Benchmark Co. Believes NVMI Won’t Stop Here

By Ryan Adsit

Nova Measuring (NASDAQ: NVMI) received a Buy rating and a $18.50 price target from Benchmark Co. analyst Mark Miller today. The company’s shares closed yesterday at $12.68, close to its 52-week high of $12.76.

According to TipRanks.com, Miller is a 4-star analyst with an average return of 6.2% and a 64.3% success rate. Miller covers the Technology sector, focusing on stocks such as Hutchinson Technology Inc, Rofin-Sinar Technologies, and Axcelis Technologies.

Nova Measuring has an analyst consensus of Moderate Buy, with a price target consensus of $18.50.

Nova Measuring’s market cap is currently $344.7M and has a P/E ratio of 52.83. The company has a book value ratio of 2.0881.

Nova Measuring Instruments Ltd. develops, produces and markets optical metrology solutions comprised of integrated process control metrology systems and stand-alone metrology used in the manufacturing process of semiconductors. Its products include metrology systems for thin film measurement in chemical mechanical polishing and chemical vapor deposition applications; optical and metal line thickness systems for use in post-copper chemical mechanical polishing applications and optical critical dimension systems for lithography and etch applications. The company was founded by Giora Dishon and Moshe Finarov in May 1993 and is headquartered in Ness-Ziona, Israel.