Zacks Investment Research Lowers Nova Measuring Instruments Ltd. (NVMI) to Hold
According to Zacks, “NOVA MEASURING develops, produces and markets monitoring and measurement systems for the semiconductor manufacturing industry. The company has pioneered the Integrated Metrology concept and is now expanding its activities by developing Integrated Monitoring and Process Control systems for CMP, CVD, Photolithography and Etch manufacturing processes. The company’s systems for CMP process control, delivering systems for CMP process control, delivering have measured more wafers than all other metrology companies combined. “
NVMI has been the subject of several other reports. Needham & Company LLC restated a buy rating and set a $14.00 price objective on shares of Nova Measuring Instruments in a research report on Monday, August 22nd. Canaccord Genuity restated a buy rating on shares of Nova Measuring Instruments in a research report on Monday, July 11th.
Nova Measuring Instruments (NASDAQ:NVMI) traded up 2.13% during midday trading on Wednesday, hitting $11.97. The stock had a trading volume of 5,600 shares. The firm has a market cap of $324.65 million, a PE ratio of 19.95 and a beta of 1.52. The stock has a 50-day moving average price of $11.85 and a 200 day moving average price of $11.35. Nova Measuring Instruments has a one year low of $8.57 and a one year high of $12.26.
Nova Measuring Instruments (NASDAQ:NVMI) last issued its earnings results on Wednesday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Nova Measuring Instruments had a net margin of 11.10% and a return on equity of 11.58%. The business earned $35.60 million during the quarter, compared to the consensus estimate of $36.02 million. During the same period last year, the business posted $0.20 EPS. Nova Measuring Instruments’s revenue was down 12.3% on a year-over-year basis. On average, analysts predict that Nova Measuring Instruments will post $0.81 earnings per share for the current year.
A number of large investors have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. increased its stake in Nova Measuring Instruments by 24.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 12,550 shares of the company’s stock worth $130,000 after buying an additional 2,500 shares during the last quarter. Algert Global LLC increased its stake in Nova Measuring Instruments by 109.9% in the first quarter. Algert Global LLC now owns 22,935 shares of the company’s stock worth $239,000 after buying an additional 12,010 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Nova Measuring Instruments by 14.2% in the second quarter. PNC Financial Services Group Inc. now owns 27,891 shares of the company’s stock worth $305,000 after buying an additional 3,459 shares during the last quarter. Spark Investment Management LLC increased its stake in Nova Measuring Instruments by 21.6% in the first quarter. Spark Investment Management LLC now owns 33,200 shares of the company’s stock worth $345,000 after buying an additional 5,900 shares during the last quarter. Finally, Ativo Capital Management LLC increased its stake in Nova Measuring Instruments by 100.8% in the second quarter. Ativo Capital Management LLC now owns 74,336 shares of the company’s stock worth $813,000 after buying an additional 37,317 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.
Nova Measuring Instruments Company Profile
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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