Nova Measuring Instruments Ltd. (NASDAQ:NVMI) has been given an average rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $32.00.

Several equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research cut shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus lifted their price objective 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. Benchmark reaffirmed a “buy” rating and set a $32.00 price objective on shares of Nova Measuring Instruments in a research report on Wednesday, January 17th. Finally, ValuEngine cut shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Monday, December 4th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Nova Measuring Instruments by 8.5% in the second quarter. Vanguard Group Inc. now owns 516,856 shares of the semiconductor company’s stock valued at $11,417,000 after acquiring an additional 40,410 shares during the last quarter. Citadel Advisors LLC lifted its position in Nova Measuring Instruments by 46.1% in the third quarter. Citadel Advisors LLC now owns 42,611 shares of the semiconductor company’s stock valued at $1,198,000 after acquiring an additional 13,449 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its position in Nova Measuring Instruments by 22.4% in the third quarter. Menora Mivtachim Holdings LTD. now owns 892,831 shares of the semiconductor company’s stock valued at $25,097,000 after acquiring an additional 163,538 shares during the last quarter. State of Tennessee Treasury Department lifted its position in Nova Measuring Instruments by 73.3% in the third quarter. State of Tennessee Treasury Department now owns 46,390 shares of the semiconductor company’s stock valued at $1,304,000 after acquiring an additional 19,621 shares during the last quarter. Finally, Insight Capital Research & Management Inc. lifted its position in Nova Measuring Instruments by 391.3% in the third quarter. Insight Capital Research & Management Inc. now owns 50,706 shares of the semiconductor company’s stock valued at $1,425,000 after acquiring an additional 40,386 shares during the last quarter. 37.74% of the stock is owned by hedge funds and other institutional investors.

Shares of Nova Measuring Instruments (NASDAQ:NVMI) opened at $25.54 on Friday. The stock has a market cap of $718.68, a price-to-earnings ratio of 15.57 and a beta of 0.77. Nova Measuring Instruments has a 1 year low of $15.23 and a 1 year high of $31.88.

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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.

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