Nanometrics Inc. (NANO) Trading 3.2% Higher
Nanometrics Inc. (NASDAQ:NANO) traded up 3.2% on Friday . The stock traded as high as $21.11 and last traded at $21.11, with a volume of 86,153 shares. The stock had previously closed at $20.45.
Several equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Nanometrics from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, June 27th. Zacks Investment Research cut shares of Nanometrics from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. TheStreet raised shares of Nanometrics from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Finally, Benchmark Co. upped their price objective on shares of Nanometrics from $18.50 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, April 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.80.
The firm has a market capitalization of $525.84 million and a PE ratio of 61.84. The company has a 50-day moving average of $20.76 and a 200 day moving average of $17.34.
Nanometrics (NASDAQ:NANO) last announced its earnings results on Tuesday, July 26th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01. During the same period in the previous year, the company posted $0.08 earnings per share. The firm earned $55.80 million during the quarter, compared to analysts’ expectations of $55.30 million. Nanometrics’s revenue was up 14.8% on a year-over-year basis. On average, analysts forecast that Nanometrics Inc. will post $0.99 EPS for the current year.
In related news, Director Bruce C. Rhine sold 10,000 shares of Nanometrics stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $20.08, for a total value of $200,800.00. Following the completion of the sale, the director now owns 803,329 shares of the company’s stock, valued at approximately $16,130,846.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
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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