ValuEngine Lowers Nova Measuring Instruments (NVMI) to Hold
Nova Measuring Instruments (NASDAQ:NVMI) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
A number of other equities research analysts have also recently commented on the company. BidaskClub cut Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 price target on shares of Nova Measuring Instruments in a research note on Thursday, October 19th. Zacks Investment Research upgraded Nova Measuring Instruments from a “hold” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Wednesday, October 18th. Finally, Stifel Nicolaus increased their price target on Nova Measuring Instruments from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.25.
Nova Measuring Instruments (NASDAQ:NVMI) traded down $0.73 during trading on Monday, reaching $26.09. The company’s stock had a trading volume of 408,843 shares, compared to its average volume of 249,989. Nova Measuring Instruments has a 52 week low of $12.47 and a 52 week high of $31.88. The stock has a market capitalization of $746.46, a PE ratio of 14.66 and a beta of 0.84.
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Nova Measuring Instruments Company Profile
Nova Measuring Instruments Ltd. provides metrology solutions for the semiconductor manufacturing industry. The Company offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its 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.
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