Nova Measuring Instruments Ltd. (NASDAQ:NVMI) has been given a consensus recommendation of “Buy” by the six ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $32.67.
A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. 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 assumed coverage on shares of Nova Measuring Instruments in a research report on Tuesday, April 16th. They issued a “buy” rating and a $33.00 price objective on the stock. BidaskClub cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday. Finally, ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th.
Hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its stake in shares of Nova Measuring Instruments by 8.3% during the 1st quarter. Acadian Asset Management LLC now owns 1,059,387 shares of the semiconductor company’s stock valued at $26,674,000 after purchasing an additional 80,874 shares in the last quarter. Ibex Investors LLC boosted its stake in shares of Nova Measuring Instruments by 3.3% during the 1st quarter. Ibex Investors LLC now owns 600,000 shares of the semiconductor company’s stock valued at $15,108,000 after purchasing an additional 19,000 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Nova Measuring Instruments by 19.4% during the 1st quarter. Royce & Associates LP now owns 560,304 shares of the semiconductor company’s stock valued at $14,108,000 after purchasing an additional 91,200 shares in the last quarter. Norges Bank bought a new stake in shares of Nova Measuring Instruments during the 4th quarter valued at about $8,081,000. Finally, Jane Street Group LLC boosted its stake in shares of Nova Measuring Instruments by 702.6% during the 4th quarter. Jane Street Group LLC now owns 146,932 shares of the semiconductor company’s stock valued at $3,347,000 after purchasing an additional 128,626 shares in the last quarter. Hedge funds and other institutional investors own 52.07% of the company’s stock.
Shares of Nova Measuring Instruments stock traded down $0.01 on Tuesday, hitting $26.03. 92,708 shares of the company traded hands, compared to its average volume of 168,422. The company’s 50-day simple moving average is $25.75. The company has a market capitalization of $727.93 million, a P/E ratio of 13.28 and a beta of 1.09. Nova Measuring Instruments has a 12-month low of $20.83 and a 12-month high of $30.46.
Nova Measuring Instruments (NASDAQ:NVMI) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The company had revenue of $56.66 million for the quarter, compared to analysts’ expectations of $55.25 million. Nova Measuring Instruments had a net margin of 19.60% and a return on equity of 18.70%. The firm’s revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. On average, equities research analysts anticipate that Nova Measuring Instruments will post 1.13 earnings per share for the current fiscal year.
About Nova Measuring Instruments
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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