Nanometrics Inc. (NASDAQ:NANO) shares hit a new 52-week high on Tuesday . The stock traded as high as $22.67 and last traded at $22.49, with a volume of 59,374 shares changing hands. The stock had previously closed at $22.29.

Several brokerages have recently weighed in on NANO. Stifel Nicolaus reissued a “buy” rating and set a $21.00 price target on shares of Nanometrics in a research report on Wednesday, June 1st. TheStreet raised shares of Nanometrics from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. 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 research report on Wednesday, April 27th. Finally, 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 research report on Friday, April 29th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $20.83.

The company has a market cap of $496.61 million and a P/E ratio of 59.04. The company’s 50-day moving average price is $20.44 and its 200-day moving average price is $16.61.

Nanometrics (NASDAQ:NANO) last released its earnings results on Tuesday, July 26th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. The business earned $55.80 million during the quarter, compared to the consensus estimate of $55.30 million. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. Equities analysts forecast that Nanometrics Inc. will post $1.09 EPS for the current fiscal year.

In other Nanometrics news, Director Bruce C. Rhine sold 13,014 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $17.85, for a total value of $232,299.90. Following the completion of the sale, the director now owns 814,686 shares of the company’s stock, valued at $14,542,145.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bruce C. Rhine sold 10,000 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $20.51, for a total value of $205,100.00. Following the completion of the sale, the director now directly owns 793,329 shares of the company’s stock, valued at approximately $16,271,177.79. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Nanometrics stock. Dimensional Fund Advisors LP boosted its position in shares of Nanometrics Inc. (NASDAQ:NANO) by 0.7% during the fourth quarter, according to its most recent Form 13F filing 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 3.42% of Nanometrics worth $12,538,000 at the end of the most recent reporting period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.