Idb Development Corp Ltd recently disclosed that they own a 5.2% stake in Nova Measuring Instruments (NASDAQ:NVMI) in a Form 13G disclosure that was filed with the Securities and Exchange Commission on Friday, May 18th. The investor owns 1,454,685 shares of the stock valued at $43,087,770. The disclosure is available through EDGAR at this link.
Other hedge funds also recently bought and sold shares of the company. James Investment Research Inc. bought a new position in Nova Measuring Instruments during the 4th quarter worth approximately $1,853,000. QS Investors LLC lifted its holdings in Nova Measuring Instruments by 4.0% during the 4th quarter. QS Investors LLC now owns 135,831 shares of the semiconductor company’s stock worth $3,519,000 after buying an additional 5,233 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in Nova Measuring Instruments by 226.3% during the 4th quarter. Driehaus Capital Management LLC now owns 164,382 shares of the semiconductor company’s stock worth $4,259,000 after buying an additional 114,010 shares during the last quarter. ARK Investment Management LLC bought a new position in Nova Measuring Instruments during the 4th quarter worth approximately $220,000. Finally, Acadian Asset Management LLC lifted its holdings in Nova Measuring Instruments by 9.2% during the 4th quarter. Acadian Asset Management LLC now owns 1,069,975 shares of the semiconductor company’s stock worth $27,722,000 after buying an additional 89,924 shares during the last quarter. Institutional investors and hedge funds own 43.79% of the company’s stock.
NVMI has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 target price (up previously from $32.00) on shares of Nova Measuring Instruments in a report on Tuesday, February 13th. Zacks Investment Research downgraded Nova Measuring Instruments from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Benchmark reaffirmed a “buy” rating and set a $35.00 target price on shares of Nova Measuring Instruments in a report on Monday, March 19th. BidaskClub upgraded Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, March 21st. Finally, Lake Street Capital initiated coverage on Nova Measuring Instruments in a research report on Monday, March 26th. They set a “buy” rating and a $33.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Nova Measuring Instruments presently has a consensus rating of “Hold” and an average price target of $33.80.
Nova Measuring Instruments (NASDAQ:NVMI) last posted its earnings results on Wednesday, May 2nd. The semiconductor company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.38 by $0.16. Nova Measuring Instruments had a return on equity of 24.17% and a net margin of 20.48%. The firm had revenue of $62.60 million for the quarter, compared to analysts’ expectations of $57.45 million. During the same period last year, the firm earned $0.50 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. equities analysts anticipate that Nova Measuring Instruments will post 1.81 earnings per share for the current year.
Nova Measuring Instruments Profile
Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems that attach directly to wafer fabrication process equipment.
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