Menora Mivtachim Holdings LTD. increased its stake in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 14.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 686,414 shares of the semiconductor company’s stock after buying an additional 86,630 shares during the period. Menora Mivtachim Holdings LTD. owned about 2.50% of Nova Measuring Instruments worth $12,760,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of NVMI. State of New Jersey Common Pension Fund D bought a new position in Nova Measuring Instruments during the third quarter valued at $119,000. Fortaleza Asset Management Inc. bought a new position in Nova Measuring Instruments during the fourth quarter valued at $132,000. Perritt Capital Management Inc. bought a new position in Nova Measuring Instruments during the fourth quarter valued at $142,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Nova Measuring Instruments during the first quarter valued at $340,000. Finally, State of Tennessee Treasury Department bought a new position in Nova Measuring Instruments during the first quarter valued at $344,000. 34.35% of the stock is currently owned by hedge funds and other institutional investors.
Nova Measuring Instruments Ltd. (NASDAQ:NVMI) traded up 1.94% on Friday, hitting $24.74. The company had a trading volume of 288,306 shares. The stock has a market capitalization of $679.51 million, a PE ratio of 34.03 and a beta of 1.07. The stock has a 50 day moving average of $20.10 and a 200-day moving average of $16.07. Nova Measuring Instruments Ltd. has a one year low of $10.67 and a one year high of $26.22.
Nova Measuring Instruments (NASDAQ:NVMI) last posted its earnings results on Tuesday, May 9th. The semiconductor company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.10. Nova Measuring Instruments had a return on equity of 13.22% and a net margin of 4.19%. The company had revenue of $54.40 million for the quarter, compared to analyst estimates of $52.30 million. During the same quarter last year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was up 59.5% on a year-over-year basis. Equities analysts anticipate that Nova Measuring Instruments Ltd. will post $1.62 EPS for the current year.
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Several research firms have weighed in on NVMI. Benchmark Co. boosted their price target on Nova Measuring Instruments from $18.50 to $20.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. Stifel Nicolaus lowered Nova Measuring Instruments from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research report on Monday, February 27th. They noted that the move was a valuation call. Needham & Company LLC boosted their price target on Nova Measuring Instruments from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, February 14th. Finally, Zacks Investment Research raised Nova Measuring Instruments from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research report on Tuesday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $22.00.
Nova Measuring Instruments Company Profile
Nova Measuring Instruments Ltd. provides metrology solutions for the semiconductor manufacturing industry. The Company offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its metrology systems measure various film thickness and composition properties, as well as critical-dimension (CD) variables during various front-end and back-end of line steps in the semiconductor wafer fabrication process.
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