NASDAQ:NVMINova Measuring Instruments Stock Price, Forecast & News

Nova Measuring Instruments' stock was trading at $33.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NVMI shares have increased by 65.8% and is now trading at $54.96.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nova Measuring Instruments in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Nova Measuring Instruments is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
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Nova Measuring Instruments Ltd. (NASDAQ:NVMI) issued its quarterly earnings data on Tuesday, August, 4th. The semiconductor company reported $0.48 EPS for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.04. The semiconductor company earned $62.60 million during the quarter, compared to analysts' expectations of $62.30 million. Nova Measuring Instruments had a return on equity of 15.12% and a net margin of 17.16%. The firm's quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS.
View Nova Measuring Instruments' earnings history.

Nova Measuring Instruments issued an update on its third quarter earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of $0.34-0.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.42. The company issued revenue guidance of $58-66 million, compared to the consensus revenue estimate of $61.85 million.

4 Wall Street analysts have issued 12 month price targets for Nova Measuring Instruments' shares. Their forecasts range from $46.00 to $63.00. On average, they expect Nova Measuring Instruments' stock price to reach $54.25 in the next twelve months. This suggests that the stock has a possible downside of 1.3%.
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Press coverage about NVMI stock has been trending negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Nova Measuring Instruments earned a coverage optimism score of -2.6 on InfoTrie's scale. They also gave news coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about Nova Measuring Instruments.

Nova Measuring Instruments saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 203,600 shares, a decrease of 13.0% from the June 15th total of 233,900 shares. Based on an average daily volume of 128,700 shares, the short-interest ratio is presently 1.6 days. Currently, 0.8% of the company's shares are short sold.
View Nova Measuring Instruments' Short Interest.

Some companies that are related to Nova Measuring Instruments include II-VI (IIVI), Topcon (TOPCF), Camtek (CAMT), CyberOptics (CYBE), Perceptron (PRCP), Optex Systems Hldg InCorp (OPXS) and ProPhotonix (STKR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Nova Measuring Instruments investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Intel (INTC), Applied Materials (AMAT), Starbucks (SBUX), Activision Blizzard (ATVI), Broadcom (AVGO), Walt Disney (DIS) and Skyworks Solutions (SWKS).

Nova Measuring Instruments trades on the NASDAQ under the ticker symbol "NVMI."

Nova Measuring Instruments' stock is owned by many different institutional and retail investors. Top institutional investors include Wasatch Advisors Inc. (6.23%), Harel Insurance Investments & Financial Services Ltd. (4.63%), Vanguard Group Inc. (2.63%), Ibex Investors LLC (1.42%), Meitav Dash Investments Ltd. (1.02%) and Phoenix Holdings Ltd. (0.91%).

NVMI stock was sold by a variety of institutional investors in the last quarter, including Meitav Dash Investments Ltd., Phoenix Holdings Ltd., Ibex Investors LLC, Thrivent Financial for Lutherans, Harel Insurance Investments & Financial Services Ltd., Russell Investments Group Ltd., Natixis Advisors L.P., and Axiom International Investors LLC DE.

NVMI stock was purchased by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., SG Americas Securities LLC, Navellier & Associates Inc, Trexquant Investment LP, Swiss National Bank, State of Tennessee Treasury Department, PDT Partners LLC, and Virtu Financial LLC.

Shares of NVMI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of NVMI stock can currently be purchased for approximately $54.96.

Nova Measuring Instruments has a market capitalization of $1.54 billion and generates $224.91 million in revenue each year. The semiconductor company earns $35.17 million in net income (profit) each year or $1.43 on an earnings per share basis. Nova Measuring Instruments employs 662 workers across the globe.

The official website for Nova Measuring Instruments is www.novami.com.

Nova Measuring Instruments' mailing address is 5 DAVID FIKES STREET P.O. BOX 266, REHOVOT L3, 7610201. The semiconductor company can be reached via phone at 972-73-229-5600 or via email at [email protected]