Nanometrics Incorporated (NANO) was Downgraded by Stifel to ” Hold” and the brokerage firm has set the Price Target at $25. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Nov 23, 2016.
Many Wall Street Analysts have commented on Nanometrics Incorporated. Nanometrics Incorporated was Downgraded by Pacific Crest to ” Sector Weight” on Oct 12, 2016.
On the company’s financial health, Nanometrics Incorporated reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.28. The company had revenue of $58.71 million for the quarter, compared to analysts expectations of $57.53 million. The company’s revenue was up 28.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
Nanometrics Incorporated opened for trading at $23.79 and hit $24.6 on the upside on Monday, eventually ending the session at $24.57, with a gain of 2.72% or 0.65 points. The heightened volatility saw the trading volume jump to 1,05,586 shares. Company has a market cap of $612 M.
In a different news, on Nov 15, 2016, Stanislaw M. Borowicz (EVP, Business Operations) sold 208 shares at $23.60 per share price. According to the SEC, on Nov 9, 2016, Kevin Heidrich (Senior VP, Marketing) sold 3,083 shares at $22.00 per share price. On Oct 4, 2016, Bruce C Rhine (director) sold 10,000 shares at $22.08 per share price, according to the Form-4 filing with the securities and exchange commission.
Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits high-brightness LEDs (HB-LED) discrete components and data storage devices. The Company’s automated and integrated systems address numerous 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. The Company offers a diverse line of process control and inspection products and technologies to address the manufacturing requirements of the semiconductor (and other solid state device) manufacturing industry.