Nova Measuring Instruments Ltd. (NASDAQ:NVMI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.63 and traded as high as $35.72. Nova Measuring Instruments shares last traded at $35.72, with a volume of 3,448 shares changing hands.
NVMI has been the topic of a number of research reports. ValuEngine cut Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and set a $34.00 price objective on shares of Nova Measuring Instruments in a report on Sunday, August 11th. Stifel Nicolaus raised their price objective on Nova Measuring Instruments from $33.00 to $35.00 and gave the company a “buy” rating in a report on Friday, September 27th. BidaskClub cut Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 21st. Finally, Lake Street Capital raised their price objective on Nova Measuring Instruments from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $36.20.
The stock has a 50 day simple moving average of $34.93 and a 200 day simple moving average of $29.63. The firm has a market capitalization of $1.01 billion, a PE ratio of 18.09 and a beta of 1.08.
Institutional investors have recently made changes to their positions in the business. US Bancorp DE increased its stake in Nova Measuring Instruments by 933.3% in the 2nd quarter. US Bancorp DE now owns 1,240 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 1,120 shares during the period. Truvestments Capital LLC grew its position in shares of Nova Measuring Instruments by 48.5% in the 3rd quarter. Truvestments Capital LLC now owns 995 shares of the semiconductor company’s stock worth $32,000 after buying an additional 325 shares during the last quarter. Financial Gravity Wealth Inc. bought a new stake in shares of Nova Measuring Instruments in the 2nd quarter worth approximately $40,000. Envestnet Asset Management Inc. bought a new stake in shares of Nova Measuring Instruments in the 2nd quarter worth approximately $204,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Nova Measuring Instruments in the 2nd quarter worth approximately $221,000. 62.24% of the stock is currently owned by institutional investors and hedge funds.
Nova Measuring Instruments Company Profile (NASDAQ:NVMI)
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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