NASDAQ:NVMINova Measuring Instruments Stock Price, Forecast & News

Nova Measuring Instruments' stock was trading at $33.14 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NVMI stock has 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.
View our earnings forecast for Nova Measuring Instruments.

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) released its quarterly earnings results on Tuesday, August, 4th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 17.16% and a return on equity of 15.12%. The company's revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share.
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 (EPS) guidance of $0.34-0.47 for the period, compared to the Thomson Reuters consensus EPS 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' share price to reach $54.25 in the next year. This suggests that the stock has a possible downside of 1.3%.
View analysts' price targets for Nova Measuring Instruments.

Media coverage about NVMI stock has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Nova Measuring Instruments earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near future.
View the latest news about Nova Measuring Instruments.

Nova Measuring Instruments saw a drop in short interest in June. As of June 30th, there was short interest totaling 203,600 shares, a drop of 13.0% from the June 15th total of 233,900 shares. Based on an average trading 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 retail and institutional investors. Top institutional shareholders 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]