Zacks Investment Research downgraded shares of Nova Measuring Instruments (NASDAQ:NVMI) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “NOVA MEASURING develops, produces and markets monitoring and measurement systems for the semiconductor manufacturing industry. The company has pioneered the Integrated Metrology concept and is now expanding its activities by developing Integrated Monitoring and Process Control systems for CMP, CVD, Photolithography and Etch manufacturing processes. The company’s systems for CMP process control, delivering systems for CMP process control, delivering have measured more wafers than all other metrology companies combined. “

Several other equities research analysts also recently weighed in on NVMI. ValuEngine downgraded shares of Nova Measuring Instruments from a strong-buy rating to a buy rating in a research report on Monday, October 2nd. Stifel Nicolaus boosted their target price on shares of Nova Measuring Instruments from $29.00 to $32.00 and gave the stock a buy rating in a research report on Monday, October 16th. Needham & Company LLC reissued a buy rating and issued a $32.00 target price on shares of Nova Measuring Instruments in a research report on Thursday, October 19th. Finally, BidaskClub downgraded shares of Nova Measuring Instruments from a strong-buy rating to a buy rating in a research report on Saturday, December 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $30.25.

Shares of Nova Measuring Instruments (NASDAQ NVMI) opened at $28.22 on Wednesday. The firm has a market cap of $775.12, a PE ratio of 15.22 and a beta of 0.85. Nova Measuring Instruments has a 1 year low of $13.81 and a 1 year high of $31.88.

Several large investors have recently made changes to their positions in the stock. State Street Corp grew its position in shares of Nova Measuring Instruments by 1.6% during the 2nd quarter. State Street Corp now owns 13,816 shares of the semiconductor company’s stock valued at $305,000 after buying an additional 216 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of Nova Measuring Instruments by 8.4% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 27,591 shares of the semiconductor company’s stock valued at $633,000 after buying an additional 2,141 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Nova Measuring Instruments by 31.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,116 shares of the semiconductor company’s stock valued at $533,000 after buying an additional 5,838 shares during the last quarter. Navellier & Associates Inc grew its position in shares of Nova Measuring Instruments by 26.1% during the 2nd quarter. Navellier & Associates Inc now owns 29,166 shares of the semiconductor company’s stock valued at $644,000 after buying an additional 6,036 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Nova Measuring Instruments during the 2nd quarter valued at about $148,000. 37.25% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Lowers Nova Measuring Instruments (NVMI) to Hold” was first reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://www.dailypolitical.com/2018/01/06/zacks-investment-research-lowers-nova-measuring-instruments-nvmi-to-hold.html.

About Nova Measuring Instruments

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.

Get a free copy of the Zacks research report on Nova Measuring Instruments (NVMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Nova Measuring Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nova Measuring Instruments and related companies with MarketBeat.com's FREE daily email newsletter.