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.

Several institutional investors have recently modified their holdings of NVMI. Menora Mivtachim Holdings LTD. boosted 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 buying an additional 163,538 shares in the last quarter. OxFORD Asset Management LLP acquired a new position in Nova Measuring Instruments in the second quarter valued at about $2,719,000. PDT Partners LLC acquired a new position in Nova Measuring Instruments in the second quarter valued at about $2,312,000. EAM Investors LLC boosted its position in Nova Measuring Instruments by 70.4% in the third 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. Finally, Delphi Management Inc. MA acquired a new position in Nova Measuring Instruments in the second quarter valued at about $1,614,000. Institutional investors and hedge funds own 33.70% of the company’s stock.

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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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