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Fly News Breaks for April 16, 2019
NANO
Apr 16, 2019 | 16:34 EDT
Needham analyst N. Quinn Bolton initiated Nanometrics with a Buy and $37 price target saying it is a pure-play process control equipment vendor that provides optical critical dimension, or OCD, metrology tools to semiconductor manufacturers. Bolton believes Nanometrics is best positioned to benefit from the recovery of memory spending among its process control peers, which as a group has lower exposure to memory than foundry/logic. In the long term, he believes OCD will be of increasing importance in driving 3D scaling of memory and logic devices.
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