Needham & Company Reiterates a 'Strong Buy' on Nova Measuring Instruments (NVMI); Beat and Raise on Accelerated Foundry Bookings
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Price: $420.79 +0.64%
Rating Summary:
11 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
11 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Needham & Company reiterates a 'Strong Buy' on Nova Measuring Instruments (NASDAQ: NVMI) price target raised from $10 to $12.
Analyst, Y. Edwin Mok, said, "NVMI reported better than expected 4Q11 results and provided higher guidance. The report confirmed its strong positions at foundries, especially at the leading-edge where customers are aggressively adding capacities. Longer-term, we continue to believe NVMI will substantially outperform the industry, driven by increased adoption of OCD technology at the leading-edge, the growing number of new applications and the growth potential of the new 3D packaging product."
"We raise our 2012 non-GAAP EPS (with stock comp expenses) to $0.62 and our 2013 to $0.86."
For an analyst ratings summary and ratings history on Nova Measuring Instruments click here. For more ratings news on Nova Measuring Instruments click here.
Shares of Nova Measuring Instruments closed at $8.58 yesterday.
Analyst, Y. Edwin Mok, said, "NVMI reported better than expected 4Q11 results and provided higher guidance. The report confirmed its strong positions at foundries, especially at the leading-edge where customers are aggressively adding capacities. Longer-term, we continue to believe NVMI will substantially outperform the industry, driven by increased adoption of OCD technology at the leading-edge, the growing number of new applications and the growth potential of the new 3D packaging product."
"We raise our 2012 non-GAAP EPS (with stock comp expenses) to $0.62 and our 2013 to $0.86."
For an analyst ratings summary and ratings history on Nova Measuring Instruments click here. For more ratings news on Nova Measuring Instruments click here.
Shares of Nova Measuring Instruments closed at $8.58 yesterday.
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