Shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) have earned an average recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $33.00.
Several equities research analysts have recently commented on NVMI shares. BidaskClub raised Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Zacks Investment Research raised Nova Measuring Instruments from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Lake Street Capital reissued a “buy” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Nova Measuring Instruments in a report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price objective on shares of Nova Measuring Instruments in a report on Sunday. Finally, ValuEngine raised Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd.
Shares of NASDAQ NVMI traded down $0.09 during trading hours on Friday, hitting $27.83. The company had a trading volume of 3,643 shares, compared to its average volume of 143,267. The stock has a market capitalization of $770.85 million, a PE ratio of 14.16 and a beta of 1.05. Nova Measuring Instruments has a 1-year low of $20.83 and a 1-year high of $30.46. The firm’s 50 day moving average price is $26.78.
Nova Measuring Instruments (NASDAQ:NVMI) last released its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The company had revenue of $51.12 million during the quarter, compared to the consensus estimate of $49.90 million. Nova Measuring Instruments had a return on equity of 16.62% and a net margin of 18.21%. The firm’s revenue for the quarter was down 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Equities research analysts predict that Nova Measuring Instruments will post 1.16 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaOne Investment Services LLC bought a new position in Nova Measuring Instruments during the 1st quarter worth $33,000. Royce & Associates LP increased its position in Nova Measuring Instruments by 19.4% during the 1st quarter. Royce & Associates LP now owns 560,304 shares of the semiconductor company’s stock worth $14,108,000 after buying an additional 91,200 shares during the period. Oppenheimer & Co. Inc. increased its position in Nova Measuring Instruments by 9.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 111,270 shares of the semiconductor company’s stock worth $2,802,000 after buying an additional 10,000 shares during the period. James Investment Research Inc. increased its position in Nova Measuring Instruments by 14.4% during the 1st quarter. James Investment Research Inc. now owns 42,260 shares of the semiconductor company’s stock worth $1,064,000 after buying an additional 5,335 shares during the period. Finally, Acadian Asset Management LLC increased its position in 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 worth $26,674,000 after buying an additional 80,874 shares during the period. Institutional investors and hedge funds own 51.90% 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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