Nanometrics Incorporated (NASDAQ:NANO) has received a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $40.50.

A number of equities research analysts recently commented on NANO shares. ValuEngine lowered Nanometrics from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. BidaskClub raised Nanometrics from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Finally, Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

NASDAQ NANO opened at $33.05 on Monday. Nanometrics has a 1-year low of $25.52 and a 1-year high of $38.60. The company has a 50 day moving average of $35.03 and a 200-day 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. The firm has a market cap of $820.63 million, a price-to-earnings ratio of 13.95 and a beta of 1.64.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FTB Advisors Inc. raised its position in Nanometrics by 1,394.8% in the 3rd quarter. FTB Advisors Inc. now owns 867 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 809 shares during the last quarter. US Bancorp DE increased its stake in shares of Nanometrics by 50.5% in the 2nd quarter. US Bancorp DE now owns 1,619 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 543 shares during the period. AlphaOne Investment Services LLC bought a new stake in shares of Nanometrics during the second quarter worth $129,000. Jane Street Group LLC acquired a new position in shares of Nanometrics during the second quarter valued at $216,000. Finally, Verition Fund Management LLC acquired a new position in shares of Nanometrics during the second quarter valued at $224,000. 90.59% of the stock is currently owned by institutional investors and hedge funds.

Nanometrics Company Profile

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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