Shares of Nanometrics Incorporated (NASDAQ:NANO) have been assigned a consensus rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $31.67.

A number of research firms have recently issued reports on NANO. BidaskClub downgraded Nanometrics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Benchmark Co. restated a “buy” rating and issued a $34.00 price target on shares of Nanometrics in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded Nanometrics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Stifel Nicolaus upgraded Nanometrics from a “hold” rating to a “buy” rating and raised their price target for the stock from $29.00 to $31.00 in a research note on Friday, June 16th. They noted that the move was a valuation call.

In related news, General Counsel Janet Therese Taylor sold 2,505 shares of Nanometrics stock in a transaction on Monday, August 28th. The stock was sold at an average price of $25.65, for a total transaction of $64,253.25. Following the transaction, the general counsel now directly owns 35,833 shares in the company, valued at $919,116.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $26.30, for a total value of $526,000.00. Following the transaction, the chief executive officer now owns 300,651 shares in the company, valued at $7,907,121.30. The disclosure for this sale can be found here. Insiders have sold 64,545 shares of company stock worth $1,668,963 over the last quarter. 6.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in Nanometrics by 0.3% during the second quarter. Alps Advisors Inc. now owns 16,667 shares of the semiconductor company’s stock valued at $422,000 after purchasing an additional 43 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Nanometrics by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the semiconductor company’s stock valued at $260,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System raised its holdings in Nanometrics by 0.8% during the second quarter. Arizona State Retirement System now owns 13,164 shares of the semiconductor company’s stock valued at $333,000 after acquiring an additional 100 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Nanometrics by 0.7% during the first quarter. Municipal Employees Retirement System of Michigan now owns 24,480 shares of the semiconductor company’s stock valued at $745,000 after acquiring an additional 180 shares during the period. Finally, Texas Permanent School Fund raised its holdings in Nanometrics by 1.2% during the second quarter. Texas Permanent School Fund now owns 18,437 shares of the semiconductor company’s stock valued at $466,000 after acquiring an additional 221 shares during the period. Institutional investors own 81.28% of the company’s stock.

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Shares of Nanometrics (NASDAQ:NANO) traded up 1.01% during mid-day trading on Thursday, hitting $27.11. The company’s stock had a trading volume of 56,936 shares. The company has a market cap of $691.17 million, a price-to-earnings ratio of 14.42 and a beta of 1.74. The stock’s 50 day moving average price is $25.76 and its 200 day moving average price is $27.50. Nanometrics has a 52-week low of $18.65 and a 52-week high of $32.42.

Nanometrics (NASDAQ:NANO) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The firm had revenue of $64.43 million during the quarter, compared to analysts’ expectations of $66.37 million. Nanometrics had a return on equity of 11.95% and a net margin of 19.94%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. Equities analysts forecast that Nanometrics will post $1.20 EPS for the current year.

Nanometrics Company Profile

Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.

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