Nanometrics Inc. (NASDAQ:NANO) shares fell 1.5% on Monday . The company traded as low as $21.64 and last traded at $21.67, with a volume of 131,354 shares changing hands. The stock had previously closed at $22.01.

A number of research firms have weighed in on NANO. Stifel Nicolaus lifted their price objective 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 objective for the company 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. lifted their price objective 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 equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.83.

The company has a market cap of $528.48 million and a price-to-earnings ratio of 143.44. The stock’s 50 day moving average is $19.91 and its 200 day moving average is $16.28.

Nanometrics (NASDAQ:NANO) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.10. The business had revenue of $47.49 million for the quarter, compared to analyst estimates of $46.25 million. During the same quarter in the prior year, the company earned $0.14 EPS. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. Equities research analysts forecast that Nanometrics Inc. will post $1.07 EPS for the current year.

In related news, VP Stanislaw M. Borowicz sold 5,000 shares of the stock in a transaction on Wednesday, April 27th. The shares were 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 in the company, valued at approximately $899,514. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bruce C. Rhine sold 13,014 shares of the stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $17.85, for a total transaction of $232,299.90. Following the sale, the director now 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. Dimensional Fund Advisors LP raised its position in Nanometrics Inc. (NASDAQ:NANO) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 828,108 shares of the company’s stock after buying an additional 5,941 shares during the period. Dimensional Fund Advisors LP owned approximately 3.42% of Nanometrics worth $12,538,000 at the end of the most recent quarter.

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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