Nova Measuring Instruments Ltd. (NASDAQ:NVMI) gapped up prior to trading on Monday . The stock had previously closed at $10.61, but opened at $11.05. Nova Measuring Instruments shares last traded at $11.63, with a volume of 49,477 shares changing hands.

A number of equities research analysts have recently weighed in on NVMI shares. Canaccord Genuity restated a “buy” rating on shares of Nova Measuring Instruments in a report on Monday. Needham & Company LLC restated a “buy” rating on shares of Nova Measuring Instruments in a report on Saturday, June 25th. Finally, Zacks Investment Research lowered shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th.

The company has a 50 day moving average of $11.42 and a 200 day moving average of $10.59. The company has a market cap of $313.72 million and a PE ratio of 20.30.

Nova Measuring Instruments (NASDAQ:NVMI) last released its earnings results on Wednesday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company earned $34.10 million during the quarter, compared to analysts’ expectations of $35.38 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Nova Measuring Instruments’s revenue for the quarter was up 24.0% compared to the same quarter last year. Equities research analysts predict that Nova Measuring Instruments Ltd. will post $0.73 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Nova Measuring Instruments stock. Royce & Associates LLC increased its stake in shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 19.7% during the fourth quarter, according to its most recent 13F filing with the 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 approximately 0.80% of Nova Measuring Instruments worth $2,134,000 at the end of the most recent reporting period.

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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