Benchmark Co. analyst Mark Miller maintained a Buy rating on Nova Measuring (NASDAQ:NVMI) on Wednesday, setting a price target of $63, which is approximately 17.52% above the present share price of $53.61.
Miller expects Nova Measuring to post earnings per share (EPS) of $0.42 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Nova Measuring, with an average price target of $57.
The analysts price targets range from a high of $63 to a low of $48.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $61.02 million and a net profit of $12.88 million. The company's market cap is $1.56 billion.
According to TipRanks.com, Benchmark Co. analyst Mark Miller is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.6% and a 68.93% success rate.
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.