Nova Measuring Instruments’ (NVMI) Buy Rating Reiterated at Benchmark
Nova Measuring Instruments (NASDAQ:NVMI)‘s stock had its “buy” rating reissued by analysts at Benchmark in a report issued on Monday, The Fly reports. They presently have a $35.00 price target on the semiconductor company’s stock. Benchmark’s price objective indicates a potential upside of 22.33% from the stock’s previous close.
Several other research firms have also issued reports on NVMI. Zacks Investment Research lowered shares of Nova Measuring Instruments from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. BidaskClub lowered shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine lowered shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of Nova Measuring Instruments in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $34.00.
Nova Measuring Instruments stock opened at $28.61 on Monday. The company has a market cap of $798.17, a price-to-earnings ratio of 17.45 and a beta of 0.75. Nova Measuring Instruments has a 12-month low of $16.16 and a 12-month high of $31.88.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its holdings in Nova Measuring Instruments by 9.2% during the 4th quarter. Acadian Asset Management LLC now owns 1,069,975 shares of the semiconductor company’s stock valued at $27,722,000 after buying an additional 89,924 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Nova Measuring Instruments during the 4th quarter valued at about $24,791,000. Vanguard Group Inc. lifted its holdings in Nova Measuring Instruments by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 516,856 shares of the semiconductor company’s stock valued at $11,417,000 after buying an additional 40,410 shares in the last quarter. Delek Group Ltd. bought a new stake in Nova Measuring Instruments during the 4th quarter valued at about $7,463,000. Finally, EAM Investors LLC lifted its holdings in Nova Measuring Instruments by 70.4% during the 3rd quarter. EAM Investors LLC now owns 190,135 shares of the semiconductor company’s stock valued at $5,345,000 after buying an additional 78,523 shares in the last quarter. Institutional investors own 43.65% of the company’s stock.
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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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