Today’s Rating On Watch: Is Benchmark Positive For Nova Measuring (NVMI)?

November 30, 2016 - By Michael Collier

Today's Rating On Watch: Is Benchmark Positive For Nova Measuring (NVMI)?

Why Benchmark Gives Nova Measuring (NVMI) $18.5 Price Target

EU: Nova Measuring (NVMI) coverage was was initiated with a “Buy” rating and $18.5 price target at Benchmark. Benchmark’s target price per share means upside of 45.90% from the company’s current price.

About 5,000 shares traded hands. Nova Measuring Instruments Ltd. (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 EPS, up 68.42% or $0.13 from last year’s $0.19 per share. NVMI’s profit will be $8.75M for 9.92 P/E if the $0.32 EPS becomes a reality. After $0.32 actual EPS 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 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.

Mivtachim The Workers Social Insurance Fund Limited (Under Special Management) holds 0.07% of its portfolio in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) for 72,095 shares. Morgan Stanley reported 4,412 shares or 0% of all its holdings. Renaissance Technologies Ltd reported 1.93M shares or 0.04% of all its holdings. Kennedy Capital last reported 506,663 shares in the company. Vanguard Gru reported 454,631 shares or 0% of all its holdings. The Cayman Islands-based Ion Asset Mgmt Ltd has invested 0.89% in Nova Measuring Instruments Ltd. (NASDAQ:NVMI). Moreover, Ladenburg Thalmann Svcs Inc has 0% invested in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) for 100 shares. Menora Mivtachim Hldg Ltd holds 549,784 shares or 0.34% of its portfolio. Jpmorgan Chase, a New York-based fund reported 1,390 shares. Pnc Fincl Serv Inc last reported 27,891 shares in the company. Seizert Capital Prns Limited Liability Corporation, a Michigan-based fund reported 313,153 shares. Moreover, Ativo Capital Mngmt Ltd Liability Co has 0.2% invested in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) for 74,336 shares. Eagle Advsrs Lc holds 0.01% of its portfolio in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) for 34,000 shares. Wellington Management Group Llp reported 1.19 million shares or 0% of all its holdings. Deutsche Bancorporation Ag, a Germany-based fund reported 49,302 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 $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.”

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.

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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