Nova Measuring Instruments (NASDAQ:NVMI) Reaches New 1-Year High at $79.68


Share on StockTwits

Nova Measuring Instruments Ltd. (NASDAQ:NVMI)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $79.68 and last traded at $79.68, with a volume of 954 shares changing hands. The stock had previously closed at $76.99.

NVMI has been the topic of several recent research reports. Zacks Investment Research raised shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Thursday, December 24th. Benchmark upped their price target on shares of Nova Measuring Instruments from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. Finally, Needham & Company LLC upped their price target on shares of Nova Measuring Instruments from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, October 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $60.40.

The stock’s fifty day simple moving average is $69.83 and its 200 day simple moving average is $57.65. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 47.52 and a beta of 1.07.

Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings results on Thursday, November 12th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. The business had revenue of $69.50 million during the quarter, compared to the consensus estimate of $66.57 million. Nova Measuring Instruments had a net margin of 18.09% and a return on equity of 15.91%. The business’s revenue was up 32.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. As a group, equities research analysts expect that Nova Measuring Instruments Ltd. will post 1.83 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Founders Capital Management acquired a new stake in shares of Nova Measuring Instruments during the fourth quarter worth approximately $26,000. Voloridge Investment Management LLC bought a new position in Nova Measuring Instruments during the third quarter valued at approximately $571,000. Cubist Systematic Strategies LLC bought a new position in Nova Measuring Instruments during the third quarter valued at approximately $290,000. Morgan Stanley raised its position in Nova Measuring Instruments by 34.5% during the third quarter. Morgan Stanley now owns 214,845 shares of the semiconductor company’s stock valued at $11,202,000 after acquiring an additional 55,094 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in Nova Measuring Instruments by 24.0% during the third quarter. Segall Bryant & Hamill LLC now owns 14,672 shares of the semiconductor company’s stock valued at $774,000 after acquiring an additional 2,840 shares in the last quarter. 59.62% of the stock is currently owned by hedge funds and other institutional investors.

Nova Measuring Instruments Company Profile (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 for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, and deposition.

Recommended Story: Investing in Growth Stocks

Receive News & Ratings for Nova Measuring Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nova Measuring Instruments and related companies with MarketBeat.com's FREE daily email newsletter.