Nova Measuring Instruments (NASDAQ:NVMI) Downgraded by ValuEngine to “Hold”

ValuEngine cut shares of Nova Measuring Instruments (NASDAQ:NVMI) from a buy rating to a hold rating in a research note issued to investors on Monday, ValuEngine reports.

Several other equities analysts also recently commented on NVMI. Lake Street Capital set a $75.00 price objective on SurModics and gave the company a buy rating in a research report on Thursday, May 2nd. Needham & Company LLC initiated coverage on Nova Measuring Instruments in a research report on Tuesday, April 16th. They issued a buy rating and a $33.00 price objective on the stock. Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Finally, BidaskClub upgraded Zumiez from a sell rating to a hold rating in a research report on Saturday, June 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $32.25.

NASDAQ NVMI traded down $0.32 on Monday, hitting $25.11. 45,700 shares of the company traded hands, compared to its average volume of 98,595. The firm has a market cap of $711.15 million, a P/E ratio of 12.80 and a beta of 1.09. The business has a 50 day simple moving average of $25.78. Nova Measuring Instruments has a 52-week low of $20.83 and a 52-week high of $30.46.



Nova Measuring Instruments (NASDAQ:NVMI) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The company had revenue of $56.66 million for the quarter, compared to the consensus estimate of $55.25 million. Nova Measuring Instruments had a return on equity of 18.70% and a net margin of 19.60%. Nova Measuring Instruments’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. Research analysts forecast that Nova Measuring Instruments will post 1.13 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. AlphaOne Investment Services LLC bought a new stake in shares of Nova Measuring Instruments in the first quarter worth about $33,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Nova Measuring Instruments in the first quarter worth about $309,000. Millennium Management LLC bought a new stake in shares of Nova Measuring Instruments in the fourth quarter worth about $352,000. GHP Investment Advisors Inc. increased its holdings in shares of Nova Measuring Instruments by 42.7% in the first quarter. GHP Investment Advisors Inc. now owns 15,040 shares of the semiconductor company’s stock worth $379,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Nova Measuring Instruments in the fourth quarter worth about $385,000. Institutional investors and hedge funds own 52.07% of the company’s stock.

Nova Measuring Instruments Company Profile

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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