BidaskClub upgraded shares of Nanometrics (NASDAQ:NANO) from a sell rating to a hold rating in a research note issued to investors on Friday morning, BidAskClub reports.

Other equities research analysts have also recently issued reports about the company. B. Riley started coverage on Nanometrics in a research note on Wednesday, June 19th. They set a buy rating and a $41.00 price objective for the company. Zacks Investment Research raised Nanometrics from a hold rating to a buy rating and set a $38.00 price objective for the company in a research note on Tuesday, May 7th. ValuEngine raised Nanometrics from a hold rating to a buy rating in a research note on Wednesday, May 1st. Needham & Company LLC reaffirmed a buy rating and set a $42.00 price objective (up from $37.00) on shares of Nanometrics in a research note on Wednesday, May 1st. Finally, DA Davidson raised Nanometrics from a neutral rating to a buy rating and lifted their price objective for the stock from $32.00 to $40.00 in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $39.50.

NASDAQ NANO opened at $34.31 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.24 and a quick ratio of 3.98. Nanometrics has a 52 week low of $25.52 and a 52 week high of $48.26. The company has a fifty day moving average price of $31.60. The firm has a market cap of $841.80 million, a PE ratio of 14.48, a P/E/G ratio of 1.96 and a beta of 1.56.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Nanometrics had a return on equity of 15.43% and a net margin of 14.30%. The company had revenue of $67.10 million for the quarter, compared to analyst estimates of $64.82 million. During the same period last year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. As a group, equities research analysts forecast that Nanometrics will post 1.43 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Nanometrics by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,589,168 shares of the semiconductor company’s stock valued at $43,433,000 after acquiring an additional 14,541 shares during the period. FMR LLC grew its stake in Nanometrics by 15.6% in the first quarter. FMR LLC now owns 1,209,498 shares of the semiconductor company’s stock valued at $37,349,000 after acquiring an additional 163,008 shares during the period. Royce & Associates LP grew its stake in Nanometrics by 23.9% in the first quarter. Royce & Associates LP now owns 457,807 shares of the semiconductor company’s stock valued at $14,137,000 after acquiring an additional 88,186 shares during the period. Bank of New York Mellon Corp grew its stake in Nanometrics by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 331,439 shares of the semiconductor company’s stock valued at $9,059,000 after acquiring an additional 12,021 shares during the period. Finally, Geode Capital Management LLC grew its stake in Nanometrics by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 260,948 shares of the semiconductor company’s stock valued at $7,131,000 after acquiring an additional 14,971 shares during the period. 85.72% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: Hedge Funds

Analyst Recommendations for Nanometrics (NASDAQ:NANO)

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.