Spark Investment Management LLC raised its position in shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 70.4% during the second quarter, Holdings Channel reports. The fund owned 50,600 shares of the semiconductor company’s stock after buying an additional 20,900 shares during the period. Spark Investment Management LLC’s holdings in Nova Measuring Instruments were worth $1,117,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVMI. UBS Group AG increased its position in Nova Measuring Instruments by 11.1% in the first quarter. UBS Group AG now owns 6,389 shares of the semiconductor company’s stock worth $118,000 after buying an additional 638 shares during the last quarter. FNY Partners Fund LP acquired a new position in Nova Measuring Instruments during the first quarter worth approximately $120,000. Insight Capital Research & Management Inc. acquired a new position in Nova Measuring Instruments during the second quarter worth approximately $228,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Nova Measuring Instruments during the first quarter worth approximately $340,000. Finally, State of Tennessee Treasury Department acquired a new position in Nova Measuring Instruments during the first quarter worth approximately $344,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) opened at 25.46 on Thursday. The firm has a market capitalization of $704.10 million, a PE ratio of 23.27 and a beta of 0.84. Nova Measuring Instruments Ltd. has a 12 month low of $11.14 and a 12 month high of $28.41. The company has a 50 day moving average price of $23.90 and a 200-day moving average price of $20.57.

Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.12. The firm had revenue of $56.10 million during 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%. Nova Measuring Instruments’s quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 earnings per share. Equities research analysts expect that Nova Measuring Instruments Ltd. will post $1.79 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was first posted by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.dailypolitical.com/2017/08/10/nova-measuring-instruments-ltd-nvmi-position-raised-by-spark-investment-management-llc.html.

A number of research firms have recently commented on NVMI. Stifel Nicolaus increased their price objective on Nova Measuring Instruments from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, June 26th. Zacks Investment Research upgraded Nova Measuring Instruments from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, May 16th. BidaskClub upgraded Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. ValuEngine upgraded Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Needham & Company LLC increased their price objective on Nova Measuring Instruments from $27.00 to $32.00 and gave the company a “buy” rating in a report on Friday, June 9th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $27.50.

About Nova Measuring Instruments

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.

Want to see what other hedge funds are holding NVMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nova Measuring Instruments Ltd. (NASDAQ:NVMI).

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

Receive News & Ratings for Nova Measuring Instruments Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nova Measuring Instruments Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.