Nova Measuring Instruments Ltd. (NVMI) is Initiated by The Benchmark Company to Buy, Price Target at $18.50

Nova Measuring Instruments Ltd. (NVMI) was Initiated by The Benchmark Company to “Buy” and the brokerage firm has set the Price Target at $18.50. The Benchmark Company advised their investors in a research report released on Nov 30, 2016.

On the company’s financial health, Nova Measuring Instruments Ltd. reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.26. The company had revenue of $44.10 million for the quarter, compared to analysts expectations of $43.30 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Nova Measuring Instruments Ltd. opened for trading at $12.5 and hit $12.7 on the upside on Tuesday, eventually ending the session at $12.68, with a gain of 2.01% or 0.25 points. The heightened volatility saw the trading volume jump to 17,431 shares. Company has a market cap of $344 M.

Nova Measuring Instruments Ltd. (Nova) is a designer developer and producer of optical process control solutions used in the manufacturing process of semiconductor integrated circuits. The Company offers in-line stand-alone metrology systems as well as integrated metrology units that attach directly to process equipment. The Company supplies metrology solutions to semiconductor manufacturers around the world. The Company’s products include metrology systems for thin film measurement in chemical mechanical polishing and chemical vapor deposition applications optical CD and metal line thickness (MLT) systems for use in post-copper chemical mechanical polishing applications and optical critical dimension systems for lithography and etch applications. Its products include NovaScan 2040 NovaScan 3090Next Nova T500 Nova i500 Nova T600 Nova V2600 TSV NovaMars Nova Hybrid Metrology solution Nova Fleet Management NovaNet and NovaHPC (High Power Computer).

Nova Measuring Instruments Ltd.

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