Nova Measuring Instruments Inc. (NASDAQ:NVMI) provides measuring equipment used in the manufacture of semiconductors. The company has a solid history of growth which is expected to slow in 2019 due to weak demand for semiconductors. The semiconductor industry is cyclical and demand is expected to recover in 2020. The stock is reasonably priced and would make a sound long-term investment for patient investors.
Financials
Nova is a profitable company operating with strong margins and low debt levels. Nova’s profit margin is 18% and its return on equity is 16%. The company’s total liabilities