Nova Measuring Instruments (NASDAQ:NVMI) posted its quarterly earnings results on Thursday. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.17, Briefing.com reports. The company had revenue of $52.51 million for the quarter, compared to the consensus estimate of $50.73 million. Nova Measuring Instruments had a return on equity of 16.62% and a net margin of 18.21%. The firm’s quarterly revenue was down 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. Nova Measuring Instruments updated its Q4 guidance to $0.40-0.50 EPS.
NVMI stock opened at $36.27 on Friday. Nova Measuring Instruments has a 12-month low of $21.15 and a 12-month high of $36.95. The stock’s 50 day simple moving average is $32.83 and its 200 day simple moving average is $28.64. The stock has a market capitalization of $983.15 million, a PE ratio of 18.51 and a beta of 1.07.
Several analysts recently weighed in on NVMI shares. Stifel Nicolaus upped their price target on Nova Measuring Instruments from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Lake Street Capital upped their price target on Nova Measuring Instruments from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. BidaskClub downgraded Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. ValuEngine downgraded Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Benchmark upped their price target on Nova Measuring Instruments from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.20.
Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. Its product portfolio includes integrated and stand-alone metrology platforms for dimensional, films, and material metrology measurements for process control across various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, and deposition.
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