Nova Measuring Instruments Ltd. (NASDAQ:NVMI) has earned an average recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $28.67.
A number of equities analysts have weighed in on the stock. BidaskClub cut shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Needham & Company LLC restated a “buy” rating and set a $32.00 price objective on shares of Nova Measuring Instruments in a research report on Thursday, October 19th. Zacks Investment Research cut shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus upped 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. Finally, ValuEngine cut shares of Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd.
Several institutional investors have recently added to or reduced their stakes in NVMI. Menora Mivtachim Holdings LTD. grew its holdings in shares of Nova Measuring Instruments by 22.4% during the third quarter. Menora Mivtachim Holdings LTD. now owns 892,831 shares of the semiconductor company’s stock worth $25,097,000 after buying an additional 163,538 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of Nova Measuring Instruments during the second quarter worth $2,719,000. PDT Partners LLC purchased a new stake in shares of Nova Measuring Instruments during the second quarter worth $2,312,000. EAM Investors LLC grew its holdings in shares of Nova Measuring Instruments by 70.4% during the third quarter. EAM Investors LLC now owns 190,135 shares of the semiconductor company’s stock worth $5,345,000 after buying an additional 78,523 shares in the last quarter. Finally, Delphi Management Inc. MA purchased a new stake in shares of Nova Measuring Instruments during the second quarter worth $1,614,000. 37.25% of the stock is owned by institutional investors and hedge funds.
Nova Measuring Instruments (NVMI) opened at $26.76 on Tuesday. The firm has a market cap of $741.54, a price-to-earnings ratio of 16.32 and a beta of 0.85. Nova Measuring Instruments has a 12-month low of $13.96 and a 12-month high of $31.88.
Nova Measuring Instruments (NASDAQ:NVMI) last posted its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. Nova Measuring Instruments had a net margin of 21.68% and a return on equity of 26.14%. research analysts forecast that Nova Measuring Instruments will post 1.79 EPS for the current fiscal year.
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About Nova Measuring Instruments
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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