Shares of Nanometrics Incorporated (NASDAQ:NANO) have been given an average rating of “Buy” by the seven analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $40.50.

NANO has been the subject of a number of recent analyst reports. ValuEngine cut shares of Nanometrics from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Zacks Investment Research upgraded shares of Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub raised shares of Nanometrics from a “hold” rating to a “buy” rating in a report on Friday, October 4th.

Several hedge funds have recently bought and sold shares of NANO. Envestnet Asset Management Inc. acquired a new stake in Nanometrics during the 3rd quarter valued at $1,113,000. S Squared Technology LLC acquired a new stake in shares of Nanometrics during the 2nd quarter worth about $1,423,000. Rhumbline Advisers lifted its stake in shares of Nanometrics by 4.3% during the 3rd quarter. Rhumbline Advisers now owns 75,554 shares of the semiconductor company’s stock worth $2,465,000 after buying an additional 3,087 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Nanometrics by 48.6% during the 3rd quarter. California Public Employees Retirement System now owns 46,178 shares of the semiconductor company’s stock worth $1,506,000 after buying an additional 15,111 shares during the period. Finally, First National Bank of Omaha bought a new stake in shares of Nanometrics during the 3rd quarter worth about $782,000. 90.59% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:NANO opened at $33.05 on Monday. The stock has a market capitalization of $820.63 million, a PE ratio of 13.95 and a beta of 1.64. Nanometrics has a 1-year low of $25.52 and a 1-year high of $38.60. The firm has a fifty day simple moving average of $35.03 and a 200 day simple moving average of $32.32. The company has a current ratio of 5.34, a quick ratio of 4.01 and a debt-to-equity ratio of 0.02.

About Nanometrics

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.

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