DA Davidson Reiterates a 'Buy' on Nanometrics (NANO); Thesis Intact, but Foundry and NAND Pushouts Creating Soft 3Q

Article Stock Quotes (1) Comments (0)

DA Davidson reiterates a 'Buy' on Nanometrics (NASDAQ: NANO) price target of $25.00.

Analyst Thomas Diffely, said, "Last week at Semicon West, front end equipment providers universally acknowledged that their once bullish C3Q outlook has deteriorated and a combination of NAND and Foundry pushouts would drive near term results below previous expectations. Thus, we are reducing both our industry capex model and the near term estimates for all front end equipment providers, including NANO." (FY12 EPS estimate lowered from $0.60 to $0.30 and FY13 from $1.50 to $1.40)

For an analyst ratings summary and ratings history on Nanometrics click here. For more ratings news on Nanometrics click here.

Shares of Nanometrics closed at $14.75 yesterday, with a 52 week range of $13.49-$20.99.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
• Needham & Company Boosts Numbers on Infoblox (BLOX) on Strong Q3
• RBC Capital Lifts PT on Marvell (MRVL) after 'Strong' Q1 Report

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities

D.A. Davidson

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?