Nova Measuring Instruments Ltd. (NASDAQ:NVMI) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 250,100 shares, an increase of 48.3% from the May 30th total of 168,700 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 109,100 shares, the short-interest ratio is currently 2.3 days.
NVMI has been the subject of a number of analyst reports. Lake Street Capital set a $75.00 price objective on shares of SurModics and gave the company a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC started coverage on shares of Nova Measuring Instruments in a research note on Tuesday, April 16th. They set a “buy” rating and a $33.00 target price for the company. BidaskClub upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.25.
Shares of NASDAQ NVMI traded down $0.32 during mid-day trading on Thursday, reaching $25.11. 45,700 shares of the company were exchanged, compared to its average volume of 98,595. The firm’s 50-day moving average is $25.76. The company has a market capitalization of $711.15 million, a PE ratio of 12.81 and a beta of 1.09. Nova Measuring Instruments has a twelve month low of $20.83 and a twelve month high of $30.46.
Nova Measuring Instruments (NASDAQ:NVMI) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. Nova Measuring Instruments had a net margin of 19.60% and a return on equity of 18.70%. The business had revenue of $56.66 million during the quarter, compared to analysts’ expectations of $55.25 million. During the same quarter in the previous year, the company earned $0.54 EPS. The business’s revenue was down 9.5% on a year-over-year basis. On average, sell-side analysts forecast that Nova Measuring Instruments will post 1.13 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of NVMI. AlphaOne Investment Services LLC acquired a new stake in Nova Measuring Instruments in the 1st quarter worth about $33,000. Campbell & CO Investment Adviser LLC acquired a new stake in Nova Measuring Instruments in the 1st quarter worth about $309,000. Millennium Management LLC acquired a new stake in Nova Measuring Instruments in the 4th quarter worth about $352,000. GHP Investment Advisors Inc. raised its stake in Nova Measuring Instruments by 42.7% in the 1st quarter. GHP Investment Advisors Inc. now owns 15,040 shares of the semiconductor company’s stock worth $379,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Nova Measuring Instruments in the 4th quarter worth about $385,000. Institutional investors and hedge funds own 52.07% of the company’s stock.
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. Its product portfolio includes integrated and stand-alone metrology platforms for dimensional, films, and material metrology measurements for process control across various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, and deposition.
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