Stock Rating Runner: Stifel Nicolaus Cuts Nanometrics (NASDAQ:NANO) To “Hold”

November 23, 2016 - By Marguerite Chambers

Stock Rating Runner: Stifel Nicolaus Cuts Nanometrics (NASDAQ:NANO) To

Nanometrics (NASDAQ:NANO) Downgrade

Nanometrics (NASDAQ:NANO) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating in a an analyst report issued to investors and clients on Wednesday, 23 November.

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 -10.27% below today’s ($24.15) stock price. Nanometrics has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Friday, October 16 by TheStreet. Pacific Crest downgraded Nanometrics Incorporated (NASDAQ:NANO) on Wednesday, October 12 to “Sector Weight” rating. The rating was upgraded by DA Davidson to “Neutral” on Monday, August 10. Stifel Nicolaus maintained the shares of NANO in a report on Monday, June 27 with “Buy” rating.

About 183,342 shares traded hands or 17.52% 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 Q2 2016. Its down 0.36, from 2.25 in 2016Q1. The ratio dropped, 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.

Swiss Comml Bank reported 43,900 shares or 0% of all its holdings. D E Shaw And Co accumulated 0% or 53,770 shares. Morgan Stanley last reported 0% of its portfolio in the stock. The New York-based Goldman Sachs Group Inc Inc has invested 0% in Nanometrics Incorporated (NASDAQ:NANO). Schwab Charles Inv Mgmt last reported 81,417 shares in the company. Waddell & Reed Financial accumulated 0.1% or 2.28 million shares. Blackrock Japan has 0% invested in the company for 211 shares. Deere owns 25,169 shares or 0.03% of their US portfolio. Legal General Gru Plc owns 4,185 shares or 0% of their US portfolio. Geode Limited Liability accumulated 0% or 175,332 shares. Dupont Cap Mngmt Corp, a Delaware-based fund reported 43,210 shares. Ls Invest Advsrs Limited Liability Company reported 778 shares or 0% of all its holdings. Teachers Retirement System Of The State Of Kentucky, a Kentucky-based fund reported 5,400 shares. Eam Ltd Liability Corp, a California-based fund reported 185,816 shares. Springbok Capital Mgmt Ltd has 200 shares for 0% of their US portfolio.

Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 11 selling transactions for $889,083 net activity. Rhine Bruce C sold $205,100 worth of Nanometrics Incorporated (NASDAQ:NANO) on Friday, July 1. Andreson Jeff sold $112,725 worth of Nanometrics Incorporated (NASDAQ:NANO) on Thursday, September 22. 1,093 shares with value of $22,428 were sold by Taylor Janet Therese on Friday, July 1. Another trade for 3,083 shares valued at $67,826 was sold by Heidrich Kevin. Shares for $4,909 were sold by Borowicz Stanislaw M..

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 $609.99 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 38.96 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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