Nova Measuring Instruments Ltd. (NASDAQ:NVMI) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $36.00.
Several research analysts have issued reports on the stock. BidaskClub lowered shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Zacks Investment Research cut shares of Nova Measuring Instruments from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Lake Street Capital lifted their price objective on shares of Nova Measuring Instruments from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. ValuEngine cut shares of Nova Measuring Instruments from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Nova Measuring Instruments from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, September 27th.
Nova Measuring Instruments stock traded up $1.08 during mid-day trading on Tuesday, hitting $39.07. The company’s stock had a trading volume of 81,617 shares, compared to its average volume of 58,713. The stock has a market capitalization of $1.07 billion, a P/E ratio of 19.93 and a beta of 1.07. Nova Measuring Instruments has a twelve month low of $22.70 and a twelve month high of $39.15. The stock’s fifty day moving average price is $37.12 and its two-hundred day moving average price is $32.04.
Nova Measuring Instruments (NASDAQ:NVMI) last posted its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.17. The firm had revenue of $52.51 million for the quarter, compared to analyst estimates of $50.73 million. Nova Measuring Instruments had a net margin of 16.99% and a return on equity of 14.97%. The firm’s quarterly revenue was down 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. As a group, analysts anticipate that Nova Measuring Instruments will post 1.41 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of NVMI. Truvestments Capital LLC grew its position in Nova Measuring Instruments by 48.5% during the 3rd quarter. Truvestments Capital LLC now owns 995 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 325 shares in the last quarter. US Bancorp DE boosted its stake in shares of Nova Measuring Instruments by 933.3% during the 2nd quarter. US Bancorp DE now owns 1,240 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 1,120 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Nova Measuring Instruments during the 2nd quarter valued at $204,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Nova Measuring Instruments during the 2nd quarter valued at $221,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Nova Measuring Instruments during the 3rd quarter valued at $357,000. Hedge funds and other institutional investors own 59.09% 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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