Ibex Investors LLC increased its stake in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 3.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 600,000 shares of the semiconductor company’s stock after acquiring an additional 19,000 shares during the period. Nova Measuring Instruments comprises approximately 1.3% of Ibex Investors LLC’s portfolio, making the stock its 4th largest position. Ibex Investors LLC’s holdings in Nova Measuring Instruments were worth $15,108,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in NVMI. Norges Bank purchased a new stake in shares of Nova Measuring Instruments during the fourth quarter valued at approximately $8,081,000. Jane Street Group LLC boosted its holdings in Nova Measuring Instruments by 702.6% in the 4th quarter. Jane Street Group LLC now owns 146,932 shares of the semiconductor company’s stock worth $3,347,000 after acquiring an additional 128,626 shares during the period. Royce & Associates LP boosted its holdings in Nova Measuring Instruments by 22.9% in the 4th quarter. Royce & Associates LP now owns 469,104 shares of the semiconductor company’s stock worth $10,686,000 after acquiring an additional 87,404 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Nova Measuring Instruments by 10.0% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 879,348 shares of the semiconductor company’s stock worth $20,032,000 after acquiring an additional 80,000 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Nova Measuring Instruments by 4.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,346,622 shares of the semiconductor company’s stock valued at $30,676,000 after purchasing an additional 61,654 shares in the last quarter. Institutional investors own 49.76% of the company’s stock.

Nova Measuring Instruments stock traded up $0.22 during mid-day trading on Wednesday, hitting $26.51. The company’s stock had a trading volume of 392 shares, compared to its average volume of 62,842. The company has a market cap of $735.33 million, a P/E ratio of 13.41 and a beta of 1.14. Nova Measuring Instruments Ltd. has a 52-week low of $20.83 and a 52-week high of $32.00.

Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. The firm had revenue of $56.66 million during the quarter, compared to the consensus estimate of $55.25 million. Nova Measuring Instruments had a return on equity of 18.70% and a net margin of 19.60%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. Research analysts forecast that Nova Measuring Instruments Ltd. will post 1.13 earnings per share for the current year.

A number of research analysts recently commented on the company. BidaskClub downgraded Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Zacks Investment Research downgraded Nova Measuring Instruments from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. Lake Street Capital reissued a “buy” rating and issued a $30.00 price objective (up from $28.00) on shares of Nova Measuring Instruments in a research note on Thursday, May 2nd. Needham & Company LLC assumed coverage on Nova Measuring Instruments in a research note on Tuesday, April 16th. They issued a “buy” rating and a $33.00 price objective for the company. Finally, Benchmark increased their price objective on Nova Measuring Instruments from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. One 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. Nova Measuring Instruments currently has a consensus rating of “Hold” and a consensus target price of $32.25.

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Nova Measuring Instruments Company Profile

Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. Its product portfolio includes integrated and stand-alone metrology platforms for dimensional, films, and material metrology measurements for process control across various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, and deposition.

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

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