PDT Partners LLC purchased a new stake in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 104,660 shares of the semiconductor company’s stock, valued at approximately $2,312,000. PDT Partners LLC owned about 0.38% of Nova Measuring Instruments as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Acadian Asset Management LLC lifted its stake in shares of Nova Measuring Instruments by 125.9% during 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 acquired a new stake in shares of Nova Measuring Instruments during the first quarter worth $5,968,000. OxFORD Asset Management LLP acquired a new stake in shares of Nova Measuring Instruments during the second quarter worth $2,719,000. Renaissance Technologies LLC boosted its holdings in shares of Nova Measuring Instruments by 4.7% during the first quarter. Renaissance Technologies LLC now owns 2,168,600 shares of the semiconductor company’s stock worth $40,314,000 after purchasing an additional 97,300 shares during the last quarter. Finally, Ativo Capital Management LLC grew its position in shares of Nova Measuring Instruments by 68.0% in the first quarter. Ativo Capital Management LLC now owns 140,189 shares of the semiconductor company’s stock valued at $2,606,000 after purchasing an additional 56,753 shares during the period. Institutional investors own 39.85% of the company’s stock.

NVMI has been the subject of a number of recent analyst reports. ValuEngine downgraded Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $32.00 target price on shares of Nova Measuring Instruments in a research report on Friday, September 1st. BidaskClub upgraded Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus raised their price target on Nova Measuring Instruments from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, June 26th. Finally, Zacks Investment Research lowered Nova Measuring Instruments from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Nova Measuring Instruments presently has an average rating of “Buy” and a consensus price target of $27.50.

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) opened at 28.13 on Wednesday. Nova Measuring Instruments Ltd. has a 12 month low of $11.64 and a 12 month high of $30.72. The company’s 50-day moving average is $24.88 and its 200 day moving average is $22.96. The firm has a market cap of $777.94 million, a price-to-earnings ratio of 25.71 and a beta of 0.91.

Nova Measuring Instruments (NASDAQ:NVMI) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.12. The company had revenue of $56.10 million during 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 company’s revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. On average, equities research analysts predict that Nova Measuring Instruments Ltd. will post $1.79 earnings per share for the current year.

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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.

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

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