Nova Measuring Instruments Ltd. (NASDAQ:NVMI) had its price objective lifted by equities research analysts at Stifel Nicolaus from $29.00 to $32.00 in a research report issued to clients and investors on Monday, October 16th, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target points to a potential upside of 4.99% from the company’s previous close.
Other equities analysts have also issued reports about the company. ValuEngine lowered Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Needham & Company LLC restated a “buy” rating and set a $32.00 price target on shares of Nova Measuring Instruments in a research report on Friday, September 1st. BidaskClub upgraded Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research lowered Nova Measuring Instruments from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $30.25.
Shares of Nova Measuring Instruments (NVMI) opened at 30.48 on Monday. The stock’s 50 day moving average price is $27.71 and its 200-day moving average price is $24.29. The firm has a market capitalization of $842.92 million, a price-to-earnings ratio of 27.86 and a beta of 0.91. Nova Measuring Instruments has a 52 week low of $11.83 and a 52 week high of $31.35.
Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.40 by $0.12. The firm had revenue of $56.10 million for the quarter, compared to analyst estimates of $54.48 million. Nova Measuring Instruments had a return on equity of 26.03% and a net margin of 14.79%. The company’s revenue was up 57.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. Equities analysts predict that Nova Measuring Instruments will post $1.79 earnings per share for the current year.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG grew its position in Nova Measuring Instruments by 11.1% during the 1st quarter. UBS Group AG now owns 6,389 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 638 shares during the last quarter. FNY Partners Fund LP bought a new position in Nova Measuring Instruments during the 1st quarter worth approximately $120,000. Hillsdale Investment Management Inc. purchased a new stake in Nova Measuring Instruments in the 2nd quarter worth approximately $148,000. Quantbot Technologies LP purchased a new stake in Nova Measuring Instruments in the 2nd quarter worth approximately $169,000. Finally, GHP Investment Advisors Inc. purchased a new stake in Nova Measuring Instruments in the 2nd quarter worth approximately $210,000. Institutional investors and hedge funds own 40.66% of the company’s stock.
Nova Measuring Instruments Company Profile
Nova Measuring Instruments Ltd. provides metrology solutions for the semiconductor manufacturing industry. The Company offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its metrology systems measure various film thickness and composition properties, as well as critical-dimension (CD) variables during various front-end and back-end of line steps in the semiconductor wafer fabrication process.
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