Benchmark Co. analyst Mark Miller maintained a Buy rating on Nanometrics Inc (NASDAQ: NANO) today and set a price target of $37. The company’s shares closed yesterday at $31.83.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.1% and a 65.8% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
Currently, the analyst consensus on Nanometrics Inc is a Moderate Buy with an average price target of $38.50, representing a 21.0% upside. In a report released today, Stifel Nicolaus also upgraded the stock to Buy with a $40 price target.
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The company has a one-year high of $48.26 and a one-year low of $22.08. Currently, Nanometrics Inc has an average volume of 419.2K.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Bruce Rhine, a Director at NANO sold 3,655 shares for a total of $155,886.
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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.
