November 30, 2016 - By Marie Mckinney
Expert analysts at The Benchmark Company started coverage on shares of Nova Measuring (NASDAQ:NVMI) in a an analyst report revealed on Wednesday morning. The company set a “Buy” rating on the stock. The Benchmark Company’s PT of $18.50 suggests potential of 45.67% from the stock’s current stock price.
Out of 2 analysts covering Nova Measuring (NASDAQ:NVMI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $14 is the highest target while $13 is the lowest. The $14 average target is 10.24% above today’s ($12.7) stock price. Nova Measuring has been the topic of 4 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, July 29. Needham maintained Nova Measuring Instruments Ltd. (NASDAQ:NVMI) on Friday, October 9 with “Buy” rating.
About 5,000 shares traded hands. Nova Measuring Instruments Ltd. (NASDAQ:NVMI) has risen 14.96% since April 27, 2016 and is uptrending. It has outperformed by 9.73% the S&P500.
Analysts await Nova Measuring Instruments Ltd. (NASDAQ:NVMI) to report earnings on February, 15. They expect $0.32 earnings per share, up 68.42% or $0.13 from last year’s $0.19 per share. NVMI’s profit will be $8.75 million for 9.92 P/E if the $0.32 EPS becomes a reality. After $0.32 actual earnings per share reported by Nova Measuring Instruments Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Insitutional Activity: The institutional sentiment increased to 2.14 in Q2 2016. Its up 0.83, from 1.31 in 2016Q1. The ratio is positive, as 5 funds sold all Nova Measuring Instruments Ltd. shares owned while 8 reduced positions. 5 funds bought stakes while 12 increased positions. They now own 7.93 million shares or 5.11% more from 7.54 million shares in 2016Q1.
Morgan Stanley has invested 0% of its portfolio in Nova Measuring Instruments Ltd. (NASDAQ:NVMI). Acadian Asset Management Ltd Liability has 0.01% invested in the company for 200,867 shares. Mivtachim The Workers Social Insurance Fund (Under Special Management) owns 72,095 shares or 0.07% of their US portfolio. Moreover, Argent Mngmt Limited Liability Corporation has 0.06% invested in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) for 123,395 shares. Clal Insur Holding Limited reported 861,753 shares or 0.24% of all its holdings. Needham Invest Management Ltd last reported 601,150 shares in the company. Walleye Trading Ltd, a Minnesota-based fund reported 400 shares. Seizert Prtnrs Limited Liability Corp, a Michigan-based fund reported 313,153 shares. Tanaka Cap Mgmt reported 1,595 shares or 0.04% of all its holdings. Ativo Management Limited Liability has 74,336 shares for 0.2% of their US portfolio. Ion Asset Ltd holds 0.89% or 173,524 shares in its portfolio. Wellington Management Grp Incorporated Ltd Liability Partnership last reported 1.19M shares in the company. Tower Rech Cap Ltd Liability Corp (Trc) has 442 shares for 0% of their US portfolio. Kennedy Capital Management Inc has 0.11% invested in the company for 506,663 shares. Ladenburg Thalmann last reported 0% of its portfolio in the stock.
Nova Measuring Instruments Ltd. designs, develops and produces integrated process control systems for use in the manufacture of semiconductors, also known as integrated circuits or chips. The company has a market cap of $347.11 million. The Firm offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems that attach directly to wafer fabrication process equipment. It has a 54.45 P/E ratio. The Company’s products include metrology platforms for dimensional, films and material metrology measurements for process control across multiple semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization and deposition.
According to Zacks Investment Research, “NOVA MEASURING develops, produces and markets monitoring and measurement systems for the semiconductor manufacturing industry. The company has pioneered the Integrated Metrology concept and is now expanding its activities by developing Integrated Monitoring and Process Control systems for CMP, CVD, Photolithography and Etch manufacturing processes. The company’s systems for CMP process control, delivering systems for CMP process control, delivering have measured more wafers than all other metrology companies combined.”
Nova Measuring Instruments Ltd., incorporated in May 1993, designs, develops and produces integrated process control systems for use in the manufacture of semiconductors, also known as integrated circuits or chips. The Firm offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems that attach directly to wafer fabrication process equipment. The Company’s 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. The Firm supplies metrology solutions to semiconductor manufacturers around the world. The Company’s products include metrology platforms for dimensional, films and material metrology measurements for process control across multiple semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization (CMP) and deposition. The Company’s products include NovaScan 2040, NovaScan 3090Next, Nova T500, Nova i500, Nova T600, Nova V2600 TSV, HelioSense100, NovaMars, Nova Hybrid Metrology solution, Nova Fleet Management, NovaHPC (High Power Computer), VeraFlex II, VeraFlex III XF and QED.
More news for Nova Measuring Instruments Ltd. (NASDAQ:NVMI) were recently published by: Prnewswire.com, which released: “ReVera announces it will be acquired by Nova Measuring Instruments Ltd.” on March 12, 2015. Seekingalpha.com‘s article titled: “Nova Measuring Instruments’ (NVMI) CEO Eitan Oppenhaim on Q3 2016 Results …” and published on November 02, 2016 is yet another important article.
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