Rating Reporting: Stifel Reports Downgrade of Nanometrics (NASDAQ:NANO) with $25 TP

November 23, 2016 - By Peter Erickson

Rating Reporting:  Stifel Reports Downgrade of Nanometrics (NASDAQ:NANO) with $25 TP

Nanometrics (NASDAQ:NANO) Downgrade

Stifel lowered shares of Nanometrics (NASDAQ:NANO) from a “Buy” rating to a “Hold” rating in a a note sent to investors and clients on Wednesday, 23 November. The firm after the upgrade has $25 PT on the stock.

Nanometrics Incorporated (NASDAQ:NANO) Ratings Coverage

Out of 4 analysts covering Nanometrics (NASDAQ:NANO), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. $25 is the highest target while $19 is the lowest. The $21.67 average target is -13.77% below today’s ($25.13) stock price. Nanometrics has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained Nanometrics Incorporated (NASDAQ:NANO) on Monday, June 27 with “Buy” rating. The stock has “Sell” rating given by TheStreet on Friday, October 16. The firm has “Neutral” rating given on Monday, August 10 by DA Davidson. Pacific Crest downgraded the stock to “Sector Weight” rating in Wednesday, October 12 report.

The stock increased 1.37% or $0.34 during the last trading session, hitting $25.13. Nanometrics Incorporated (NASDAQ:NANO) has risen 62.86% since April 21, 2016 and is uptrending. It has outperformed by 57.54% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 1.89 in 2016 Q2. Its down 0.36, from 2.25 in 2016Q1. The ratio dived, as 6 funds sold all Nanometrics Incorporated shares owned while 26 reduced positions. 30 funds bought stakes while 42 increased positions. They now own 19.93 million shares or 0.04% more from 19.93 million shares in 2016Q1.

Price T Rowe Assoc Incorporated Md last reported 0% of its portfolio in the stock. First Manhattan Com reported 80,700 shares or 0.01% of all its holdings. Credit Suisse Ag last reported 0% of its portfolio in the stock. Dupont Mngmt has 43,210 shares for 0.02% of their US portfolio. Ubs Asset Management Americas Incorporated has invested 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO). Ls Inv holds 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO) for 778 shares. Blackrock Fund Advsr, a California-based fund reported 1.61 million shares. Morgan Stanley has 0% invested in the company for 17,950 shares. Value Limited Partnership accumulated 0.52% or 38,825 shares. Cortina Asset Mngmt Limited Liability Company reported 396,538 shares or 0.37% of all its holdings. Principal Fincl Grp Inc reported 171,692 shares or 0% of all its holdings. State Street Corporation holds 454,583 shares or 0% of its portfolio. Pdts Prtn Limited Liability Corp holds 20,200 shares or 0.03% of its portfolio. Art Advisors Ltd accumulated 0.01% or 13,330 shares. Moreover, Wall Street Assoc has 0.54% invested in Nanometrics Incorporated (NASDAQ:NANO) for 65,400 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 11 selling transactions for $889,083 net activity. Shares for $112,725 were sold by Andreson Jeff. Shares for $4,576 were sold by Borowicz Stanislaw M. on Friday, October 28. The insider Taylor Janet Therese sold 2,505 shares worth $52,329. $138,040 worth of Nanometrics Incorporated (NASDAQ:NANO) was sold by Heidrich Kevin on Monday, October 17. 10,000 shares were sold by Rhine Bruce C, worth $205,100.

Nanometrics Incorporated provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The company has a market cap of $631.76 million. The Firm operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems. It has a 40.55 P/E ratio. The Company’s automated and integrated systems address 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.

According to Zacks Investment Research, “Nanometrics Inc. is a leader in the design, manufacture, marketing, and support of process monitoring systems for the semiconductor, data storage, and flat panel display industries. The company’s primary products are thin film measurement/analysis and overlay metrology systems. These products are used to analyze manufacturing quality at critical steps in production and to provide feedback for production control or notification of out-of-control processes.”

NANO Company Profile

Nanometrics Incorporated (Nanometrics), incorporated on January 18, 2005, provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Firm operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems. The Company’s automated and integrated systems address 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.

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