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.
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.
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