Nova Measuring Instruments Ltd. (NASDAQ:NVMI) reached a new 52-week high during trading on Tuesday . The company traded as high as $31.89 and last traded at $31.81, with a volume of 68846 shares. The stock had previously closed at $31.74.

A number of research analysts have recently commented on NVMI shares. Needham & Company LLC restated a “buy” rating and issued a $34.00 price target on shares of Nova Measuring Instruments in a report on Sunday, August 11th. BidaskClub upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. ValuEngine upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Finally, Zacks Investment Research upgraded shares of Nova Measuring Instruments from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Nova Measuring Instruments presently has a consensus rating of “Buy” and a consensus price target of $33.00.

The stock’s fifty day moving average price is $28.74 and its 200 day moving average price is $26.83. The stock has a market capitalization of $889.57 million, a P/E ratio of 16.23 and a beta of 1.04.

Nova Measuring Instruments (NASDAQ:NVMI) last posted its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.06. Nova Measuring Instruments had a net margin of 18.21% and a return on equity of 16.62%. The firm had revenue of $51.12 million for the quarter, compared to analysts’ expectations of $49.90 million. During the same period in the prior year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was down 17.4% on a year-over-year basis. As a group, sell-side analysts expect that Nova Measuring Instruments Ltd. will post 1.16 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in NVMI. Vaughan Nelson Investment Management L.P. purchased a new stake in Nova Measuring Instruments in the second quarter worth about $5,473,000. Royce & Associates LP lifted its stake in Nova Measuring Instruments by 19.4% in the first quarter. Royce & Associates LP now owns 560,304 shares of the semiconductor company’s stock worth $14,108,000 after acquiring an additional 91,200 shares during the period. Acadian Asset Management LLC lifted its stake in Nova Measuring Instruments by 8.3% in the first quarter. Acadian Asset Management LLC now owns 1,059,387 shares of the semiconductor company’s stock worth $26,674,000 after acquiring an additional 80,874 shares during the period. Renaissance Technologies LLC lifted its stake in Nova Measuring Instruments by 3.9% in the second quarter. Renaissance Technologies LLC now owns 2,086,200 shares of the semiconductor company’s stock worth $53,386,000 after acquiring an additional 78,900 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in Nova Measuring Instruments by 98.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 102,500 shares of the semiconductor company’s stock worth $2,623,000 after acquiring an additional 50,971 shares during the period. 56.55% of the stock is owned by institutional investors.

About Nova Measuring Instruments (NASDAQ:NVMI)

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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