Rating Worth Mentioning Today: Stifel Nicolaus Gives Nanometrics (NASDAQ:NANO) Lower Rating. The Target Price is $25.00

November 23, 2016 - By Dolores Ford

Rating Worth Mentioning Today:  Stifel Nicolaus Gives Nanometrics (NASDAQ:NANO) Lower Rating. The Target Price is $25.00

Nanometrics (NASDAQ:NANO) Downgrade

Trading of Nanometrics (NASDAQ:NANO)‘s shares is going to be interesting today, as Stifel Nicolaus lowered the stock from a Buy to a Hold. Along the rating downgrade, Stifel Nicolaus analysts gave a target price of $25.00 or 3.52% more.

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 -10.75% below today’s ($24.28) stock price. Nanometrics has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was upgraded by DA Davidson to “Neutral” on Monday, August 10. The company was maintained on Monday, June 27 by Stifel Nicolaus. The firm has “Sector Weight” rating given on Wednesday, October 12 by Pacific Crest. The company was downgraded on Friday, October 16 by TheStreet.

About 192,152 shares traded hands or 23.17% up from the average. 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 worsened, 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.

Blackrock Advisors Ltd Com has 18,871 shares for 0% of their US portfolio. Moreover, Tiaa Cref Mgmt Limited Liability has 0% invested in Nanometrics Incorporated (NASDAQ:NANO) for 80,012 shares. Blackrock Fund holds 0.01% or 1.61M shares in its portfolio. Bogle Investment Mgmt L P De reported 105,524 shares or 0.15% of all its holdings. Bankshares Of New York Mellon has 825,367 shares for 0.01% of their US portfolio. Vanguard holds 0% or 1.10 million shares in its portfolio. Dimensional Fund Advsr Ltd Partnership holds 0.01% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO) for 888,974 shares. Kbc Nv owns 12,837 shares or 0% of their US portfolio. Citadel Advsrs Limited Liability Corp last reported 0% of its portfolio in the stock. Teachers Advsr Inc accumulated 41,824 shares or 0% of the stock. Fmr Limited Liability, a Massachusetts-based fund reported 134,900 shares. Rhumbline Advisers accumulated 35,622 shares or 0% of the stock. Goldman Sachs Inc accumulated 0% or 31,872 shares. Intll Grp reported 17,735 shares or 0% of all its holdings. Sensato Invsts Ltd Company accumulated 20,700 shares or 0.07% of the stock.

Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 11 insider sales for $889,083 net activity. Another trade for 3,083 shares valued at $67,826 was made by Heidrich Kevin on Monday, November 7. Borowicz Stanislaw M. also sold $24,521 worth of Nanometrics Incorporated (NASDAQ:NANO) on Friday, July 1. On Sunday, August 28 Taylor Janet Therese sold $52,329 worth of the stock or 2,505 shares. $205,100 worth of Nanometrics Incorporated (NASDAQ:NANO) shares were sold by Rhine Bruce C. On Thursday, September 22 Andreson Jeff sold $112,725 worth of the stock or 5,010 shares.

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 $613.40 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 39.18 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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