BidaskClub upgraded shares of Nova Measuring Instruments (NASDAQ:NVMI) from a buy rating to a strong-buy rating in a research note released on Thursday morning, BidAskClub reports.

NVMI has been the topic of a number of other research reports. Stifel Nicolaus raised their price target on shares of Nova Measuring Instruments from $33.00 to $35.00 and gave the stock a buy rating in a report on Friday, September 27th. Zacks Investment Research raised shares of Nova Measuring Instruments from a hold rating to a strong-buy rating and set a $37.00 price target on the stock in a report on Wednesday, October 2nd. ValuEngine lowered shares of Nova Measuring Instruments from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reaffirmed a buy rating and set a $34.00 target price on shares of Nova Measuring Instruments in a research note on Sunday, August 11th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $34.20.

Nova Measuring Instruments stock traded down $0.01 during trading hours on Thursday, reaching $32.17. The stock had a trading volume of 23,624 shares, compared to its average volume of 96,020. The stock has a market cap of $899.63 million, a PE ratio of 16.41 and a beta of 1.05. Nova Measuring Instruments has a 52 week low of $20.83 and a 52 week high of $32.70. The company has a fifty day simple moving average of $30.51 and a 200-day simple moving average of $27.77.

Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $51.12 million for the quarter, compared to analyst estimates of $49.90 million. Nova Measuring Instruments had a net margin of 18.21% and a return on equity of 16.62%. The company’s revenue was down 17.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. Research analysts predict that Nova Measuring Instruments will post 1.16 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC boosted its stake in shares of Nova Measuring Instruments by 48.5% during the 3rd quarter. Truvestments Capital LLC now owns 995 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 325 shares in the last quarter. US Bancorp DE boosted its stake in Nova Measuring Instruments by 933.3% during the second quarter. US Bancorp DE now owns 1,240 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 1,120 shares in the last quarter. Putnam Investments LLC boosted its stake in Nova Measuring Instruments by 1.5% during the second quarter. Putnam Investments LLC now owns 76,474 shares of the semiconductor company’s stock worth $1,957,000 after acquiring an additional 1,122 shares in the last quarter. Swiss National Bank boosted its stake in Nova Measuring Instruments by 2.5% during the second quarter. Swiss National Bank now owns 51,945 shares of the semiconductor company’s stock worth $1,294,000 after acquiring an additional 1,261 shares in the last quarter. Finally, Financial Gravity Wealth Inc. bought a new stake in Nova Measuring Instruments during the second quarter worth about $40,000. 56.55% of the stock is currently owned by hedge funds and other institutional investors.

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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