A number of other research firms also recently weighed in on NVMI. ValuEngine raised Nova Measuring Instruments from a hold rating to a buy rating in a report on Tuesday, July 23rd. Lake Street Capital reissued a buy rating and set a $30.00 target price (up previously from $28.00) on shares of Nova Measuring Instruments in a report on Thursday, May 2nd. Zacks Investment Research raised Nova Measuring Instruments from a strong sell rating to a hold rating in a report on Wednesday, July 3rd. Finally, Needham & Company LLC reissued a buy rating and set a $34.00 target price on shares of Nova Measuring Instruments in a report on Sunday, August 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $33.00.
NVMI opened at $28.40 on Friday. Nova Measuring Instruments has a fifty-two week low of $20.83 and a fifty-two week high of $30.46. The company has a market capitalization of $773.23 million, a P/E ratio of 14.49 and a beta of 1.05. The stock has a fifty day moving average of $26.90 and a 200-day moving average of $26.20.
Nova Measuring Instruments (NASDAQ:NVMI) last posted its earnings results on Wednesday, August 7th. The semiconductor company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.06. Nova Measuring Instruments had a return on equity of 16.62% and a net margin of 18.21%. The company had revenue of $51.12 million during the quarter, compared to the consensus estimate of $49.90 million. During the same quarter last year, the firm earned $0.46 earnings per share. The company’s revenue was down 17.4% on a year-over-year basis. As a group, sell-side analysts expect that Nova Measuring Instruments will post 1.16 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of NVMI. Norges Bank bought a new position in shares of Nova Measuring Instruments in the fourth quarter worth $8,081,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Nova Measuring Instruments in the second quarter worth $5,473,000. Royce & Associates LP increased its position in shares of Nova Measuring Instruments by 19.4% in the first quarter. Royce & Associates LP now owns 560,304 shares of the semiconductor company’s stock worth $14,108,000 after purchasing an additional 91,200 shares during the period. Acadian Asset Management LLC increased its position in shares of Nova Measuring Instruments by 8.3% in the first quarter. Acadian Asset Management LLC now owns 1,059,387 shares of the semiconductor company’s stock worth $26,674,000 after purchasing an additional 80,874 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Nova Measuring Instruments by 3.9% in the second quarter. Renaissance Technologies LLC now owns 2,086,200 shares of the semiconductor company’s stock worth $53,386,000 after purchasing an additional 78,900 shares during the period. Institutional investors 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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