BidaskClub upgraded shares of Nanometrics (NASDAQ:NANO) from a hold rating to a buy rating in a research note released on Saturday.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Nanometrics from a hold rating to a buy rating and set a $31.00 price target on the stock in a research report on Thursday, March 8th. Benchmark reissued a buy rating and set a $33.00 price objective (down from $34.00) on shares of Nanometrics in a research note on Wednesday, February 7th. ValuEngine raised Nanometrics from a hold rating to a buy rating in a research note on Wednesday, May 2nd. Finally, Stifel Nicolaus raised their price objective on Nanometrics from $34.00 to $35.00 and gave the stock a buy rating in a research note on Wednesday, May 2nd. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of $36.33.
Shares of Nanometrics opened at $38.45 on Friday, MarketBeat Ratings reports. Nanometrics has a 1 year low of $22.08 and a 1 year high of $38.94. The firm has a market cap of $918.61 million, a PE ratio of 22.35, a PEG ratio of 1.42 and a beta of 1.53.
In other news, Director Bruce C. Rhine sold 50,000 shares of the firm’s stock in a transaction on Friday, May 4th. The stock was sold at an average price of $35.12, for a total transaction of $1,756,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Janet Therese Taylor sold 1,133 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $26.30, for a total value of $29,797.90. Following the sale, the general counsel now directly owns 33,391 shares of the company’s stock, valued at $878,183.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 181,002 shares of company stock valued at $5,694,819. Corporate insiders own 6.90% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Nanometrics by 3.0% during the 4th quarter. BlackRock Inc. now owns 3,229,719 shares of the semiconductor company’s stock worth $80,486,000 after acquiring an additional 95,367 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Nanometrics by 7.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 107,583 shares of the semiconductor company’s stock worth $2,681,000 after buying an additional 7,288 shares during the period. Raymond James & Associates boosted its position in shares of Nanometrics by 171.3% in the fourth quarter. Raymond James & Associates now owns 92,343 shares of the semiconductor company’s stock worth $2,301,000 after buying an additional 58,311 shares during the period. Rhumbline Advisers boosted its position in shares of Nanometrics by 16.9% in the fourth quarter. Rhumbline Advisers now owns 57,955 shares of the semiconductor company’s stock worth $1,444,000 after buying an additional 8,374 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Nanometrics in the fourth quarter worth $209,000. 85.18% of the stock is owned by institutional investors and hedge funds.
Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices worldwide. It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.
Receive News & Ratings for Nanometrics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nanometrics and related companies with MarketBeat.com's FREE daily email newsletter.