Nova Measuring Instruments (NASDAQ:NVMI) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.34-0.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.40. The company issued revenue guidance of $54-60 million, compared to the consensus revenue estimate of $54.33 million.
Several analysts recently commented on the stock. BidaskClub downgraded shares of Nova Measuring Instruments from a buy rating to a hold rating in a report on Thursday, January 11th. Needham & Company LLC reaffirmed a buy rating and set a $32.00 target price on shares of Nova Measuring Instruments in a report on Thursday, October 19th. Benchmark reaffirmed a buy rating and set a $32.00 target price on shares of Nova Measuring Instruments in a report on Wednesday, January 17th. Stifel Nicolaus lifted their target price on shares of Nova Measuring Instruments from $29.00 to $32.00 and gave the stock a buy rating in a report on Monday, October 16th. Finally, Zacks Investment Research downgraded shares of Nova Measuring Instruments from a buy rating to a hold rating in a report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $32.75.
Shares of Nova Measuring Instruments (NVMI) opened at $25.52 on Tuesday. The stock has a market cap of $712.52, a PE ratio of 13.96 and a beta of 0.77. Nova Measuring Instruments has a twelve month low of $15.30 and a twelve month high of $31.88.
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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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