Nova (NVMI) Expected to Announce Quarterly Earnings on Thursday

Nova (NASDAQ:NVMI - Get Free Report) is expected to be announcing its earnings results 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. Investors that are interested in registering for the company's conference call can do so using this link.

Nova Trading Down 0.9 %

Shares of Nova stock traded down $2.39 on Friday, hitting $251.37. 240,762 shares of the company traded hands, compared to its average volume of 206,255. Nova has a 52 week low of $147.79 and a 52 week high of $266.13. The company has a market cap of $7.30 billion, a PE ratio of 46.90, a PEG ratio of 2.07 and a beta of 1.44. The stock's 50 day moving average price is $216.35 and its 200-day moving average price is $205.66.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NVMI shares. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a report on Friday, November 8th. Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and increased their target price for the stock from $226.00 to $240.00 in a report on Monday, January 6th. Cantor Fitzgerald started coverage on shares of Nova in a report on Monday, January 13th. They issued an "overweight" rating and a $275.00 price target for the company. Finally, Benchmark lifted their price objective on shares of Nova from $240.00 to $245.00 and gave the company a "buy" rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $238.33.

About Nova

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.