Nanometrics Incorporated (NASDAQ:NANO) Receives Consensus Rating of “Buy” from Analysts

Nanometrics Incorporated (NASDAQ:NANO) has received an average rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers 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. BidaskClub raised Nanometrics from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. ValuEngine downgraded Nanometrics from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Zacks Investment Research raised Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Nanometrics in a research report on Wednesday, July 31st.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Nanometrics by 12.6% in the second quarter. BlackRock Inc. now owns 4,038,476 shares of the semiconductor company’s stock valued at $140,175,000 after purchasing an additional 450,356 shares during the period. FMR LLC grew its position in Nanometrics by 15.6% during 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. Renaissance Technologies LLC grew its position in Nanometrics by 0.7% during the second quarter. Renaissance Technologies LLC now owns 1,046,300 shares of the semiconductor company’s stock valued at $36,317,000 after acquiring an additional 7,090 shares during the period. Price T Rowe Associates Inc. MD grew its position in Nanometrics by 0.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 787,000 shares of the semiconductor company’s stock valued at $27,317,000 after acquiring an additional 4,467 shares during the period. Finally, Peregrine Capital Management LLC grew its position in Nanometrics by 3.5% during the third quarter. Peregrine Capital Management LLC now owns 465,991 shares of the semiconductor company’s stock valued at $15,201,000 after acquiring an additional 15,663 shares during the period. 90.59% of the stock is owned by institutional investors and hedge funds.

Nanometrics stock opened at $35.33 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.01 and a current ratio of 5.34. The stock has a fifty day moving average of $33.95 and a two-hundred day moving average of $32.04. The company has a market capitalization of $877.19 million, a price-to-earnings ratio of 14.91 and a beta of 1.64. Nanometrics has a fifty-two week low of $25.52 and a fifty-two week high of $38.60.

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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