Nova Measuring Instruments (NVMI) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Nova Measuring Instruments (NASDAQ:NVMI) issued its quarterly earnings results on Tuesday. The semiconductor company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05, Morningstar.com reports. The company had revenue of $57.40 million during the quarter, compared to analyst estimates of $55.42 million. Nova Measuring Instruments had a net margin of 21.68% and a return on equity of 26.14%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. Nova Measuring Instruments updated its Q1 guidance to $0.34-0.45 EPS.

Nova Measuring Instruments (NASDAQ:NVMI) traded down $0.02 during trading on Tuesday, hitting $25.52. 460,500 shares of the stock were exchanged, compared to its average volume of 187,723. Nova Measuring Instruments has a fifty-two week low of $15.30 and a fifty-two week high of $31.88. The stock has a market capitalization of $710.74, a price-to-earnings ratio of 15.59 and a beta of 0.77.

Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research lowered shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Stifel Nicolaus boosted their price target on shares of Nova Measuring Instruments from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, October 16th. ValuEngine lowered shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Finally, Benchmark reaffirmed a “buy” rating and set a $32.00 target price on shares of Nova Measuring Instruments in a report on Wednesday, January 17th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.75.

Several institutional investors have recently added to or reduced their stakes in NVMI. Virtu KCG Holdings LLC purchased a new stake in shares of Nova Measuring Instruments during the second quarter worth $216,000. Nationwide Fund Advisors purchased a new stake in shares of Nova Measuring Instruments during the second quarter worth $216,000. ARK Investment Management LLC purchased a new stake in shares of Nova Measuring Instruments during the fourth quarter worth $220,000. Russell Investments Group Ltd. purchased a new stake in shares of Nova Measuring Instruments during the third quarter worth $237,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Nova Measuring Instruments during the fourth quarter worth $272,000. 41.23% 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.

Earnings History for Nova Measuring Instruments (NASDAQ:NVMI)

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