Nanometrics Inc. (NASDAQ:NANO) shot up 3.2% during trading on Friday . The company traded as high as $21.11 and last traded at $21.11, with a volume of 86,153 shares trading hands. The stock had previously closed at $20.45.

A number of brokerages have recently commented on NANO. Stifel Nicolaus upped their target price 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 cut shares of Nanometrics from a “buy” rating to a “hold” rating in a report on Friday, August 5th. TheStreet raised shares of Nanometrics from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. Finally, Benchmark Co. upped their target price on shares of Nanometrics from $18.50 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Nanometrics presently has a consensus rating of “Buy” and an average target price of $20.80.

The stock has a market cap of $529.31 million and a price-to-earnings ratio of 62.24. The stock has a 50-day moving average price of $20.75 and a 200 day moving average price of $17.29.

Nanometrics (NASDAQ:NANO) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. During the same period last year, the firm posted $0.08 earnings per share. The company had revenue of $55.80 million for the quarter, compared to analyst estimates of $55.30 million. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts predict that Nanometrics Inc. will post $0.99 EPS for the current year.

In related news, 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 transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Company operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems.

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