Edmond DE Rothschild Holding S.A. increased its holdings in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 8.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,591 shares of the semiconductor company’s stock after purchasing an additional 2,141 shares during the quarter. Edmond DE Rothschild Holding S.A. owned 0.10% of Nova Measuring Instruments worth $633,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in Nova Measuring Instruments by 4.7% in the 1st quarter. Renaissance Technologies LLC now owns 2,168,600 shares of the semiconductor company’s stock worth $40,314,000 after purchasing an additional 97,300 shares during the period. Systematic Financial Management LP acquired a new position in Nova Measuring Instruments in the 1st quarter worth about $5,968,000. State of Tennessee Treasury Department acquired a new position in Nova Measuring Instruments in the 1st quarter worth about $344,000. EAM Investors LLC acquired a new position in Nova Measuring Instruments in the 1st quarter worth about $2,553,000. Finally, Acadian Asset Management LLC raised its holdings in Nova Measuring Instruments by 125.9% in the 2nd quarter. Acadian Asset Management LLC now owns 736,869 shares of the semiconductor company’s stock worth $16,278,000 after purchasing an additional 410,660 shares during the period. 39.85% of the stock is owned by institutional investors.
Nova Measuring Instruments Ltd. (NASDAQ:NVMI) opened at 26.60 on Tuesday. The firm’s 50 day moving average price is $23.84 and its 200-day moving average price is $22.14. The firm has a market cap of $735.62 million, a PE ratio of 24.31 and a beta of 0.86. Nova Measuring Instruments Ltd. has a one year low of $11.64 and a one year high of $28.41.
Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.12. The business had revenue of $56.10 million for the quarter, compared to analyst estimates of $54.48 million. Nova Measuring Instruments had a return on equity of 26.03% and a net margin of 14.79%. The company’s quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 EPS. Equities analysts predict that Nova Measuring Instruments Ltd. will post $1.79 EPS for the current fiscal year.
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A number of equities analysts recently weighed in on the company. BidaskClub raised Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Needham & Company LLC upped their price target on Nova Measuring Instruments from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $29.00 price target (up previously from $28.00) on shares of Nova Measuring Instruments in a report on Thursday, August 3rd. ValuEngine raised Nova Measuring Instruments from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Finally, Zacks Investment Research raised Nova Measuring Instruments from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Tuesday, August 8th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.50.
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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