Macquarie Group Ltd. Acquires 9,000 Shares of Nova Measuring Instruments (NVMI)

Macquarie Group Ltd. lifted its holdings in shares of Nova Measuring Instruments (NASDAQ:NVMI) by 41.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,700 shares of the semiconductor company’s stock after buying an additional 9,000 shares during the quarter. Macquarie Group Ltd. owned about 0.11% of Nova Measuring Instruments worth $795,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its stake in shares of Nova Measuring Instruments by 1.6% during the 2nd quarter. State Street Corp now owns 13,816 shares of the semiconductor company’s stock valued at $305,000 after buying an additional 216 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Nova Measuring Instruments by 14.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 19,482 shares of the semiconductor company’s stock worth $505,000 after purchasing an additional 2,387 shares in the last quarter. State of Tennessee Treasury Department lifted its stake in Nova Measuring Instruments by 7.5% in the 4th quarter. State of Tennessee Treasury Department now owns 49,882 shares of the semiconductor company’s stock worth $1,292,000 after purchasing an additional 3,492 shares in the last quarter. Advisor Group Inc. lifted its stake in Nova Measuring Instruments by 174.2% in the 4th quarter. Advisor Group Inc. now owns 7,005 shares of the semiconductor company’s stock worth $182,000 after purchasing an additional 4,450 shares in the last quarter. Finally, Eagle Global Advisors LLC lifted its stake in Nova Measuring Instruments by 18.0% in the 4th quarter. Eagle Global Advisors LLC now owns 32,800 shares of the semiconductor company’s stock worth $850,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 44.01% of the company’s stock.

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Several analysts have issued reports on the stock. BidaskClub cut shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Benchmark reiterated a “buy” rating and issued a $32.00 target price on shares of Nova Measuring Instruments in a research note on Wednesday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price (up from $32.00) on shares of Nova Measuring Instruments in a research note on Tuesday, February 13th. Zacks Investment Research cut shares of Nova Measuring Instruments from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Finally, Lake Street Capital assumed coverage on shares of Nova Measuring Instruments in a research note on Monday, March 26th. They issued a “buy” rating and a $33.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $33.80.

NASDAQ NVMI opened at $25.95 on Monday. Nova Measuring Instruments has a 1 year low of $17.09 and a 1 year high of $31.88. The company has a market capitalization of $723.95, a price-to-earnings ratio of 14.03 and a beta of 0.77.

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

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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.

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

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