Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 31.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,116 shares of the semiconductor company’s stock after acquiring an additional 5,838 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.09% of Nova Measuring Instruments worth $533,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. UBS Group AG boosted its holdings 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 acquiring an additional 638 shares in the last quarter. FNY Partners Fund LP bought a new stake in Nova Measuring Instruments in the first quarter valued at $120,000. Edmond DE Rothschild Holding S.A. boosted its holdings in Nova Measuring Instruments by 39.5% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 25,450 shares of the semiconductor company’s stock valued at $457,000 after acquiring an additional 7,200 shares in the last quarter. State of Tennessee Treasury Department boosted its holdings in Nova Measuring Instruments by 44.7% in the second quarter. State of Tennessee Treasury Department now owns 26,769 shares of the semiconductor company’s stock valued at $591,000 after acquiring an additional 8,272 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in Nova Measuring Instruments in the second quarter valued at $210,000. Institutional investors and hedge funds own 39.85% of the company’s stock.

NVMI has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Nova Measuring Instruments from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 price target on shares of Nova Measuring Instruments in a report on Friday, September 1st. Stifel Nicolaus lifted their price target on shares of Nova Measuring Instruments from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, June 26th. Finally, ValuEngine upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.50.

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) opened at 26.91 on Wednesday. Nova Measuring Instruments Ltd. has a 12 month low of $11.64 and a 12 month high of $28.41. The stock has a market cap of $744.20 million, a price-to-earnings ratio of 24.60 and a beta of 0.86. The firm’s 50-day moving average price is $23.95 and its 200 day moving average price is $22.22.

Nova Measuring Instruments (NASDAQ:NVMI) last posted its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. Nova Measuring Instruments had a return on equity of 26.03% and a net margin of 14.79%. The business had revenue of $56.10 million for the quarter, compared to the consensus estimate of $54.48 million. During the same quarter in the prior year, the company earned $0.17 EPS. The business’s revenue was up 57.6% compared to the same quarter last year. On average, analysts anticipate that Nova Measuring Instruments Ltd. will post $1.79 earnings per share for the current year.

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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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