Nova Measuring Instruments (NVMI) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of Nova Measuring Instruments (NASDAQ:NVMI) from a strong sell rating to a sell rating in a research note published on Friday morning.

NVMI has been the subject of several other reports. ValuEngine raised Nova Measuring Instruments from a sell rating to a hold rating in a report on Thursday, November 1st. Zacks Investment Research raised Nova Measuring Instruments from a hold rating to a buy rating and set a $31.00 target price for the company in a report on Thursday, August 9th. Finally, Benchmark reissued a buy rating and issued a $35.00 target price on shares of Nova Measuring Instruments in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $33.25.

NASDAQ:NVMI opened at $24.17 on Friday. The stock has a market cap of $685.46 million, a PE ratio of 13.35 and a beta of 1.07. Nova Measuring Instruments has a 1 year low of $20.83 and a 1 year high of $32.00.

Nova Measuring Instruments (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business had revenue of $63.60 million during the quarter, compared to analysts’ expectations of $61.53 million. Nova Measuring Instruments had a return on equity of 21.39% and a net margin of 19.34%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. Equities research analysts predict that Nova Measuring Instruments will post 1.81 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Nova Measuring Instruments by 20.4% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 799,348 shares of the semiconductor company’s stock valued at $21,031,000 after purchasing an additional 135,351 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Nova Measuring Instruments by 17.8% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,284,968 shares of the semiconductor company’s stock valued at $33,808,000 after purchasing an additional 194,495 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Nova Measuring Instruments by 31.9% in the 2nd quarter. Northern Trust Corp now owns 12,608 shares of the semiconductor company’s stock valued at $344,000 after purchasing an additional 3,046 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Nova Measuring Instruments by 36.4% in the 2nd quarter. Jane Street Group LLC now owns 38,739 shares of the semiconductor company’s stock valued at $1,056,000 after purchasing an additional 10,332 shares during the last quarter. Finally, Castleark Management LLC lifted its holdings in shares of Nova Measuring Instruments by 47.1% in the 2nd quarter. Castleark Management LLC now owns 24,030 shares of the semiconductor company’s stock valued at $655,000 after purchasing an additional 7,690 shares during the last quarter. 46.36% of the stock is owned by institutional investors and hedge funds.

About Nova Measuring Instruments

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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