Today’s Rating: Is Nanometrics (NANO) a Sell? How Analyst Rate it? Why Stifel Downgraded The Stock

November 23, 2016 - By Ellis Scott

Today's Rating:  Is Nanometrics (NANO) a Sell? How Analyst Rate it? Why Stifel Downgraded The Stock

Nanometrics (NANO) Downgrade

Nanometrics (NANO)‘s stock was lowered to a “Hold” by professional analysts at Stifel, who have a TP of $25.0 on NANO. The firm’s “Buy” rating is no longer valid.

The stock increased 1.37% or $0.34 during the last trading session, hitting $25.13. Nanometrics Incorporated (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 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.

Swiss Financial Bank accumulated 0% or 43,900 shares. Moreover, Deutsche Commercial Bank Ag has 0% invested in Nanometrics Incorporated (NASDAQ:NANO) for 114,865 shares. Blackrock Gru Inc Limited reported 31,487 shares or 0% of all its holdings. Springbok Capital Management Lc has invested 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO). Sentinel Asset Mgmt Inc accumulated 255,159 shares or 0.13% of the stock. Brown Brothers Harriman & holds 8,512 shares or 0% of its portfolio. The California-based Rice Hall James Assoc Ltd Liability has invested 0.14% in Nanometrics Incorporated (NASDAQ:NANO). State Of Tennessee Treasury Department has 0% invested in the company for 19,254 shares. Ladenburg Thalmann Svcs Inc has 0% invested in the company for 5,000 shares. Spot Trading Lc has 0% invested in the company for 319 shares. Ny State Common Retirement Fund has invested 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO). Blackrock Fund last reported 1.61M shares in the company. Macquarie Group Ltd has invested 0% of its portfolio in Nanometrics Incorporated (NASDAQ:NANO). Moreover, Cortina Asset Management Limited Liability Corp has 0.37% invested in Nanometrics Incorporated (NASDAQ:NANO) for 396,538 shares. Arizona State Retirement owns 12,664 shares or 0% of their US portfolio.

Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 11 insider sales for $889,083 net activity. On Friday, July 1 Rhine Bruce C sold $205,100 worth of the stock or 10,000 shares. On Thursday, September 22 Borowicz Stanislaw M. sold $35,829 worth of the stock or 1,630 shares. On Thursday, September 22 the insider Andreson Jeff sold $112,725. 2,505 shares were sold by Taylor Janet Therese, worth $52,329 on Sunday, August 28. Heidrich Kevin sold $67,826 worth of stock or 3,083 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 $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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