Nova Measuring Instruments Ltd. (NASDAQ:NVMI) saw a large growth in short interest in June. As of June 30th, there was short interest totalling 250,100 shares, a growth of 48.3% from the May 30th total of 168,700 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 109,100 shares, the days-to-cover ratio is presently 2.3 days.
NVMI stock traded down $0.09 during midday trading on Friday, hitting $25.02. The company’s stock had a trading volume of 65,683 shares, compared to its average volume of 198,299. Nova Measuring Instruments has a 12 month low of $20.83 and a 12 month high of $30.46. The company has a market capitalization of $702.20 million, a price-to-earnings ratio of 12.77 and a beta of 1.09. The business has a 50 day moving average price of $25.76.
Nova Measuring Instruments (NASDAQ:NVMI) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. Nova Measuring Instruments had a return on equity of 18.70% and a net margin of 19.60%. The business had revenue of $56.66 million during the quarter, compared to the consensus estimate of $55.25 million. During the same period in the prior year, the company posted $0.54 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. Research analysts anticipate that Nova Measuring Instruments will post 1.13 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on NVMI shares. Lake Street Capital set a $75.00 target price on shares of SurModics and gave the stock a “buy” rating in a report on Thursday, May 2nd. Needham & Company LLC started coverage on shares of Nova Measuring Instruments in a report on Tuesday, April 16th. They issued a “buy” rating and a $33.00 target price for the company. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd. Finally, ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.25.
Hedge funds have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. increased its position in Nova Measuring Instruments by 16.4% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 40,148 shares of the semiconductor company’s stock valued at $908,000 after acquiring an additional 5,648 shares during the period. QS Investors LLC boosted its stake in shares of Nova Measuring Instruments by 1.1% in the 4th quarter. QS Investors LLC now owns 113,593 shares of the semiconductor company’s stock valued at $2,588,000 after purchasing an additional 1,200 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Nova Measuring Instruments by 10.0% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 879,348 shares of the semiconductor company’s stock valued at $20,032,000 after purchasing an additional 80,000 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Nova Measuring Instruments in the 4th quarter valued at $385,000. Finally, Jane Street Group LLC boosted its stake in shares of Nova Measuring Instruments by 702.6% in the 4th quarter. Jane Street Group LLC now owns 146,932 shares of the semiconductor company’s stock valued at $3,347,000 after purchasing an additional 128,626 shares during the last quarter. Institutional investors and hedge funds own 52.07% of the company’s stock.
Nova Measuring Instruments Company Profile
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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