Benchmark Co. Maintains Their Buy Rating on Nova Measuring (NVMI)

By Ryan Adsit

In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Nova Measuring (NVMIResearch Report), with a price target of $35. The company’s shares closed yesterday at $24.21.

According to TipRanks.com, Miller is a top 100 analyst with an average return of 20.6% and a 66.0% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.

Currently, the analyst consensus on Nova Measuring is a Moderate Buy with an average price target of $35.

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Based on Nova Measuring’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $15.15 million. In comparison, last year the company had a net profit of $8.24 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.