BidaskClub lowered shares of Nova Measuring Instruments (NASDAQ:NVMI) from a strong-buy rating to a buy rating in a report released on Wednesday morning, BidAskClub reports.

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus cut Nova Measuring Instruments from a buy rating to a hold rating and set a $48.00 price objective for the company. in a report on Monday, June 22nd. Benchmark restated a buy rating on shares of Nova Measuring Instruments in a research report on Friday, May 15th. Needham & Company LLC raised their price objective on shares of Nova Measuring Instruments from $44.00 to $50.00 and gave the stock a buy rating in a research report on Friday, May 15th. Finally, Zacks Investment Research upgraded shares of Nova Measuring Instruments from a strong sell rating to a strong-buy rating and set a $53.00 price objective for the company in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Nova Measuring Instruments presently has an average rating of Buy and a consensus target price of $49.25.

NVMI stock opened at $48.65 on Wednesday. The company has a market cap of $1.37 billion, a P/E ratio of 35.51 and a beta of 1.18. Nova Measuring Instruments has a twelve month low of $24.81 and a twelve month high of $51.23. The business’s fifty day moving average is $47.36 and its 200-day moving average is $39.50.

Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.11. The company had revenue of $61.02 million during the quarter, compared to analysts’ expectations of $54.70 million. Nova Measuring Instruments had a return on equity of 14.28% and a net margin of 17.05%. Analysts predict that Nova Measuring Instruments will post 1.4 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Nova Measuring Instruments in the first quarter valued at approximately $158,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Nova Measuring Instruments by 12.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,982 shares of the semiconductor company’s stock valued at $165,000 after acquiring an additional 554 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Nova Measuring Instruments in the fourth quarter valued at approximately $232,000. Bank of America Corp DE increased its stake in Nova Measuring Instruments by 75.4% in the fourth quarter. Bank of America Corp DE now owns 7,011 shares of the semiconductor company’s stock valued at $265,000 after acquiring an additional 3,013 shares during the last quarter. Finally, Marshall Wace North America L.P. increased its stake in Nova Measuring Instruments by 45.2% in the fourth quarter. Marshall Wace North America L.P. now owns 7,478 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 2,329 shares during the last quarter. Institutional investors own 61.76% of the company’s stock.

About Nova Measuring Instruments

Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. Its product portfolio includes integrated and stand-alone metrology platforms for dimensional, films, and material metrology measurements for process control across various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, and deposition.

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