Needham Investment Management LLC reduced its position in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,500 shares of the semiconductor company’s stock after selling 2,000 shares during the period. Nova Measuring Instruments comprises about 2.1% of Needham Investment Management LLC’s portfolio, making the stock its 17th biggest holding. Needham Investment Management LLC owned about 1.11% of Nova Measuring Instruments worth $7,993,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of NVMI. Koch Industries Inc. purchased a new stake in shares of Nova Measuring Instruments in the fourth quarter valued at about $215,000. Russell Investments Group Ltd. acquired a new stake in Nova Measuring Instruments in the third quarter valued at approximately $237,000. ARK Investment Management LLC acquired a new stake in Nova Measuring Instruments in the fourth quarter valued at approximately $220,000. Nationwide Fund Advisors acquired a new stake in Nova Measuring Instruments in the second quarter valued at approximately $216,000. Finally, Harbour Capital Advisors LLC acquired a new stake in Nova Measuring Instruments during the fourth quarter worth approximately $272,000. Institutional investors own 43.83% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of Nova Measuring Instruments in a research report on Tuesday, February 13th. Zacks Investment Research lowered shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub lowered shares of Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine downgraded Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Finally, Benchmark reissued a “buy” rating and issued a $32.00 target price on shares of Nova Measuring Instruments in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $33.25.
Shares of Nova Measuring Instruments Ltd. (NVMI) traded down $0.02 on Wednesday, hitting $28.11. The company’s stock had a trading volume of 77,233 shares, compared to its average volume of 198,001. The firm has a market cap of $791.46, a price-to-earnings ratio of 17.57 and a beta of 0.75. Nova Measuring Instruments Ltd. has a one year low of $16.16 and a one year high of $31.88.
Nova Measuring Instruments (NASDAQ:NVMI) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Nova Measuring Instruments had a return on equity of 25.05% and a net margin of 20.93%. The firm had revenue of $57.40 million for the quarter, compared to analyst estimates of $55.42 million. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. research analysts forecast that Nova Measuring Instruments Ltd. will post 1.9 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This report was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.thelincolnianonline.com/2018/03/14/needham-investment-management-llc-has-7-99-million-stake-in-nova-measuring-instruments-ltd-nvmi.html.
Nova Measuring Instruments 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.
Receive News & Ratings for Nova Measuring Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nova Measuring Instruments and related companies with MarketBeat.com's FREE daily email newsletter.