Nova Measuring Instruments Ltd. (NASDAQ:NVMI) has been assigned an average rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $37.20.
NVMI has been the topic of several research reports. Zacks Investment Research raised Nova Measuring Instruments from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research report on Wednesday, October 2nd. ValuEngine lowered Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Benchmark increased their target price on Nova Measuring Instruments from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Stifel Nicolaus raised their price objective on Nova Measuring Instruments from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, BidaskClub raised Nova Measuring Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday.
Large investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC raised its position in Nova Measuring Instruments by 48.5% in the third quarter. Truvestments Capital LLC now owns 995 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 325 shares during the period. US Bancorp DE raised its position in Nova Measuring Instruments by 933.3% in the second quarter. US Bancorp DE now owns 1,240 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 1,120 shares during the period. Financial Gravity Wealth Inc. purchased a new position in Nova Measuring Instruments in the second quarter valued at about $40,000. Envestnet Asset Management Inc. purchased a new stake in shares of Nova Measuring Instruments during the second quarter worth about $204,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Nova Measuring Instruments during the second quarter worth about $221,000. 59.35% of the stock is currently owned by institutional investors.
Shares of NVMI stock traded down $0.06 during mid-day trading on Monday, hitting $37.29. 202 shares of the company’s stock were exchanged, compared to its average volume of 97,537. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 19.03 and a beta of 1.07. The stock has a 50-day simple moving average of $33.50 and a two-hundred day simple moving average of $28.89. Nova Measuring Instruments has a fifty-two week low of $21.15 and a fifty-two week high of $37.47.
Nova Measuring Instruments (NASDAQ:NVMI) last issued its earnings results on Thursday, November 7th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.17. The business had revenue of $52.51 million for the quarter, compared to analyst estimates of $50.73 million. Nova Measuring Instruments had a return on equity of 14.97% and a net margin of 16.99%. The business’s quarterly revenue was down 17.4% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. As a group, sell-side analysts anticipate that Nova Measuring Instruments will post 1.41 EPS for the current 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. 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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