Rating to Follow: Nova Measuring Instruments Ltd (NASDAQ:NVMI) Is Reaching An Inflection Point; Benchmark Starts At “Buy” with $18.50 target

November 30, 2016 - By Linda Rogers

Rating to Follow: Nova Measuring Instruments Ltd (NASDAQ:NVMI) Is Reaching An Inflection Point; Benchmark Starts At

Why Benchmark Gives Nova Measuring Instruments Ltd (NASDAQ:NVMI) $18.50 Price Target

Benchmark sent to clients and investors in a recent research note that it began coverage on Nova Measuring Instruments Ltd (NASDAQ:NVMI) stock, with a “Buy” rating and a $18.50 price target.

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) Ratings Coverage

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 10.06% above today’s ($12.72) stock price. Nova Measuring has been the topic of 4 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained Nova Measuring Instruments Ltd. (NASDAQ:NVMI) rating on Wednesday, July 29. Canaccord Genuity has “Buy” rating and $14 price target. The stock of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) earned “Buy” rating by Needham on Friday, October 9.

About 119,246 shares traded hands or 312.72% up from the average. 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 $8.76M for 9.94 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 2016 Q2. Its up 0.83, from 1.31 in 2016Q1. The ratio increased, 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.

Acadian Asset Management Ltd Liability Com holds 0.01% or 200,867 shares in its portfolio. Menora Mivtachim Hldgs reported 549,784 shares or 0.34% of all its holdings. Moreover, Ladenburg Thalmann Fincl has 0% invested in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) for 100 shares. Oppenheimer &, a New York-based fund reported 101,270 shares. Sensato Investors Ltd Com holds 0.16% or 89,322 shares in its portfolio. Moreover, Clal Holdings has 0.24% invested in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) for 861,753 shares. Needham Investment Mgmt Ltd Com holds 601,150 shares or 1.82% of its portfolio. Geode Llc, a Massachusetts-based fund reported 15,761 shares. Tower Research Ltd Liability Corporation (Trc) holds 0% of its portfolio in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) for 442 shares. Jpmorgan Chase & reported 1,390 shares or 0% of all its holdings. Spark Ltd Company accumulated 0.02% or 22,700 shares. Kennedy has 0.11% invested in the company for 506,663 shares. Seizert Prtnrs Limited Liability Com has 313,153 shares for 0.13% of their US portfolio. Eagle Glob Ltd Liability reported 34,000 shares or 0.01% of all its holdings. Moreover, Vanguard has 0% invested in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) for 454,631 shares.

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 $348.18 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 54.62 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.”

NVMI Company Profile

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.

Another recent and important Nova Measuring Instruments Ltd. (NASDAQ:NVMI) news was published by Prnewswire.com which published an article titled: “ReVera announces it will be acquired by Nova Measuring Instruments Ltd.” on March 12, 2015.

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