Needham & Company LLC restated their buy rating on shares of Nova Measuring Instruments (NASDAQ:NVMI) in a research note issued to investors on Tuesday. They currently have a $34.00 price target on the semiconductor company’s stock.

NVMI has been the topic of several other reports. Zacks Investment Research raised shares of Nova Measuring Instruments from a hold rating to a strong-buy rating and set a $35.00 target price on the stock in a research note on Wednesday, October 18th. BidaskClub downgraded shares of Nova Measuring Instruments from a strong-buy rating to a buy rating in a research note on Saturday, December 2nd. ValuEngine downgraded shares of Nova Measuring Instruments from a buy rating to a hold rating in a research note on Monday, December 4th. Stifel Nicolaus lifted their target price on shares of Nova Measuring Instruments from $29.00 to $32.00 and gave the stock a buy rating in a research note on Monday, October 16th. Finally, Benchmark reiterated a buy rating and issued a $32.00 price target on shares of Nova Measuring Instruments in a report on Wednesday, January 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Nova Measuring Instruments has an average rating of Buy and a consensus target price of $33.25.

Nova Measuring Instruments (NASDAQ:NVMI) opened at $25.33 on Tuesday. Nova Measuring Instruments has a one year low of $15.30 and a one year high of $31.88. The company has a market cap of $711.97, a price-to-earnings ratio of 13.94 and a beta of 0.77.

Nova Measuring Instruments (NASDAQ:NVMI) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. Nova Measuring Instruments had a net margin of 21.68% and a return on equity of 26.14%. The company had revenue of $57.40 million for the quarter, compared to the consensus estimate of $55.42 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. analysts predict that Nova Measuring Instruments will post 1.79 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in NVMI. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Nova Measuring Instruments in the fourth quarter valued at $24,791,000. Menora Mivtachim Holdings LTD. boosted its holdings 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 acquiring an additional 163,538 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Nova Measuring Instruments by 9.2% in the fourth quarter. Acadian Asset Management LLC now owns 1,069,975 shares of the semiconductor company’s stock valued at $27,722,000 after acquiring an additional 89,924 shares in the last quarter. EAM Investors LLC boosted its holdings 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 acquiring an additional 78,523 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in Nova Measuring Instruments in the fourth quarter valued at $1,853,000. Institutional investors and hedge funds own 41.23% 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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