D.A. Davidson Raises Price Target On Nanometrics Following Solid 4Q Results

In a report published Tuesday, D.A. Davidson analyst Thomas Diffely reiterated a Neutral rating on

, and raised the price target from $16.00 to $18.00. In the report, D.A. Davidson noted, “4Q results modestly exceed expectations. Revenue of $40 million surpassed our consensus-matching estimate of $38 million and was at the high end of the guidance range. Pro forma EPS of $(0.12) was narrower than the Street estimate of $(0.15). Pro forma GM of 45.4% came in modestly above the midpoint of guidance (43.0%-47.0%).” Nanometrics closed on Monday at $15.75.