Nanometrics Incorporated (NANO) is Reiterated by The Benchmark Company to Buy, Raises Price Target to $ 24

Nanometrics Incorporated (NANO) was Reiterated by The Benchmark Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 24 from a previous price target of $18.50 . The Benchmark Company advised their investors in a research report released on Apr 27, 2016.

On the company’s financial health, Nanometrics Incorporated reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.06. The company had revenue of $47.49 million for the quarter, compared to analysts expectations of $46.25 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Nanometrics Incorporated opened for trading at $15.31 and hit $15.831 on the upside on Friday, eventually ending the session at $15.65, with a gain of 1.43% or 0.22 points. The heightened volatility saw the trading volume jump to 95,862 shares. Company has a market cap of $380 M.

In a different news, on Apr 4, 2016, Kevin Heidrich (Senior VP, Marketing) sold 20,000 shares at $15.41 per share price. According to the SEC, on Jan 6, 2016, Stanislaw M. Borowicz (Senior VP, Sales) sold 526 shares at $14.75 per share price. On Aug 12, 2015, Timothy J Stultz (President & CEO) sold 11,111 shares at $14.53 per share price, according to the Form-4 filing with the securities and exchange commission.

Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits high-brightness LEDs (HB-LED) discrete components and data storage devices. The Company’s automated and integrated systems address numerous process control applications including critical dimension and film thickness measurement device topography defect inspection and analysis of various other film properties such as optical electrical and material characteristics. The Company’s process control solutions are deployed throughout the fabrication process from front-end-of-line substrate manufacturing to high-volume production of semiconductors and other devices to advanced wafer-scale packaging applications. The Company offers a diverse line of process control and inspection products and technologies to address the manufacturing requirements of the semiconductor (and other solid state device) manufacturing industry.

Nanometrics Incorporated

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