Nova Measuring Instruments (NASDAQ:NVMI) Raised to “Hold” at BidaskClub

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Nova Measuring Instruments (NASDAQ:NVMI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday, BidAskClub reports.

A number of other equities research analysts also recently weighed in on the company. Needham & Company LLC started coverage on Nova Measuring Instruments in a research report on Tuesday, April 16th. They set a “buy” rating and a $33.00 target price for the company. Lake Street Capital set a $75.00 price objective on SurModics and gave the company a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, July 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.25.

Shares of Nova Measuring Instruments stock traded down $0.01 during trading on Friday, hitting $26.03. 92,700 shares of the stock traded hands, compared to its average volume of 97,357. The company has a market capitalization of $728.34 million, a PE ratio of 13.28 and a beta of 1.09. Nova Measuring Instruments has a twelve month low of $20.83 and a twelve month high of $30.46. The business’s fifty day moving average is $25.75.

Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The business had revenue of $56.66 million for the quarter, compared to analyst estimates of $55.25 million. Nova Measuring Instruments had a return on equity of 18.70% and a net margin of 19.60%. Nova Measuring Instruments’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. On average, analysts predict that Nova Measuring Instruments will post 1.13 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. AlphaOne Investment Services LLC bought a new stake in shares of Nova Measuring Instruments in the first quarter worth about $33,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Nova Measuring Instruments in the first quarter worth about $309,000. Millennium Management LLC bought a new stake in shares of Nova Measuring Instruments in the fourth quarter worth about $352,000. GHP Investment Advisors Inc. increased its holdings in shares of Nova Measuring Instruments by 42.7% in the first quarter. GHP Investment Advisors Inc. now owns 15,040 shares of the semiconductor company’s stock worth $379,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Nova Measuring Instruments in the fourth quarter worth about $385,000. Institutional investors own 52.07% 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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