Nova (NVMI) Expected to Announce Quarterly Earnings on Thursday

Nova (NASDAQ:NVMI) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $1.82 per share and revenue of $186.49 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Nova Stock Up 2.9 %

NASDAQ:NVMI opened at $248.60 on Thursday. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 2.00 and a beta of 1.44. Nova has a 52 week low of $144.64 and a 52 week high of $266.13. The firm has a 50 day moving average of $211.84 and a 200 day moving average of $204.84.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NVMI shares. Benchmark raised their price objective on Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Nova in a report on Friday, November 8th. Cantor Fitzgerald began coverage on shares of Nova in a report on Monday, January 13th. They set an “overweight” rating and a $275.00 price objective on the stock. Finally, Citigroup upgraded shares of Nova from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $226.00 to $240.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $238.33.

Nova Company Profile

Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging.