Nova Measuring Instruments Ltd. (NVMI) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 63.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,524 shares of the semiconductor company’s stock after selling 12,996 shares during the period. Hsbc Holdings PLC’s holdings in Nova Measuring Instruments were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Timpani Capital Management LLC purchased a new stake in Nova Measuring Instruments during the first quarter worth about $1,427,000. JPMorgan Chase & Co. acquired a new position in Nova Measuring Instruments during the first quarter worth about $143,000. Optimum Investment Advisors acquired a new position in Nova Measuring Instruments during the first quarter worth about $163,000. Systematic Financial Management LP raised its position in Nova Measuring Instruments by 3.8% during the first quarter. Systematic Financial Management LP now owns 62,925 shares of the semiconductor company’s stock worth $1,707,000 after acquiring an additional 2,315 shares during the last quarter. Finally, ClariVest Asset Management LLC raised its position in Nova Measuring Instruments by 3.5% during the first quarter. ClariVest Asset Management LLC now owns 55,405 shares of the semiconductor company’s stock worth $1,503,000 after acquiring an additional 1,862 shares during the last quarter. 44.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nova Measuring Instruments opened at $29.47 on Friday, according to Marketbeat.com. The stock has a market cap of $834.72 million, a price-to-earnings ratio of 15.93 and a beta of 0.80. Nova Measuring Instruments Ltd. has a 12-month low of $20.55 and a 12-month high of $32.00.

Nova Measuring Instruments (NASDAQ:NVMI) last announced its earnings results on Wednesday, May 2nd. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.16. The company had revenue of $62.60 million during the quarter, compared to analysts’ expectations of $57.45 million. Nova Measuring Instruments had a net margin of 20.48% and a return on equity of 24.17%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. equities analysts expect that Nova Measuring Instruments Ltd. will post 1.81 EPS for the current year.

A number of equities analysts have issued reports on NVMI shares. Benchmark restated a “buy” rating and set a $35.00 target price on shares of Nova Measuring Instruments in a research report on Monday, March 19th. BidaskClub upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, March 21st. Lake Street Capital started coverage on shares of Nova Measuring Instruments in a research report on Monday, March 26th. They set a “buy” rating and a $33.00 target price for the company. Zacks Investment Research upgraded shares of Nova Measuring Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. Finally, ValuEngine upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research report on Monday, June 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.80.

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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