Seizert Capital Partners LLC Cuts Stock Holdings in Nova Measuring Instruments Ltd. (NASDAQ:NVMI)

Seizert Capital Partners LLC trimmed its holdings in shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 41.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,551 shares of the semiconductor company’s stock after selling 31,815 shares during the period. Seizert Capital Partners LLC owned about 0.16% of Nova Measuring Instruments worth $1,166,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVMI. Norges Bank purchased a new stake in Nova Measuring Instruments during the fourth quarter valued at about $8,081,000. Royce & Associates LP boosted its holdings in shares of Nova Measuring Instruments by 19.4% during the first quarter. Royce & Associates LP now owns 560,304 shares of the semiconductor company’s stock worth $14,108,000 after purchasing an additional 91,200 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Nova Measuring Instruments by 8.3% during the first quarter. Acadian Asset Management LLC now owns 1,059,387 shares of the semiconductor company’s stock worth $26,674,000 after purchasing an additional 80,874 shares during the period. Deutsche Bank AG purchased a new stake in shares of Nova Measuring Instruments during the fourth quarter worth about $1,287,000. Finally, Ibex Investors LLC boosted its holdings in shares of Nova Measuring Instruments by 3.3% during the first quarter. Ibex Investors LLC now owns 600,000 shares of the semiconductor company’s stock worth $15,108,000 after purchasing an additional 19,000 shares during the period. Institutional investors and hedge funds own 52.75% of the company’s stock.

Shares of Nova Measuring Instruments stock traded down $1.00 during trading on Friday, reaching $27.93. 66,897 shares of the stock were exchanged, compared to its average volume of 135,571. The stock’s fifty day moving average is $27.29 and its 200 day moving average is $26.31. The firm has a market cap of $808.75 million, a price-to-earnings ratio of 14.25 and a beta of 1.05. Nova Measuring Instruments Ltd. has a 1 year low of $20.83 and a 1 year high of $30.46.

Nova Measuring Instruments (NASDAQ:NVMI) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.06. Nova Measuring Instruments had a net margin of 18.21% and a return on equity of 16.62%. The business had revenue of $51.12 million during the quarter, compared to analyst estimates of $49.90 million. During the same period last year, the business posted $0.46 earnings per share. Nova Measuring Instruments’s quarterly revenue was down 17.4% compared to the same quarter last year. On average, analysts predict that Nova Measuring Instruments Ltd. will post 1.16 earnings per share for the current year.

A number of research firms have recently weighed in on NVMI. BidaskClub upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Friday, August 16th. ValuEngine upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of Nova Measuring Instruments in a report on Sunday, August 11th. Zacks Investment Research upgraded shares of Nova Measuring Instruments from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, Lake Street Capital reiterated a “buy” rating and set a $30.00 target price (up from $28.00) on shares of Nova Measuring Instruments in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target 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. 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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