Nova Measuring Instruments Ltd. (NASDAQ:NVMI) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Monday, July 31st.
NVMI has been the subject of several other reports. Stifel Nicolaus boosted their price objective on Nova Measuring Instruments from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, June 26th. Zacks Investment Research raised Nova Measuring Instruments from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a report on Tuesday, May 16th. ValuEngine raised shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Needham & Company LLC upped their price target on shares of Nova Measuring Instruments from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.50.
Nova Measuring Instruments (NASDAQ:NVMI) traded up 0.66% during mid-day trading on Monday, reaching $23.00. The company’s stock had a trading volume of 353,454 shares. The firm’s 50 day moving average price is $23.84 and its 200 day moving average price is $20.65. Nova Measuring Instruments has a 12-month low of $11.14 and a 12-month high of $28.41. The stock has a market cap of $636.07 million, a price-to-earnings ratio of 21.02 and a beta of 0.84.
Nova Measuring Instruments (NASDAQ:NVMI) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.12. Nova Measuring Instruments had a return on equity of 26.03% and a net margin of 14.79%. The company had revenue of $56.10 million during the quarter, compared to the consensus estimate of $54.48 million. During the same period in the previous year, the firm posted $0.17 earnings per share. Nova Measuring Instruments’s quarterly revenue was up 57.6% compared to the same quarter last year. On average, equities analysts predict that Nova Measuring Instruments will post $1.79 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG raised its position in Nova Measuring Instruments by 11.1% in the first quarter. UBS Group AG now owns 6,389 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 638 shares during the period. FNY Partners Fund LP acquired a new position in Nova Measuring Instruments during the first quarter valued at about $120,000. Quantbot Technologies LP purchased a new stake in Nova Measuring Instruments during the second quarter valued at $169,000. GHP Investment Advisors Inc. purchased a new stake in Nova Measuring Instruments during the second quarter valued at $210,000. Finally, Virtu KCG Holdings LLC purchased a new stake in Nova Measuring Instruments during the second quarter valued at $216,000. 39.34% of the stock is owned by hedge funds and other institutional investors.
About Nova Measuring Instruments
Nova Measuring Instruments Ltd. provides metrology solutions for the semiconductor manufacturing industry. The Company offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its metrology systems measure various film thickness and composition properties, as well as critical-dimension (CD) variables during various front-end and back-end of line steps in the semiconductor wafer fabrication process.
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