Nova Measuring (NVMI) Gets a Buy from Needham

Needham analyst Quinn Bolton maintained a Buy rating on Nova Measuring (NVMIResearch Report) today and set a price target of $120.00. The company’s shares opened today at $89.93.

Bolton covers the Technology sector, focusing on stocks such as Intel, Semtech, and Navitas Semiconductor. According to TipRanks, Bolton has an average return of 39.2% and a 63.72% success rate on recommended stocks.

Nova Measuring has an analyst consensus of Strong Buy, with a price target consensus of $130.75, a 45.39% upside from current levels. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $140.00 price target.

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Based on Nova Measuring’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $141.63 million and a net profit of $34.88 million. In comparison, last year the company earned a revenue of $97.75 million and had a net profit of $22.92 million

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Nova Measuring Instruments Ltd. providing metrology solutions for the semiconductor manufacturing industry. It offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its products include set of in-situ, integrated and stand-alone metrology platforms suited for dimensional, films and material metrology measurements for process control across multiple semiconductor manufacturing process steps including lithography, Etch, CMP and deposition. The company was founded by Giora Dishon and Moshe Finarov in May 1993 and is headquartered in Ness-Ziona, Israel.

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