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UPDATE: Stifel Nicolaus Initiates Nova Measuring Instruments with Buy, $11 PT on Semiconductor Outlook

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Stifel Nicolaus initiates its coverage on Nova Measuring Instruments (NASDAQ: NVMI) with a Buy rating and a price target of $11.

Stifel Nicolaus comments, "In our view, the company is well positioned to benefit from continued shrinks in the semiconductor industry and new manufacturing process changes. We believe these trends will increase the percentage of process control spend (rising from 12% to 15%-17% of wafer fab equipment-WFE) over the next several cycles."

NVMI closed at $8.23 on Monday.

Latest Ratings for NVMI

DateFirmActionFromTo
Jan 2014Stifel NicolausMaintainsBuy
May 2012Needham ResearchDowngradesStrong BuyBuy
May 2012SidotiInitiates Coverage onBuy

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Posted-In: Stifel NicolausAnalyst Color Price Target Initiation Intraday Update Analyst Ratings

 

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