Needham & Company Maintains a 'Strong Buy' on Nova Measuring Instruments (NVMI); Adjusting Estimates in Conjunction With Our Updated Industry Outlook

July 7, 2011 8:19 AM EDT
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Price: $418.12 +1.61%

Rating Summary:
    11 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Strong Buy' on Nova Measuring Instruments (NASDAQ: NVMI), PT $16.

Needham analyst says, "We lower our 2011 revenue/non-GAAP EPS estimates to $112MM/$1.05, and our 2012 estimates to $120MM/$1.19. Our PT remains at $16, which translates to a 2012 P/E of 13.5X."

For more ratings news on Nova Measuring Instruments click here and for the rating history of Nova Measuring Instruments click here.

Shares of Nova Measuring Instruments closed at $10.53 yesterday.


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