ValuEngine upgraded shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) from a hold rating to a buy rating in a report released on Friday.

A number of other equities analysts have also recently commented on NVMI. Benchmark Co. lifted their price target on Nova Measuring Instruments from $20.00 to $22.00 and gave the stock a buy rating in a report on Wednesday, February 15th. Needham & Company LLC lifted their price target on Nova Measuring Instruments from $18.00 to $22.00 and gave the stock a buy rating in a report on Tuesday, February 14th. Stifel Nicolaus cut Nova Measuring Instruments from a buy rating to a hold rating and set a $18.00 price target for the company. in a report on Monday, February 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Nova Measuring Instruments from a hold rating to a strong-buy rating and set a $27.00 price target for the company in a report on Tuesday, May 16th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Nova Measuring Instruments has an average rating of Buy and an average target price of $22.00.

Nova Measuring Instruments (NASDAQ NVMI) traded down 1.89% during trading on Friday, hitting $26.97. The company had a trading volume of 275,339 shares. The stock has a 50-day moving average of $22.73 and a 200-day moving average of $17.32. The stock has a market capitalization of $740.76 million, a PE ratio of 37.10 and a beta of 1.07. Nova Measuring Instruments has a one year low of $10.67 and a one year high of $28.41.

Nova Measuring Instruments (NASDAQ:NVMI) last posted its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Nova Measuring Instruments had a return on equity of 13.22% and a net margin of 4.19%. The business had revenue of $54.40 million during the quarter, compared to analysts’ expectations of $52.30 million. During the same quarter last year, the company posted $0.16 earnings per share. Nova Measuring Instruments’s quarterly revenue was up 59.5% on a year-over-year basis. On average, equities analysts anticipate that Nova Measuring Instruments will post $1.62 EPS for the current year.

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Institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its position in Nova Measuring Instruments by 11.1% in the first quarter. UBS Group AG now owns 6,389 shares of the semiconductor company’s stock worth $118,000 after buying an additional 638 shares during the last quarter. FNY Partners Fund LP purchased a new stake in shares of Nova Measuring Instruments during the first quarter worth about $120,000. Fortaleza Asset Management Inc. purchased a new stake in shares of Nova Measuring Instruments during the fourth quarter worth about $132,000. Perritt Capital Management Inc. purchased a new stake in shares of Nova Measuring Instruments during the fourth quarter worth about $142,000. Finally, Geode Capital Management LLC boosted its stake in shares of Nova Measuring Instruments by 3.1% in the first quarter. Geode Capital Management LLC now owns 15,972 shares of the semiconductor company’s stock worth $296,000 after buying an additional 486 shares in the last quarter. Institutional investors and hedge funds own 34.35% of the company’s stock.

Nova Measuring Instruments Company Profile

Nova Measuring Instruments Ltd. provides metrology solutions for the semiconductor manufacturing industry. The Company offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its metrology systems measure various film thickness and composition properties, as well as critical-dimension (CD) variables during various front-end and back-end of line steps in the semiconductor wafer fabrication process.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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