Nova Measuring Instruments (NASDAQ:NVMI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “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. “

A number of other analysts also recently issued reports on NVMI. ValuEngine downgraded Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus raised their price target on Nova Measuring Instruments from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Needham & Company LLC restated a “buy” rating and issued a $32.00 price target on shares of Nova Measuring Instruments in a research report on Thursday, October 19th. Finally, BidaskClub downgraded Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.25.

Nova Measuring Instruments (NASDAQ:NVMI) traded up $0.70 during mid-day trading on Wednesday, hitting $26.61. 136,200 shares of the company were exchanged, compared to its average volume of 121,050. Nova Measuring Instruments has a 1 year low of $13.04 and a 1 year high of $31.88. The stock has a market capitalization of $733.41, a price-to-earnings ratio of 16.23 and a beta of 0.85.

Large investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new stake in shares of Nova Measuring Instruments during the second quarter worth $148,000. Quantbot Technologies LP bought a new stake in shares of Nova Measuring Instruments during the second quarter worth $169,000. Russell Investments Group Ltd. bought a new stake in shares of Nova Measuring Instruments during the third quarter worth $237,000. Virtu KCG Holdings LLC bought a new stake in shares of Nova Measuring Instruments during the second quarter worth $216,000. Finally, Nationwide Fund Advisors bought a new stake in shares of Nova Measuring Instruments during the second quarter worth $216,000. Institutional investors and hedge funds own 37.25% of the company’s stock.

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About Nova Measuring Instruments

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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