock has a market capitalization of $537.02 million and a PE ratio of 145.76.

Nanometrics (NASDAQ:NANO) last posted its earnings results on Tuesday, April 26th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.10. The company had revenue of $47.49 million for the quarter, compared to the consensus estimate of $46.25 million. During the same period last year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities analysts predict that Nanometrics Inc. will post $1.07 EPS for the current year.

In other news, Director Bruce C. Rhine sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $20.51, for a total transaction of $205,100.00. Following the completion of the transaction, the director now directly owns 793,329 shares of the company’s stock, valued at $16,271,177.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stanislaw M. Borowicz sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $18.15, for a total value of $90,750.00. Following the transaction, the vice president now directly owns 49,560 shares of the company’s stock, valued at $899,514. 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 position in 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 (SEC). 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 approximately 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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