Nova Measuring Instruments (NVMI) Upgraded at BidaskClub

BidaskClub upgraded shares of Nova Measuring Instruments (NASDAQ:NVMI) from a hold rating to a buy rating in a research note released on Wednesday morning.

Several other analysts also recently commented on the stock. Benchmark restated a buy rating and set a $35.00 price objective on shares of Nova Measuring Instruments in a research report on Monday, March 19th. Zacks Investment Research downgraded shares of Nova Measuring Instruments from a hold rating to a sell rating in a research report on Tuesday, February 20th. Needham & Company LLC restated a buy rating and set a $34.00 price objective (up from $32.00) on shares of Nova Measuring Instruments in a research report on Tuesday, February 13th. Finally, ValuEngine downgraded shares of Nova Measuring Instruments from a buy rating to a hold rating in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Nova Measuring Instruments has a consensus rating of Buy and a consensus target price of $34.00.

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NVMI stock opened at $27.41 on Wednesday. The firm has a market cap of $797.89, a P/E ratio of 16.71 and a beta of 0.75. Nova Measuring Instruments has a 52-week low of $16.68 and a 52-week high of $31.88.

Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.05. The firm had revenue of $57.40 million for the quarter, compared to the consensus estimate of $55.42 million. Nova Measuring Instruments had a net margin of 20.93% and a return on equity of 25.05%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. equities analysts expect that Nova Measuring Instruments will post 1.9 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Nova Measuring Instruments by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 516,856 shares of the semiconductor company’s stock valued at $11,417,000 after purchasing an additional 40,410 shares during the period. Citadel Advisors LLC increased its holdings in Nova Measuring Instruments by 46.1% in the 3rd quarter. Citadel Advisors LLC now owns 42,611 shares of the semiconductor company’s stock valued at $1,198,000 after acquiring an additional 13,449 shares during the last quarter. James Investment Research Inc. bought a new stake in Nova Measuring Instruments in the 4th quarter valued at $1,853,000. State of Tennessee Treasury Department increased its holdings in Nova Measuring Instruments by 73.3% in the 3rd quarter. State of Tennessee Treasury Department now owns 46,390 shares of the semiconductor company’s stock valued at $1,304,000 after acquiring an additional 19,621 shares during the last quarter. Finally, Insight Capital Research & Management Inc. increased its holdings in Nova Measuring Instruments by 391.3% in the 3rd quarter. Insight Capital Research & Management Inc. now owns 50,706 shares of the semiconductor company’s stock valued at $1,425,000 after acquiring an additional 40,386 shares during the last quarter. Hedge funds and other institutional investors own 43.65% of the company’s stock.

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About Nova Measuring Instruments

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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