Nanometrics Inc (NANO) Receives a New Rating from a Top Analyst
In a report released today, Mark Miller from Benchmark Co. assigned a Buy rating to Nanometrics Inc (NANO), with a price target of $36. The company’s shares closed yesterday at $30.69.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 20.7% and a 66.0% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as MKS Instruments, Western Digital, and Amtech Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nanometrics Inc with a $37 average price target.
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Nanometrics Inc’s market cap is currently $743.2M and has a P/E ratio of 13.43. The company has a Price to Book ratio of 2.53.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock.
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Nanometrics, Inc. engages in the production of process control metrology and inspection systems used in the fabrication of semiconductors and other solid-state devices. It operates through the following geographical segments: South Korea; China; Singapore; United States; Taiwan; Japan; and Others.