Kennedy Capital Management Inc. decreased its position in shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 346,835 shares of the semiconductor company’s stock after selling 3,876 shares during the period. Kennedy Capital Management Inc. owned 1.26% of Nova Measuring Instruments worth $6,448,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in shares of Nova Measuring Instruments by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,071,300 shares of the semiconductor company’s stock valued at $27,258,000 after buying an additional 90,741 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new stake in shares of Nova Measuring Instruments during the fourth quarter valued at approximately $132,000. Norges Bank acquired a new stake in shares of Nova Measuring Instruments during the fourth quarter valued at approximately $4,278,000. Navellier & Associates Inc acquired a new stake in shares of Nova Measuring Instruments during the first quarter valued at approximately $430,000. Finally, Westwood Management Corp IL acquired a new stake in shares of Nova Measuring Instruments during the first quarter valued at approximately $409,000. 37.57% of the stock is owned by institutional investors.
Nova Measuring Instruments Ltd. (NVMI) traded down 1.7948% during trading on Thursday, hitting $23.7853. The stock had a trading volume of 83,259 shares. The company’s 50 day moving average is $24.08 and its 200 day moving average is $18.10. The firm has a market cap of $653.29 million, a PE ratio of 32.7171 and a beta of 0.93. Nova Measuring Instruments Ltd. has a 52-week low of $10.67 and a 52-week high of $28.41.
Nova Measuring Instruments (NASDAQ:NVMI) last released its earnings results on Tuesday, May 9th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. Nova Measuring Instruments had a return on equity of 21.37% and a net margin of 10.93%. The firm had revenue of $54.40 million for the quarter, compared to the consensus estimate of $52.30 million. During the same period in the prior year, the firm earned $0.16 EPS. The firm’s revenue was up 59.5% on a year-over-year basis. Equities research analysts forecast that Nova Measuring Instruments Ltd. will post $1.62 earnings per share for the current year.
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NVMI has been the topic of several recent analyst reports. Stifel Nicolaus downgraded Nova Measuring Instruments from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a research note on Monday, February 27th. They noted that the move was a valuation call. Zacks Investment Research downgraded Nova Measuring Instruments from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 19th. ValuEngine upgraded Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Needham & Company LLC raised their price target on Nova Measuring Instruments from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $24.00.
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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