A number of other equities research analysts have also issued reports on the company. Zacks Investment Research raised Nova Measuring Instruments from a strong sell rating to a hold rating in a research note on Wednesday, July 3rd. Needham & Company LLC reissued a buy rating and set a $34.00 price target on shares of Nova Measuring Instruments in a research note on Sunday, August 11th. Finally, ValuEngine raised Nova Measuring Instruments from a hold rating to a buy rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $33.00.
Shares of Nova Measuring Instruments stock opened at $31.84 on Thursday. The stock has a market cap of $878.66 million, a price-to-earnings ratio of 16.24 and a beta of 1.04. The stock has a 50 day moving average price of $28.46 and a 200-day moving average price of $26.71. Nova Measuring Instruments has a one year low of $20.83 and a one year high of $31.89.
Nova Measuring Instruments (NASDAQ:NVMI) last issued its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.29 earnings per share (EPS) 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 firm had revenue of $51.12 million during the quarter, compared to analyst estimates of $49.90 million. During the same period last year, the company earned $0.46 EPS. Nova Measuring Instruments’s quarterly revenue was down 17.4% compared to the same quarter last year. Equities analysts expect that Nova Measuring Instruments will post 1.16 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bamco Inc. NY raised its position in Nova Measuring Instruments by 13.0% during the 2nd quarter. Bamco Inc. NY now owns 260,000 shares of the semiconductor company’s stock valued at $6,653,000 after purchasing an additional 30,000 shares in the last quarter. Citadel Advisors LLC raised its position in Nova Measuring Instruments by 367.9% during the 2nd quarter. Citadel Advisors LLC now owns 58,187 shares of the semiconductor company’s stock valued at $1,489,000 after purchasing an additional 45,751 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in Nova Measuring Instruments by 98.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 102,500 shares of the semiconductor company’s stock valued at $2,623,000 after purchasing an additional 50,971 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Nova Measuring Instruments during the 2nd quarter valued at $221,000. Finally, Putnam Investments LLC raised its position in Nova Measuring Instruments by 1.5% during the 2nd quarter. Putnam Investments LLC now owns 76,474 shares of the semiconductor company’s stock valued at $1,957,000 after purchasing an additional 1,122 shares in the last quarter. 56.55% of the stock is owned by institutional investors and hedge funds.
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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