Nova Measuring Instruments (NASDAQ:NVMI) Stock Rating Upgraded by BidaskClub

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BidaskClub upgraded shares of Nova Measuring Instruments (NASDAQ:NVMI) from a hold rating to a buy rating in a report published on Friday morning, BidAskClub reports.

Several other research analysts have also weighed in on NVMI. ValuEngine upgraded Nova Measuring Instruments from a hold rating to a buy rating in a research report on Tuesday, July 23rd. Lake Street Capital reiterated a buy rating and issued a $30.00 price objective (up from $28.00) on shares of Nova Measuring Instruments in a research report on Thursday, May 2nd. Needham & Company LLC began coverage on Nova Measuring Instruments in a research report on Tuesday, April 16th. They issued a buy rating and a $33.00 price objective for the company. Finally, Zacks Investment Research upgraded Nova Measuring Instruments from a strong sell rating to a hold rating in a research report on Wednesday, July 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $32.25.

NVMI stock opened at $27.04 on Friday. The firm has a 50 day moving average of $26.38. The stock has a market capitalization of $792.53 million, a price-to-earnings ratio of 13.80 and a beta of 1.05. Nova Measuring Instruments has a 1 year low of $20.83 and a 1 year high of $30.46.

Institutional investors have recently modified their holdings of the stock. AlphaOne Investment Services LLC purchased a new position in Nova Measuring Instruments in the first quarter worth approximately $33,000. Financial Gravity Wealth Inc. purchased a new position in Nova Measuring Instruments in the second quarter worth approximately $40,000. Envestnet Asset Management Inc. purchased a new position in Nova Measuring Instruments in the second quarter worth approximately $204,000. Eagle Ridge Investment Management purchased a new position in Nova Measuring Instruments in the second quarter worth approximately $276,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Nova Measuring Instruments in the first quarter worth approximately $309,000. Institutional investors own 52.01% 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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