Nova Measuring Instruments Ltd. (NVMI) Issues Q4 Earnings Guidance

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.34-0.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.40. The company issued revenue guidance of $53-57 million, compared to the consensus revenue estimate of $54.32 million.

Nova Measuring Instruments (NASDAQ:NVMI) last released its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.40 by $0.12. Nova Measuring Instruments had a return on equity of 27.07% and a net margin of 21.68%. The firm had revenue of $56.10 million for the quarter, compared to analyst estimates of $54.48 million. During the same period in the previous year, the company posted $0.17 EPS. Nova Measuring Instruments’s revenue for the quarter was up 57.6% on a year-over-year basis.

A number of equities analysts have issued reports on the company. BidaskClub raised Nova Measuring Instruments from a hold rating to a buy rating in a research report on Thursday, August 17th. Needham & Company LLC reaffirmed a buy rating and issued a $32.00 target price on shares of Nova Measuring Instruments in a research report on Thursday, October 19th. Stifel Nicolaus reaffirmed a buy rating and issued a $29.00 target price (up from $28.00) on shares of Nova Measuring Instruments in a research report on Thursday, August 3rd. ValuEngine raised Nova Measuring Instruments from a buy rating to a strong-buy rating in a research report on Friday, August 11th. Finally, Zacks Investment Research lowered Nova Measuring Instruments from a strong-buy rating to a hold rating in a research report on Wednesday, October 4th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $30.25.

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A hedge fund recently raised its stake in Nova Measuring Instruments stock. State Street Corp lifted its position in shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,816 shares of the semiconductor company’s stock after acquiring an additional 216 shares during the period. State Street Corp’s holdings in Nova Measuring Instruments were worth $305,000 at the end of the most recent reporting period. Institutional investors own 40.63% of the company’s stock.

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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