Nova Measuring Instruments Ltd. (NVMI) Receives $33.50 Consensus PT from Brokerages

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) has earned a consensus recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $33.50.

Several equities analysts have recently commented on the company. Needham & Company LLC upped their target price on Nova Measuring Instruments from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, June 15th. Benchmark reaffirmed a “buy” rating and set a $35.00 target price on shares of Nova Measuring Instruments in a report on Friday, June 15th. ValuEngine raised Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Monday, June 11th. BidaskClub lowered Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Finally, Zacks Investment Research lowered Nova Measuring Instruments from a “hold” rating to a “sell” rating in a report on Thursday, May 10th.

A number of hedge funds have recently modified their holdings of the stock. Menora Mivtachim Holdings LTD. grew its holdings in Nova Measuring Instruments by 6.0% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 940,143 shares of the semiconductor company’s stock worth $25,506,000 after buying an additional 53,602 shares in the last quarter. Delek Group Ltd. grew its holdings in Nova Measuring Instruments by 137.4% in the 1st quarter. Delek Group Ltd. now owns 682,733 shares of the semiconductor company’s stock worth $13,267,000 after buying an additional 395,120 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in Nova Measuring Instruments by 226.3% in the 4th quarter. Driehaus Capital Management LLC now owns 164,382 shares of the semiconductor company’s stock worth $4,259,000 after buying an additional 114,010 shares in the last quarter. QS Investors LLC grew its holdings in Nova Measuring Instruments by 4.0% in the 4th quarter. QS Investors LLC now owns 135,831 shares of the semiconductor company’s stock worth $3,519,000 after buying an additional 5,233 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Nova Measuring Instruments by 437.1% in the 1st quarter. Russell Investments Group Ltd. now owns 111,838 shares of the semiconductor company’s stock worth $3,035,000 after buying an additional 91,016 shares in the last quarter. 44.41% of the stock is owned by institutional investors and hedge funds.

Shares of Nova Measuring Instruments traded up $0.35, hitting $29.91, during trading on Friday, Marketbeat Ratings reports. 10,251 shares of the company traded hands, compared to its average volume of 133,925. The firm has a market capitalization of $829.97 million, a PE ratio of 16.14 and a beta of 0.80. Nova Measuring Instruments has a one year low of $20.55 and a one year high of $32.00.

Nova Measuring Instruments (NASDAQ:NVMI) last posted its earnings results on Wednesday, May 2nd. The semiconductor company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.16. The company had revenue of $62.60 million during the quarter, compared to analyst estimates of $57.45 million. Nova Measuring Instruments had a return on equity of 24.17% and a net margin of 20.48%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. sell-side analysts forecast that Nova Measuring Instruments will post 1.81 EPS for the current fiscal year.

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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