Edmond DE Rothschild Holding S.A. cut its holdings in shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 64.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,073 shares of the semiconductor company’s stock after selling 26,075 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.05% of Nova Measuring Instruments worth $355,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. AlphaOne Investment Services LLC bought a new stake in shares of Nova Measuring Instruments during the 1st quarter valued at about $33,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Nova Measuring Instruments by 98.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,215 shares of the semiconductor company’s stock worth $118,000 after buying an additional 2,592 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Nova Measuring Instruments in the 1st quarter worth approximately $309,000. Millennium Management LLC bought a new stake in Nova Measuring Instruments in the 4th quarter worth approximately $352,000. Finally, GHP Investment Advisors Inc. lifted its position in Nova Measuring Instruments by 42.7% in the 1st quarter. GHP Investment Advisors Inc. now owns 15,040 shares of the semiconductor company’s stock worth $379,000 after buying an additional 4,500 shares during the last quarter. 52.07% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on NVMI shares. Zacks Investment Research upgraded Nova Measuring Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. BidaskClub cut Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. Needham & Company LLC initiated coverage on Nova Measuring Instruments in a research note on Tuesday, April 16th. They issued a “buy” rating and a $33.00 price target on the stock. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of Nova Measuring Instruments in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Nova Measuring Instruments currently has a consensus rating of “Hold” and a consensus target price of $32.25.
Nova Measuring Instruments (NASDAQ:NVMI) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The business had revenue of $56.66 million for 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 company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. On average, sell-side analysts predict that Nova Measuring Instruments Ltd. will post 1.13 earnings per share for the current fiscal year.
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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