James Investment Research Inc. grew its position in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 14.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,260 shares of the semiconductor company’s stock after purchasing an additional 5,335 shares during the period. James Investment Research Inc. owned about 0.15% of Nova Measuring Instruments worth $1,064,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Nova Measuring Instruments by 4.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,346,622 shares of the semiconductor company’s stock valued at $30,676,000 after purchasing an additional 61,654 shares during the period. Ibex Investors LLC boosted its stake in Nova Measuring Instruments by 29.1% during the 4th quarter. Ibex Investors LLC now owns 581,000 shares of the semiconductor company’s stock valued at $13,235,000 after purchasing an additional 131,000 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its stake in Nova Measuring Instruments by 10.0% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 879,348 shares of the semiconductor company’s stock valued at $20,032,000 after purchasing an additional 80,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Nova Measuring Instruments by 98.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,215 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 2,592 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in Nova Measuring Instruments during the 4th quarter valued at approximately $385,000. 49.76% of the stock is currently owned by institutional investors.
Shares of NVMI stock traded down $0.19 during mid-day trading on Wednesday, reaching $25.78. The stock had a trading volume of 38,455 shares, compared to its average volume of 82,014. Nova Measuring Instruments Ltd. has a one year low of $20.83 and a one year high of $32.00. The company has a market capitalization of $724.85 million, a P/E ratio of 13.15 and a beta of 1.14.
Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.11. Nova Measuring Instruments had a return on equity of 18.70% and a net margin of 19.60%. The company had revenue of $56.66 million during the quarter, compared to the consensus estimate of $55.25 million. During the same quarter last year, the company earned $0.54 EPS. The company’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities analysts expect that Nova Measuring Instruments Ltd. will post 1.13 EPS for the current year.
Several analysts recently weighed in on NVMI shares. Needham & Company LLC started coverage on Nova Measuring Instruments in a research note on Tuesday, April 16th. They set a “buy” rating and a $33.00 target price for the company. BidaskClub upgraded Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Benchmark increased their target price on Nova Measuring Instruments from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, February 14th. Lake Street Capital reiterated a “buy” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Nova Measuring Instruments in a research report on Thursday, May 2nd. Finally, Zacks Investment Research upgraded Nova Measuring Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $32.25.
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About Nova Measuring Instruments
Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. Its product portfolio includes integrated and stand-alone metrology platforms for dimensional, films, and material metrology measurements for process control across various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, and deposition.
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