EPS of $1.07 expected for Nova Measuring Instruments Ltd. (NASDAQ:NVMI) this quarter

Wall Street brokers expect Nova Measuring Instruments Ltd. (NASDAQ: NVMI – Get a rating) will show earnings per share of $1.07 for the current fiscal quarter, Zacks reports. Zero analysts provided earnings estimates for Nova Measuring Instruments, with the highest EPS estimate of $1.08 and the lowest estimate of $1.05. Nova Measuring Instruments reported earnings per share of $0.70 in the same quarter last year, suggesting a positive year-over-year growth rate of 52.9%. The company is expected to release its next earnings report on Thursday, May 5.

According to Zacks, analysts expect Nova Measuring Instruments to report annual earnings of $4.31 per share for the current fiscal year, with EPS estimates ranging from $4.20 to $4.42. For the next fiscal year, analysts expect the company to post earnings of $4.76 per share. Zacks earnings per share averages are an average based on a survey of sell-side research analysts who follow Nova Measuring Instruments.

Nova Measurement Instruments (NASDAQ: NVMI – Get a rating) last released its results on Thursday, February 24. The semiconductor company reported earnings per share of $1.08 for the quarter, beating the consensus estimate of $1.05 by $0.03. The company posted revenue of $121.52 million in the quarter, versus a consensus estimate of $118.28 million. Nova Measuring Instruments achieved a return on equity of 22.05% and a net margin of 22.79%. Nova Measuring Instruments’ revenues increased by 59.3% compared to the same quarter last year. During the same period of the previous year, the company posted EPS of $0.47.

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Several stock analysts have weighed in on the company. Bank of America raised its price target on Nova Measuring Instruments from $150.00 to $160.00 and gave the company a “buy” rating in a Monday, January 10 research report. Needham & Company LLC lowered its price target on Nova Measuring Instruments from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Friday. The benchmark raised its price target on Nova Measuring Instruments from $136.00 to $146.00 and gave the stock a “buy” rating in a Wednesday, November 17 research report. Citigroup lowered its price target on Nova Measuring Instruments from $146.00 to $142.00 and set a “buy” rating for the company in a research report on Friday. Ultimately, Zacks Investment Research downgraded Nova Measuring Instruments from a “strong buy” rating to a “hold” rating in a Wednesday, Jan. 5 research report. One analyst rated the stock with a hold rating and seven assigned the stock a buy rating. Based on data from MarketBeat, Nova Measuring Instruments currently has a consensus rating of “Buy” and an average price target of $132.63.

A number of institutional investors and hedge funds have recently changed their positions in NVMI. Meitav Dash Investments Ltd. increased its holdings in Nova Measuring Instruments by 34.0% in the second quarter. Meitav Dash Investments Ltd. now owns 585,849 shares of the semiconductor company valued at $60,212,000 after purchasing an additional 148,511 shares last quarter. BlackRock Inc. increased its holdings in Nova Measuring Instruments by 587.6% in the second quarter. BlackRock Inc. now owns 40,440 shares of the semiconductor company valued at $4,161,000 after buying an additional 34,559 shares last quarter. Vanguard Group Inc. increased its stake in Nova Measuring Instruments by 5.0% in the second quarter. Vanguard Group Inc. now owns 774,819 shares of the semiconductor company valued at $79,722,000 after buying an additional 37,090 shares last quarter. Geode Capital Management LLC increased its stake in Nova Measuring Instruments by 0.6% in the second quarter. Geode Capital Management LLC now owns 22,862 shares of the semiconductor company valued at $2,352,000 after buying 136 additional shares last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Nova Measuring Instruments by 1,028.5% in the second quarter. Goldman Sachs Group Inc. now owns 65,364 shares of the semiconductor company valued at $6,725,000 after buying an additional 59,572 shares last quarter. 68.11% of the shares are held by hedge funds and other institutional investors.

The NASDAQ NVMI traded at $3.66 during Friday’s trading, hitting $108.84. The stock recorded trading volume of 198,778 shares, compared to an average trading volume of 178,442 shares. The company has a market capitalization of $3.10 billion, a PE ratio of 38.06, a PEG ratio of 0.85 and a beta of 1.07. The company has a 50-day moving average price of $125.44 and a 200-day moving average price of $116.12. Nova Measuring Instruments has a 12-month low of $76.76 and a 12-month high of $149.15.

Company Profile Nova Measuring Instruments (Get a rating)

Nova Ltd. engages in providing metrology solutions for the semiconductor manufacturing industry. Its products and services include dimensional metrology, online materials metrology for semiconductor manufacturing and software modeling. The company was founded by Giora Dishon and Moshe Finarov in May 1993 and is headquartered in Rehovot, Israel.

Further reading

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