Nova Measuring Instruments Ltd. (NASDAQ:NVMI)’s share price reached a new 52-week high on Friday . The company traded as high as $11.98 and last traded at $11.90, with a volume of 43,130 shares traded. The stock had previously closed at $11.80.

A number of equities analysts have weighed in on NVMI shares. Canaccord Genuity reiterated a “buy” rating on shares of Nova Measuring Instruments in a research report on Monday, July 11th. Zacks Investment Research lowered shares of Nova Measuring Instruments from a “hold” rating to a “sell” rating in a research report on Thursday, May 12th. Finally, Needham & Company LLC restated a “buy” rating on shares of Nova Measuring Instruments in a research report on Saturday, June 25th.

The company has a market capitalization of $319.77 million and a PE ratio of 19.65. The firm has a 50-day moving average price of $11.34 and a 200 day moving average price of $10.96.

Nova Measuring Instruments (NASDAQ:NVMI) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The business had revenue of $35.60 million for the quarter, compared to analysts’ expectations of $36.02 million. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. Equities research analysts expect that Nova Measuring Instruments Ltd. will post $0.82 EPS for the current year.

A hedge fund recently raised its stake in Nova Measuring Instruments stock. Royce & Associates LLC raised its position in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,750 shares of the company’s stock after buying an additional 35,800 shares during the period. Royce & Associates LLC owned 0.80% of Nova Measuring Instruments worth $2,134,000 at the end of the most recent quarter.

Nova Measuring Instruments Ltd. designs, develops and produces integrated process control systems for use in the manufacture of semiconductors, also known as integrated circuits or chips. The Company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems that attach directly to wafer fabrication process equipment.

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