Nova Measuring Instruments (NVMI) Rating Lowered to Buy at BidaskClub
BidaskClub downgraded shares of Nova Measuring Instruments (NASDAQ:NVMI) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.
Other analysts have also issued reports about the stock. ValuEngine lowered shares of Nova Measuring Instruments from a strong-buy rating to a buy rating in a research report on Monday, October 2nd. Needham & Company LLC reiterated a buy rating and set a $32.00 target price on shares of Nova Measuring Instruments in a research report on Friday, September 1st. Stifel Nicolaus lifted their target price on shares of Nova Measuring Instruments from $29.00 to $32.00 and gave the company a buy rating in a research report on Monday, October 16th. Finally, Zacks Investment Research lowered shares of Nova Measuring Instruments from a strong-buy rating to a hold rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $30.25.
Shares of Nova Measuring Instruments (NASDAQ:NVMI) opened at $26.40 on Friday. Nova Measuring Instruments has a 12-month low of $12.47 and a 12-month high of $31.88. The firm has a market cap of $728.74, a PE ratio of 14.66 and a beta of 0.84.
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.
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