State of Tennessee Treasury Department boosted its stake in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 44.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,769 shares of the semiconductor company’s stock after purchasing an additional 8,272 shares during the period. State of Tennessee Treasury Department owned approximately 0.10% of Nova Measuring Instruments worth $591,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NVMI. Acadian Asset Management LLC grew its position in Nova Measuring Instruments by 125.9% in the 2nd quarter. Acadian Asset Management LLC now owns 736,869 shares of the semiconductor company’s stock worth $16,278,000 after purchasing an additional 410,660 shares during the period. Systematic Financial Management LP bought a new stake in Nova Measuring Instruments in the 1st quarter worth approximately $5,968,000. Renaissance Technologies LLC grew its position in shares of Nova Measuring Instruments by 4.7% during the 1st quarter. Renaissance Technologies LLC now owns 2,168,600 shares of the semiconductor company’s stock valued at $40,314,000 after acquiring an additional 97,300 shares during the period. Ativo Capital Management LLC grew its position in shares of Nova Measuring Instruments by 68.0% during the 1st quarter. Ativo Capital Management LLC now owns 140,189 shares of the semiconductor company’s stock valued at $2,606,000 after acquiring an additional 56,753 shares during the period. Finally, Menora Mivtachim Holdings LTD. grew its position in shares of Nova Measuring Instruments by 6.2% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 729,293 shares of the semiconductor company’s stock valued at $16,110,000 after acquiring an additional 42,879 shares during the period. 39.85% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages have recently issued reports on NVMI. Needham & Company LLC reissued a “buy” rating and set a $32.00 price objective on shares of Nova Measuring Instruments in a research report on Friday, September 1st. BidaskClub raised shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. ValuEngine raised shares of Nova Measuring Instruments from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Nova Measuring Instruments from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $29.00 price objective (up previously from $28.00) on shares of Nova Measuring Instruments in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $27.50.

Shares of Nova Measuring Instruments Ltd. (NVMI) opened at 28.11 on Friday. The stock’s 50 day moving average is $23.95 and its 200-day moving average is $22.22. Nova Measuring Instruments Ltd. has a 12 month low of $11.64 and a 12 month high of $28.41. The company has a market cap of $777.38 million, a P/E ratio of 25.69 and a beta of 0.86.

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

Nova Measuring Instruments Company Profile

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.

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

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