Benchmark reissued their buy rating on shares of Nova Measuring Instruments (NASDAQ:NVMI) in a report issued on Wednesday. They currently have a $32.00 price objective on the semiconductor company’s stock.

NVMI has been the subject of several other research reports. Zacks Investment Research raised Nova Measuring Instruments from a hold rating to a strong-buy rating and set a $35.00 price objective for the company in a research report on Wednesday, October 18th. BidaskClub lowered Nova Measuring Instruments from a strong-buy rating to a buy rating in a research report on Saturday, December 2nd. ValuEngine lowered Nova Measuring Instruments from a buy rating to a hold rating in a research report on Monday, December 4th. Stifel Nicolaus raised their price objective on Nova Measuring Instruments from $29.00 to $32.00 and gave the company a buy rating in a research report on Monday, October 16th. Finally, Needham & Company LLC reissued a buy rating and set a $32.00 price objective on shares of Nova Measuring Instruments in a research report on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $32.75.

Nova Measuring Instruments (NASDAQ NVMI) traded up $0.06 during trading hours on Wednesday, reaching $28.10. 155,686 shares of the company traded hands, compared to its average volume of 127,686. The company has a market capitalization of $762.13, a PE ratio of 17.13 and a beta of 0.85. Nova Measuring Instruments has a twelve month low of $14.00 and a twelve month high of $31.88.

Nova Measuring Instruments (NASDAQ:NVMI) last released its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Nova Measuring Instruments had a net margin of 21.68% and a return on equity of 26.14%. sell-side analysts forecast that Nova Measuring Instruments will post 1.79 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its position in Nova Measuring Instruments by 1.2% during the second quarter. Renaissance Technologies LLC now owns 2,194,700 shares of the semiconductor company’s stock valued at $48,481,000 after buying an additional 26,100 shares during the period. Acadian Asset Management LLC lifted its position in Nova Measuring Instruments by 9.2% during the fourth quarter. Acadian Asset Management LLC now owns 1,069,975 shares of the semiconductor company’s stock valued at $27,722,000 after buying an additional 89,924 shares during the period. Menora Mivtachim Holdings LTD. lifted its position in Nova Measuring Instruments by 22.4% during the third quarter. Menora Mivtachim Holdings LTD. now owns 892,831 shares of the semiconductor company’s stock valued at $25,097,000 after buying an additional 163,538 shares during the period. Vanguard Group Inc. raised its position in shares of Nova Measuring Instruments by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 516,856 shares of the semiconductor company’s stock worth $11,417,000 after purchasing an additional 40,410 shares during the last quarter. Finally, EAM Investors LLC raised its position in shares of Nova Measuring Instruments by 70.4% in the 3rd quarter. EAM Investors LLC now owns 190,135 shares of the semiconductor company’s stock worth $5,345,000 after purchasing an additional 78,523 shares during the last quarter. 37.25% of the stock is owned by institutional investors and hedge funds.

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Nova Measuring Instruments Company Profile

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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