Nova Measuring Instruments (NVMI) Receiving Somewhat Positive Media Coverage, Study Finds
News coverage about Nova Measuring Instruments (NASDAQ:NVMI) has trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nova Measuring Instruments earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.7215449010691 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of analysts have recently weighed in on NVMI shares. Stifel Nicolaus raised shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating and upped their price target for the stock from $18.00 to $25.00 in a research note on Tuesday, May 9th. BidaskClub raised shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Needham & Company LLC upped their price target on shares of Nova Measuring Instruments from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. ValuEngine raised shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Nova Measuring Instruments from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.50.
Shares of Nova Measuring Instruments (NVMI) traded down 0.47% during mid-day trading on Thursday, hitting $23.50. 46,738 shares of the stock were exchanged. The company’s 50-day moving average is $23.96 and its 200-day moving average is $21.25. The firm has a market cap of $649.89 million, a price-to-earnings ratio of 21.48 and a beta of 0.84. Nova Measuring Instruments has a 1-year low of $11.20 and a 1-year high of $28.41.
Nova Measuring Instruments (NASDAQ:NVMI) last released its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.12. Nova Measuring Instruments had a return on equity of 26.03% and a net margin of 14.79%. The company had revenue of $56.10 million during the quarter, compared to the consensus estimate of $54.48 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The firm’s revenue was up 57.6% compared to the same quarter last year. Equities research analysts anticipate that Nova Measuring Instruments will post $1.79 earnings per share for the current fiscal year.
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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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