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Nordson Corporation (NDSN - Snapshot Report) recently announced the launch of its XM800 Wafer X-ray Metrology Platform, through its division Nordson DAGE. The device was launched during the SEMI European 3D TSV Summit in France.

The new device boasts a filament-free, sealed-transmissive X-ray tube, from Nordson DAGE’s existing X-ray systems. The technology enables the X-ray platform to be used in the fabrication and packaging of integrated circuits (IC). The platform will be used to detect the visible as well as hidden features of the TSVs, 2.5D and 3D IC packages, MEMS and wafer bumps. 

Nordson has been taking significant measures to reach its goal of gaining greater market share. In Dec 2013, the company moved its Taiwan-based Advanced Technology Systems operations to a new facility, enabling it to enhance sales, applications, service, engineering and support for its electronics manufacturing customers.

Nordson reported weak year-over-year performance in fourth-quarter 2013. Sales in the quarter were $411 million, down 6%, whereas earnings per share came in at 92 cents, compared with $1.04 in the fourth quarter of 2012.

In the first quarter of 2014, the company expects sales in the range of $362 million to $375 million. Also, earnings per share are expected in the range of 55 cents to 63 cents. The Zacks Consensus Estimate for the quarter stands at 61 cents.

Nordson manufactures equipment used for precision material dispensing, testing and inspection, surface preparation and curing. With a current market capitalization of $4.7 billion, the company has a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include The Middleby Corporation (MIDD - Analyst Report), Altra Industrial Motion Corp. (AIMC - Snapshot Report) and Barnes Group Inc. (B - Snapshot Report). While Middleby Corporation boasts a Zacks Rank #1 (Strong Buy), Altra Industrial Motion and Barnes Group hold a Zacks Rank #2 (Buy).

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