NVMI Declines 15% YTD: Should You Buy the Stock on the Dip Now?
Nova Ltd. (NVMI) shares have dropped 15.4%, outperforming the Zacks Computer and Technology sector’s fall of 22.4%.Strong demand in advanced packaging and materials metrology, both of which are key drivers of Nova’s long-term growth, have enabled NVMI to outperform its direct competitors in the semiconductor metrology space, such as Onto Innovation (ONTO) , Applied Materials (AMAT) and KLA Corp (KLAC) .Over the same time frame, shares of Onto Innovation, Applied Materials and KLA Corp have declined 49.3%, 3 ...