BidaskClub lowered shares of Nova Measuring Instruments (NASDAQ:NVMI) from a sell rating to a strong sell rating in a report issued on Tuesday.

Several other brokerages have also commented on NVMI. ValuEngine raised Nova Measuring Instruments from a hold rating to a buy rating in a research report on Monday, June 11th. Needham & Company LLC raised their price objective on Nova Measuring Instruments from $32.00 to $34.00 and gave the company a buy rating in a research report on Friday, June 15th. Benchmark reissued a buy rating and set a $35.00 price objective on shares of Nova Measuring Instruments in a research report on Friday, June 15th. Finally, Zacks Investment Research raised Nova Measuring Instruments from a hold rating to a buy rating and set a $31.00 price objective for the company in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Nova Measuring Instruments currently has a consensus rating of Buy and an average target price of $33.00.

NASDAQ:NVMI opened at $26.51 on Tuesday. The firm has a market capitalization of $729.54 million, a P/E ratio of 14.61 and a beta of 0.84. Nova Measuring Instruments has a twelve month low of $23.38 and a twelve month high of $32.00.

Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings data on Wednesday, August 1st. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $61.89 million during the quarter, compared to analyst estimates of $60.25 million. Nova Measuring Instruments had a return on equity of 21.94% and a net margin of 19.35%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. equities analysts expect that Nova Measuring Instruments will post 1.81 EPS for the current year.

A number of institutional investors have recently made changes to their positions in NVMI. JPMorgan Chase & Co. purchased a new position in Nova Measuring Instruments during the first quarter valued at $143,000. Optimum Investment Advisors purchased a new position in shares of Nova Measuring Instruments in the 1st quarter worth about $163,000. Tower Research Capital LLC TRC raised its position in shares of Nova Measuring Instruments by 2,999.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,198 shares of the semiconductor company’s stock worth $169,000 after purchasing an additional 5,998 shares during the last quarter. Smith Asset Management Group LP raised its position in shares of Nova Measuring Instruments by 144.6% in the 2nd quarter. Smith Asset Management Group LP now owns 8,694 shares of the semiconductor company’s stock worth $237,000 after purchasing an additional 5,140 shares during the last quarter. Finally, Element Capital Management LLC purchased a new position in shares of Nova Measuring Instruments in the 1st quarter worth about $275,000. 45.99% of the stock is owned by institutional investors and hedge funds.

About Nova Measuring Instruments

Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. 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.

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