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Canaccord Genuity Initiates Coverage on Nanometrics (NASDAQ:NANO) - Video Summary on www.investmentpitch.com


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-03-08 01:02:05 -

Vancouver, British Columbia, March 7, 2013 - Canaccord Genuity has initiated
coverage on Nanometrics (NASDAQ:NANO). Analyst Josh Baribeau gives the company a
buy rating and a $20 price target, a 35% premium to the $14.84 price at the time
the report was issued.

InvestmentPitch.com has produced a "video news alert" which provides a brief
overview of Nanometrics based on the research report.  If this link is not
enabled, please visit www.InvestmentPitch.com and enter "Nanometrics" in the
search box.

Nanometrics is a leading provider of advanced, high-performance process control
metrology and inspection systems, used primarily in the fabrication of
semiconductors.

The company's process control solutions are deployed throughout the fabrication
process, enabling device manufacturers to improve yields, increase productivity,
and lower costs. They have an extensive installed base of more than 6,500
systems in more 
than 150 production factories worldwide, including the largest semiconductor and process equipment manufacturers. Baribeau stated, "Nanometrics benefits from both the cyclical rebound in overall semiconductor spending as well as the secular trend of increased capital intensity for process control in advanced semiconductor nodes. We believe that multiple expansion is occurring across the entire market and that NANO shares have upside potential into this upturn given the company's leverage on better volumes." Nanometrics currently trades at $15.50, and with 23 million shares outstanding, is capitalized at $356 million. For more information please visit the company's website www.nanometrics.com, or call Ronald Kisling, the company's CFO at 408-545-6143 or by email at rkisling@nanometrics.com. The company's investor relations are handled by Claire McAdams of Headgate Partners. She can be reached at 530-265-9899 or Claire@headgatepartners.com. For more information about Canaccord Genuity or to obtain a copy of their research report, contact your nearest Canaccord Genuity office. Their branches are listed on their website at www.canaccord.com. InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short three minute videos based on significant news releases and research reports. CONTACT: InvestmentPitch.com Barry Morgan, CFO bmorgan@investmentpitch.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: InvestmentPitch via Thomson Reuters ONE [HUG#1683938]


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