Renaissance Technologies LLC Has $49.35 Million Holdings in Nova Measuring Instruments (NVMI)

Renaissance Technologies LLC reduced its stake in Nova Measuring Instruments (NASDAQ:NVMI) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,904,700 shares of the semiconductor company’s stock after selling 69,800 shares during the period. Renaissance Technologies LLC owned approximately 6.83% of Nova Measuring Instruments worth $49,351,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC increased its holdings in shares of Nova Measuring Instruments by 9.2% during the fourth quarter. Acadian Asset Management LLC now owns 1,069,975 shares of the semiconductor company’s stock worth $27,722,000 after buying an additional 89,924 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Nova Measuring Instruments during the fourth quarter worth $24,791,000. Vanguard Group Inc. increased its holdings in shares of Nova Measuring Instruments by 8.5% during the second quarter. Vanguard Group Inc. now owns 516,856 shares of the semiconductor company’s stock worth $11,417,000 after buying an additional 40,410 shares in the last quarter. EAM Investors LLC increased its holdings in shares of Nova Measuring Instruments by 70.4% during the third quarter. EAM Investors LLC now owns 190,135 shares of the semiconductor company’s stock worth $5,345,000 after buying an additional 78,523 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Nova Measuring Instruments by 6.5% during the third quarter. Royce & Associates LP now owns 132,900 shares of the semiconductor company’s stock worth $3,736,000 after buying an additional 8,100 shares in the last quarter. Institutional investors and hedge funds own 44.01% of the company’s stock.

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Shares of NVMI stock traded down $0.47 on Friday, reaching $25.95. 57,387 shares of the company were exchanged, compared to its average volume of 122,094. Nova Measuring Instruments has a one year low of $17.09 and a one year high of $31.88. The stock has a market capitalization of $737.07, a PE ratio of 14.03 and a beta of 0.77.

Nova Measuring Instruments (NASDAQ:NVMI) last announced its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Nova Measuring Instruments had a net margin of 20.93% and a return on equity of 25.05%. The business had revenue of $57.40 million for the quarter, compared to analysts’ expectations of $55.42 million. During the same quarter last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. research analysts forecast that Nova Measuring Instruments will post 1.9 EPS for the current year.

NVMI has been the subject of a number of recent research reports. Zacks Investment Research downgraded Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. BidaskClub downgraded Nova Measuring Instruments from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Benchmark restated a “buy” rating and issued a $32.00 price objective on shares of Nova Measuring Instruments in a report on Wednesday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price target (up previously from $32.00) on shares of Nova Measuring Instruments in a research report on Tuesday, February 13th. Finally, Lake Street Capital initiated coverage on shares of Nova Measuring Instruments in a research report on Monday, March 26th. They set a “buy” rating and a $33.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $33.80.

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About Nova Measuring Instruments

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.

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

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