State of New Jersey Common Pension Fund D held its stake in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) during the second quarter, according to its most recent filing with the SEC. The fund owned 10,074 shares of the semiconductor company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Nova Measuring Instruments were worth $223,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NVMI. UBS Group AG raised its stake 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 valued at $118,000 after buying an additional 638 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Nova Measuring Instruments during the first quarter valued at $120,000. Insight Capital Research & Management Inc. purchased a new stake in Nova Measuring Instruments during the second quarter valued at $228,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Nova Measuring Instruments during the first quarter valued at $340,000. Finally, State of Tennessee Treasury Department purchased a new stake in Nova Measuring Instruments during the first quarter valued at $344,000. 39.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nova Measuring Instruments Ltd. (NASDAQ NVMI) opened at 23.27 on Wednesday. The company has a market cap of $643.53 million, a price-to-earnings ratio of 21.27 and a beta of 0.84. Nova Measuring Instruments Ltd. has a one year low of $11.20 and a one year high of $28.41. The firm’s 50-day moving average is $23.94 and its 200-day moving average is $21.12.

Nova Measuring Instruments (NASDAQ:NVMI) last issued its 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 firm had revenue of $56.10 million during the quarter, compared to the consensus estimate of $54.48 million. Nova Measuring Instruments had a return on equity of 26.03% and a net margin of 14.79%. The business’s quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Analysts expect that Nova Measuring Instruments Ltd. will post $1.79 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on the stock. ValuEngine raised shares of Nova Measuring Instruments from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. BidaskClub raised shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research raised shares of Nova Measuring Instruments from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $29.00 target price (up previously from $28.00) on shares of Nova Measuring Instruments in a report on Thursday, August 3rd. Finally, Needham & Company LLC increased their price objective on shares of Nova Measuring Instruments from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target 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.

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

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