Shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price target of $17.25 for the company and are expecting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also given Nova Measuring Instruments an industry rank of 178 out of 265 based on the ratings given to related companies.

Several equities research analysts recently weighed in on NVMI shares. Zacks Investment Research lowered Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Benchmark Co. started coverage on Nova Measuring Instruments in a research report on Wednesday, November 30th. They set a “buy” rating and a $18.50 price target on the stock.

A number of large investors have recently added to or reduced their stakes in NVMI. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Nova Measuring Instruments during the second quarter valued at approximately $13,286,000. 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 valued at $305,000 after buying an additional 3,459 shares during the period. Vanguard Group Inc. increased its stake in Nova Measuring Instruments by 21.8% in the second quarter. Vanguard Group Inc. now owns 454,631 shares of the company’s stock valued at $4,974,000 after buying an additional 81,376 shares during the period. Seizert Capital Partners LLC increased its stake in Nova Measuring Instruments by 1.8% in the second quarter. Seizert Capital Partners LLC now owns 313,153 shares of the company’s stock valued at $3,426,000 after buying an additional 5,512 shares during the period. Finally, Menora Mivtachim Holdings LTD. increased its stake in Nova Measuring Instruments by 93.2% in the second quarter. Menora Mivtachim Holdings LTD. now owns 549,784 shares of the company’s stock valued at $6,015,000 after buying an additional 265,209 shares during the period. 34.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nova Measuring Instruments (NASDAQ:NVMI) traded up 0.28% during midday trading on Friday, hitting $14.22. The stock had a trading volume of 6,069 shares. The stock’s 50-day moving average is $13.26 and its 200-day moving average is $12.09. The stock has a market cap of $386.34 million, a PE ratio of 59.75 and a beta of 1.12. Nova Measuring Instruments has a 12 month low of $8.57 and a 12 month high of $14.50.

Nova Measuring Instruments (NASDAQ:NVMI) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.09. Nova Measuring Instruments had a return on equity of 13.22% and a net margin of 4.19%. The company had revenue of $44.10 million for the quarter, compared to analyst estimates of $43.30 million. During the same period in the previous year, the company posted $0.23 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. Equities analysts anticipate that Nova Measuring Instruments will post $1.02 EPS for the current year.

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About Nova Measuring Instruments

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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