B. Riley reiterated their buy rating on shares of Nanometrics (NYSE:ONTO) in a research note issued to investors on Friday, Stock Target Advisor reports. They currently have a $46.00 target price on the semiconductor company’s stock.

ONTO has been the subject of several other research reports. Zacks Investment Research upgraded Nanometrics from a sell rating to a hold rating in a report on Thursday, June 4th. DA Davidson upgraded Nanometrics from a neutral rating to a buy rating in a report on Tuesday, June 9th. Finally, Needham & Company LLC lowered their price target on Nanometrics from $41.00 to $38.00 and set a buy rating for the company in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $38.75.

Shares of ONTO stock opened at $33.00 on Friday. The firm has a 50-day moving average price of $32.96 and a 200 day moving average price of $33.55. Nanometrics has a twelve month low of $20.32 and a twelve month high of $42.50. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -194.12 and a beta of 1.29.

Nanometrics (NYSE:ONTO) last announced its earnings results on Tuesday, May 5th. The semiconductor company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. The firm had revenue of $139.93 million during the quarter, compared to the consensus estimate of $135.30 million. Nanometrics had a negative net margin of 3.49% and a positive return on equity of 6.41%. The firm’s revenue for the quarter was up 129.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS. On average, sell-side analysts predict that Nanometrics will post 1.54 EPS for the current year.

Several large investors have recently modified their holdings of ONTO. Ladenburg Thalmann Financial Services Inc. lifted its position in Nanometrics by 23.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,906 shares of the semiconductor company’s stock worth $107,000 after acquiring an additional 553 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Nanometrics by 266.2% during the 4th quarter. Panagora Asset Management Inc. now owns 824 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 599 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Nanometrics by 760.6% during the 4th quarter. Meeder Asset Management Inc. now owns 938 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 829 shares in the last quarter. Advisor Group Inc. lifted its position in Nanometrics by 55.0% during the 4th quarter. Advisor Group Inc. now owns 5,824 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 2,067 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in Nanometrics by 4.6% during the 4th quarter. Macquarie Group Ltd. now owns 51,696 shares of the semiconductor company’s stock worth $1,889,000 after acquiring an additional 2,270 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

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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