Piper Jaffray released a research report Friday that mentioned technology company Nanometrics (NASDAQ: NANO) may benefit from Intel’s (NASDAQ: INTC) increased capital spending in 2011. In 2009, INTC represented 10.4 percent of Nano’s revenue, so the impact of its increased capital spending could be substantial. As a result of this potential, NANO climbed from a closing price of $13.45 on January 13th to $17.32–a 28.77 percent increase.
Nano wasn’t the only assumed beneficiary in the Piper Jaffray report. Applied Materials (NASDAQ: AMAT), ASML Holding NV (NASDAQ: ASML), and Ultra Clean Holdings (NASDAQ: UCTT) were also mentioned. While none of these companies rose as much as NANO, there were still significant gains:
- AMAT rose 7.55 percent from $14.24 to $15.31.
- ASML rose 9.49 percent from $37.29 to $40.83.
- UCTT rose 6.15 percent from $11.70 to $12.42.
INTC did not benefit from this trend, and actually fell a bit from its January 13th closing price of $21.29 to $21.08. Others in the sector, including KLA Tencor (NASDAQ: KLAC), Nova Measuring Instruments (NASDAQ: NVMI) and Rudolph Technologies (NASDAQ: RTEC), also saw gains.
Covestor models with exposure to this sector include: Undervalued Growth Companies, Bottom-Up Analysis, Innovative Companies, Bottom-Up Analysis Agg, and Stealthy and Nimble.
*Charts and prices courtesy of Yahoo Finance.
