Shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) gapped up prior to trading on Thursday . The stock had previously closed at $11.50, but opened at $11.55. Nova Measuring Instruments shares last traded at $11.70, with a volume of 34,531 shares.

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

The firm’s 50-day moving average price is $11.34 and its 200 day moving average price is $10.96. The firm has a market capitalization of $319.77 million and a price-to-earnings ratio of 19.65.

Nova Measuring Instruments (NASDAQ:NVMI) last posted its earnings results on Wednesday, August 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The business earned $35.60 million during the quarter, compared to the consensus estimate of $36.02 million. During the same quarter last year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was down 12.3% on a year-over-year basis. On average, analysts expect that Nova Measuring Instruments Ltd. will post $0.82 EPS for the current fiscal year.

A hedge fund recently raised its stake in Nova Measuring Instruments stock. Royce & Associates LLC boosted 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 Securities and Exchange Commission. The firm 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 as of its most recent filing with the SEC.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.