Nova Measuring Instruments Ltd. (NVMI) Shares Sold by Navellier & Associates Inc

Navellier & Associates Inc lowered its stake in shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,450 shares of the semiconductor company’s stock after selling 1,667 shares during the period. Navellier & Associates Inc’s holdings in Nova Measuring Instruments were worth $466,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NVMI. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Nova Measuring Instruments by 17.8% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,284,968 shares of the semiconductor company’s stock worth $33,808,000 after purchasing an additional 194,495 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Nova Measuring Instruments by 20.4% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 799,348 shares of the semiconductor company’s stock worth $21,031,000 after purchasing an additional 135,351 shares during the period. Seizert Capital Partners LLC purchased a new position in shares of Nova Measuring Instruments during the 3rd quarter worth approximately $2,794,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Nova Measuring Instruments by 11.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 943,039 shares of the semiconductor company’s stock worth $24,811,000 after purchasing an additional 97,594 shares during the period. Finally, Ibex Investors LLC boosted its position in shares of Nova Measuring Instruments by 12.5% during the 3rd quarter. Ibex Investors LLC now owns 450,000 shares of the semiconductor company’s stock worth $11,840,000 after purchasing an additional 50,000 shares during the period. 45.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NVMI stock opened at $23.15 on Thursday. Nova Measuring Instruments Ltd. has a 52 week low of $20.83 and a 52 week high of $32.00. The company has a market capitalization of $642.22 million, a price-to-earnings ratio of 12.51 and a beta of 1.06.

Nova Measuring Instruments (NASDAQ:NVMI) last issued its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Nova Measuring Instruments had a net margin of 19.34% and a return on equity of 21.39%. The company had revenue of $63.60 million during the quarter, compared to analysts’ expectations of $61.53 million. During the same quarter last year, the company posted $0.46 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. As a group, equities research analysts forecast that Nova Measuring Instruments Ltd. will post 1.82 earnings per share for the current fiscal year.

A number of research firms recently weighed in on NVMI. ValuEngine cut shares of Nova Measuring Instruments from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. BidaskClub cut shares of Nova Measuring Instruments from a “sell” rating to a “strong sell” rating in a research report on Friday, October 26th. Finally, Zacks Investment Research cut shares of Nova Measuring Instruments from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.25.

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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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Institutional Ownership by Quarter for Nova Measuring Instruments (NASDAQ:NVMI)

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