Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Nova Measuring Instruments Ltd. (NASDAQ:NVMI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 37,810 shares of the semiconductor company’s stock, valued at approximately $1,030,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.14% of Nova Measuring Instruments as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in Nova Measuring Instruments in the 1st quarter valued at about $143,000. Optimum Investment Advisors bought a new stake in Nova Measuring Instruments in the 1st quarter valued at about $163,000. Smith Asset Management Group LP boosted its holdings in Nova Measuring Instruments by 144.6% in the 2nd quarter. Smith Asset Management Group LP now owns 8,694 shares of the semiconductor company’s stock valued at $237,000 after purchasing an additional 5,140 shares during the period. Element Capital Management LLC bought a new stake in Nova Measuring Instruments in the 1st quarter valued at about $275,000. Finally, Citadel Advisors LLC bought a new stake in Nova Measuring Instruments in the 1st quarter valued at about $276,000. 55.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Nova Measuring Instruments stock opened at $28.37 on Friday. Nova Measuring Instruments Ltd. has a 1-year low of $22.35 and a 1-year high of $32.00. The company has a market cap of $790.36 million, a PE ratio of 15.37 and a beta of 0.84.

Nova Measuring Instruments (NASDAQ:NVMI) last issued its quarterly earnings results on Wednesday, August 1st. The semiconductor company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. Nova Measuring Instruments had a net margin of 19.35% and a return on equity of 21.94%. The company had revenue of $61.89 million during the quarter, compared to the consensus estimate of $60.25 million. During the same quarter in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. research analysts forecast that Nova Measuring Instruments Ltd. will post 1.81 earnings per share for the current year.

A number of brokerages have recently weighed in on NVMI. Zacks Investment Research raised shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Thursday, August 9th. Benchmark reaffirmed a “buy” rating and set a $35.00 price target on shares of Nova Measuring Instruments in a report on Thursday, August 2nd. BidaskClub downgraded shares of Nova Measuring Instruments from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. ValuEngine downgraded shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Needham & Company LLC upped their price target on shares of Nova Measuring Instruments from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, June 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $33.00.

Nova Measuring Instruments Profile

Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems that attach directly to wafer fabrication process equipment.

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

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