Nova Measuring Instruments (NVMI) Downgraded to “Hold” at ValuEngine

ValuEngine downgraded shares of Nova Measuring Instruments (NASDAQ:NVMI) from a buy rating to a hold rating in a research report report published on Monday, December 4th.

Several other research firms have also issued reports on NVMI. Zacks Investment Research upgraded shares of Nova Measuring Instruments from a hold rating to a strong-buy rating and set a $27.00 price target on the stock in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Nova Measuring Instruments from a hold rating to a buy rating in a research report on Thursday, August 17th. Needham & Company LLC reiterated a buy rating and set a $32.00 price objective on shares of Nova Measuring Instruments in a research report on Thursday, October 19th. Finally, Stifel Nicolaus lifted their price objective on shares of Nova Measuring Instruments from $29.00 to $32.00 and gave the stock a buy rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Nova Measuring Instruments presently has a consensus rating of Buy and an average price target of $30.25.

Nova Measuring Instruments (NVMI) traded down $0.01 on Monday, hitting $25.84. The stock had a trading volume of 117,274 shares, compared to its average volume of 247,215. Nova Measuring Instruments has a 52 week low of $12.47 and a 52 week high of $31.88. The company has a market capitalization of $739.50, a PE ratio of 14.52 and a beta of 0.84.

Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG lifted 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. Hillsdale Investment Management Inc. acquired a new position in Nova Measuring Instruments during the 2nd quarter worth $148,000. Quantbot Technologies LP acquired a new position in Nova Measuring Instruments during the 2nd quarter worth $169,000. GHP Investment Advisors Inc. acquired a new position in Nova Measuring Instruments during the 2nd quarter worth $210,000. Finally, Nationwide Fund Advisors acquired a new position in Nova Measuring Instruments during the 2nd quarter worth $216,000. 37.29% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark law. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/13/valuengine-lowers-nova-measuring-instruments-nvmi-to-hold.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Nova Measuring Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nova Measuring Instruments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply