Nova Measuring Instruments Ltd. (NASDAQ:NVMI) had its price target upped by research analysts at Benchmark Co. from $20.00 to $22.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. Benchmark Co.’s target price points to a potential upside of 31.26% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC lifted their price objective on shares of Nova Measuring Instruments from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, January 4th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Nova Measuring Instruments currently has a consensus rating of “Buy” and a consensus target price of $18.75.

Shares of Nova Measuring Instruments (NASDAQ:NVMI) opened at 16.76 on Wednesday. The company has a market capitalization of $457.40 million, a PE ratio of 47.89 and a beta of 1.07. The firm’s 50-day moving average is $14.70 and its 200 day moving average is $12.83. Nova Measuring Instruments has a 52 week low of $9.85 and a 52 week high of $16.89.

Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings data on Tuesday, February 14th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Nova Measuring Instruments had a net margin of 4.19% and a return on equity of 13.22%. The company earned $50.20 million during the quarter, compared to the consensus estimate of $49.83 million. During the same quarter last year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 25.5% on a year-over-year basis. On average, analysts anticipate that Nova Measuring Instruments will post $1.21 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of NVMI. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Nova Measuring Instruments during the second quarter worth about $13,286,000. Seizert Capital Partners LLC boosted 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 worth $3,426,000 after buying an additional 5,512 shares in the last quarter. Menora Mivtachim Holdings LTD. boosted 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 worth $6,015,000 after buying an additional 265,209 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Nova Measuring Instruments during the third quarter worth about $119,000. Finally, Argent Capital Management LLC boosted its stake in Nova Measuring Instruments by 28.0% in the third quarter. Argent Capital Management LLC now owns 157,995 shares of the company’s stock worth $1,868,000 after buying an additional 34,600 shares in the last quarter. Institutional investors own 34.35% of the company’s stock.

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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