Benchmark says Biden order bodes well for Nova Measuring, other semi suppliers » 09:3502/2402/24/21
NVMI, TSM, WDC, ONTO
Benchmark analyst Mark…
Benchmark analyst Mark Miller noted that press reports indicate that President Joe Biden is scheduled to sign an executive order aimed at addressing the global semiconductor chip shortage that will launch an immediate 100-day review of supply chains for four critical products, including semiconductor chips. The order - along with TSMC's (TSM) plans for a $12B fab in Arizona, Western Digital (WDC) and Kioxia's recently announced plans for a $9.45B fab in Japan and reports that Samsung is considering a $17B fab in Texas - all bode well for the future of Nova Measuring (NVMI), Onto Innovation (ONTO) and "all semiconductor equipment suppliers through next year," Miller tells investors in a research note. He has Buy ratings on Nova and Onto.
|Over a week ago|
Nova Measuring initiated with a Buy at BofA » 06:2302/2302/23/21
BofA analyst Jamie…
BofA analyst Jamie Zakalik initiated coverage of Nova Measuring with a Buy rating and $100 price target. The implied 31-times forward earnings multiple is warranted by the company's superior gross margins and "unique X-Ray thin-film metrology capabilities", the analyst tells investors in a research note, adding that she sees an "industry leading" 13% sales and 17% EPS CAGR from 2020-2023.
Nova Measuring initiated with a Buy at BofA » 06:0302/2302/23/21
BofA initiated coverage…
BofA initiated coverage of Nova Measuring with a Buy rating and $100 price target.
Nova Measuring price target raised to $95 from $68 at Lake Street » 08:5102/1902/19/21
Lake Street analyst…
Lake Street analyst Jaeson Schmidt raised the firm's price target on Nova Measuring to $95 from $68 and keeps a Buy rating on the shares, telling investors after the company's earnings report that he continues to be impressed with the momentum Nova is seeing and sees the company being "on a path to see consistent, strong top line growth and expanding earnings this year and next."
Nova Measuring price target raised to $97 from $90 at Citi » 06:2002/1902/19/21
Citi analyst Atif Malik…
Citi analyst Atif Malik raised the firm's price target on Nova Measuring to $97 from $90 and keeps a Buy rating on the shares following the company's results. Strong demand from three major customers including a leading foundry in Taiwan, a foundry in China, and a leading memory maker drove the strength in the December quarter, Malik tells investors in a research note.
Nova Measuring sees Q1 adjusted EPS 55c-66c, consensus 52c » 08:0402/1802/18/21
Sees Q1 revenue…
Sees Q1 revenue $76M-$83M, consensus $69.9M.
Nova Measuring reports Q4 adjusted EPS 55c, consensus 52c » 08:0302/1802/18/21
Reports Q4 revenue…
Reports Q4 revenue $76.3M, consensus $69.9M.
Fly Intel: Top five analyst initiations » 09:5602/0902/09/21
PLTK, DRVN, BBIO, NVMI, KRTX
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Playtika (PLTK) initiated with a Buy at Goldman Sachs, UBS and Stifel, initiated with an Outperform at Credit Suisse, initiated with an Overweight at Morgan Stanley and initiated with a Neutral at BofA and Citi. 2. Driven Brands (DRVN) initiated with an Outperform at Baird and William Blair, initiated with an Overweight at Piper Sandler, initiated with a Buy at BofA, initiated with a Neutral at Goldman Sachs and initiated with an Equal Weight at Morgan Stanley. 3. BridgeBio (BBIO) reinstated with a Buy at Goldman Sachs. 4. Nova Measuring (NVMI) initiated with a Buy at Citi. 5. Karuna Therapeutics (KRTX) initiated with an Outperform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Nova Measuring initiated with a Buy at Citi » 06:3302/0902/09/21
Citi analyst Atif Malik…
Citi analyst Atif Malik initiated coverage of Nova Measuring Instruments with a Buy rating and $90 price target. The analyst views Nova as a key beneficiary of both "logic node wars" and 3D devices secular themes. He expects the company's sales growth to outperform the process diagnostics control market over the next three years on increasing device complexity and metrology dimensional intensity.
|Over a month ago|
Nova Measuring receives multiple materials metrology orders » 07:1001/2801/28/21
Nova announced that it…
Nova announced that it received multiple orders from multiple leading Logic and Foundry customers for its most advanced materials metrology solutions. The recent wins mark Nova's increased penetration into the leading industry manufacturers and cement Nova's position as a materials metrology leader. The combined orders represent more than $23M in revenue. The recent orders are for Nova's VERAFLEX materials metrology platform, which provides breakthrough thin-film thickness and composition process control technology for both current and emerging process technology nodes. As part of these orders, Nova will also deliver its latest X-ray platform, Nova VERAFLEX IV, which offers substantial throughput improvement while maintaining precision performance, and extends the targeted production in-die application range.