Benchmark Co. analyst Mark Miller maintained a Buy rating on Nanometrics Inc (NASDAQ: NANO) today and set a price target of $43. The company’s shares closed yesterday at $32.26.
Miller observed:
“Western Digital has also indicated it has been in discussions with its joint venture partner to manage capacity additions accordingly.”
According to TipRanks.com, Miller is a top 100 analyst with an average return of 23.5% and a 67.6% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
Nanometrics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $43.
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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 393.7K.
Based on the recent corporate insider activity of 50 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.
