Shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) have received an average rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment 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 twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $33.50.
A number of equities research analysts have recently commented on NVMI shares. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price (up from $32.00) on shares of Nova Measuring Instruments in a research report on Tuesday, February 13th. Zacks Investment Research cut shares of Nova Measuring Instruments from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Benchmark reiterated a “buy” rating and issued a $35.00 target price on shares of Nova Measuring Instruments in a research report on Monday, March 19th. BidaskClub upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, March 21st. Finally, Lake Street Capital assumed coverage on shares of Nova Measuring Instruments in a research report on Monday, March 26th. They issued a “buy” rating and a $33.00 target price for the company.
Nova Measuring Instruments traded down $0.35, reaching $28.34, during trading hours on Monday, Marketbeat Ratings reports. 1,196 shares of the company were exchanged, compared to its average volume of 154,592. The stock has a market capitalization of $802.35 million, a PE ratio of 15.51 and a beta of 0.78. Nova Measuring Instruments has a twelve month low of $20.55 and a twelve month high of $31.88.
Nova Measuring Instruments (NASDAQ:NVMI) last posted its quarterly earnings data on Wednesday, May 2nd. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.16. The company had revenue of $62.60 million during the quarter, compared to analysts’ expectations of $57.45 million. Nova Measuring Instruments had a net margin of 20.48% and a return on equity of 24.17%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. equities research analysts predict that Nova Measuring Instruments will post 1.81 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its stake in Nova Measuring Instruments by 661.3% during the first quarter. Millennium Management LLC now owns 64,858 shares of the semiconductor company’s stock worth $1,760,000 after buying an additional 56,339 shares during the period. Sensato Investors LLC purchased a new position in Nova Measuring Instruments during the first quarter worth about $515,000. Jane Street Group LLC purchased a new position in Nova Measuring Instruments during the first quarter worth about $771,000. Delek Group Ltd. boosted its stake in Nova Measuring Instruments by 137.4% during the first quarter. Delek Group Ltd. now owns 682,733 shares of the semiconductor company’s stock worth $13,267,000 after buying an additional 395,120 shares during the period. Finally, Element Capital Management LLC acquired a new stake in shares of Nova Measuring Instruments during the first quarter worth about $275,000. 44.41% of the stock is owned by institutional investors.
About Nova Measuring Instruments
Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems that attach directly to wafer fabrication process equipment.
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