Shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) have received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $33.50.
A number of research analysts have issued reports on NVMI shares. Benchmark reissued a “buy” rating and issued a $35.00 price target on shares of Nova Measuring Instruments in a report on Monday, March 19th. BidaskClub downgraded Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Lake Street Capital started coverage on Nova Measuring Instruments in a report on Monday, March 26th. They issued a “buy” rating and a $33.00 price target for the company. Zacks Investment Research downgraded Nova Measuring Instruments from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $34.00 price target (up from $32.00) on shares of Nova Measuring Instruments in a report on Tuesday, February 13th.
Nova Measuring Instruments traded up $0.27, reaching $28.67, during trading hours on Monday, Marketbeat.com reports. The company had a trading volume of 43,150 shares, compared to its average volume of 149,892. Nova Measuring Instruments has a 1-year low of $20.55 and a 1-year high of $31.88. The company has a market capitalization of $792.31 million, a PE ratio of 15.50 and a beta of 0.78.
Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings results on Wednesday, May 2nd. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.16. Nova Measuring Instruments had a return on equity of 24.17% and a net margin of 20.48%. The company had revenue of $62.60 million during the quarter, compared to the consensus estimate of $57.45 million. During the same period in the previous year, the company posted $0.50 earnings per share. Nova Measuring Instruments’s revenue for the quarter was up 15.1% on a year-over-year basis. equities research analysts anticipate that Nova Measuring Instruments will post 1.81 EPS for the current year.
Several hedge funds have recently made changes to their positions in NVMI. JPMorgan Chase & Co. acquired a new position in shares of Nova Measuring Instruments during the 1st quarter worth approximately $143,000. Optimum Investment Advisors acquired a new position in shares of Nova Measuring Instruments during the 1st quarter worth approximately $163,000. Advisor Group Inc. raised its stake in shares of Nova Measuring Instruments by 174.2% during the 4th quarter. Advisor Group Inc. now owns 7,005 shares of the semiconductor company’s stock worth $182,000 after buying an additional 4,450 shares during the period. Koch Industries Inc. acquired a new position in shares of Nova Measuring Instruments during the 4th quarter worth approximately $215,000. Finally, ARK Investment Management LLC acquired a new position in shares of Nova Measuring Instruments during the 4th quarter worth approximately $220,000. 44.41% of the stock is owned by institutional investors and hedge funds.
Nova Measuring Instruments Company Profile
Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems that attach directly to wafer fabrication process equipment.
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