Needham Notes that Semiconductor Equipment Recovery Is Boosting Nova Ltd. (NVMI)

TheFly reported connected January 20 that Needham upgraded NVMI from Hold to Buy with a $500 terms target. The steadfast noted that improving conditions successful the semiconductor instrumentality assemblage are expected to benefit NVMI and its peers, portion the company’s unsocial vulnerability to China’s representation wafer fabrication marketplace could thrust further outperformance this year. Recent commentary from the Needham Growth Conference highlighted beardown request trends crossed the industry.

Separately, earlier connected January 13, Bank of America raised its terms people connected Nova Ltd. (NASDAQ:NVMI) to $450 from $380 portion keeping a Buy rating. The steadfast noted a stronger multi-year request outlook for the semiconductor instrumentality sector, on with accrued lawsuit diversification and imaginable for higher escaped currency travel successful the upturn.

Nova Ltd. (NASDAQ:NVMI) is an Israel-based institution providing precocious metrology and process power solutions for semiconductor manufacturing, utilizing X-ray, optical technologies, and bundle to amended output and show for foundry, memory, and logic chipmakers.

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