Nova Measuring Instruments Ltd. (NASDAQ:NVMI) Stake Lowered by Argent Capital Management LLC

Argent Capital Management LLC decreased its holdings in shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) by 64.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,145 shares of the semiconductor company’s stock after selling 140,500 shares during the quarter. Argent Capital Management LLC owned about 0.28% of Nova Measuring Instruments worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. State Street Corp lifted its holdings in Nova Measuring Instruments by 1.6% in the 2nd quarter. State Street Corp now owns 13,816 shares of the semiconductor company’s stock worth $305,000 after buying an additional 216 shares in the last quarter. UBS Group AG lifted its holdings in Nova Measuring Instruments by 11.1% in the 1st quarter. UBS Group AG now owns 6,389 shares of the semiconductor company’s stock worth $118,000 after buying an additional 638 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Nova Measuring Instruments by 8.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 27,591 shares of the semiconductor company’s stock valued at $633,000 after purchasing an additional 2,141 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Nova Measuring Instruments by 31.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,116 shares of the semiconductor company’s stock valued at $533,000 after purchasing an additional 5,838 shares in the last quarter. Finally, FNY Partners Fund LP acquired a new stake in shares of Nova Measuring Instruments in the 1st quarter valued at about $120,000. Institutional investors and hedge funds own 39.85% of the company’s stock.

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) traded down 3.84% on Thursday, hitting $29.32. 167,985 shares of the stock traded hands. The stock has a 50-day moving average price of $26.83 and a 200 day moving average price of $23.86. The stock has a market cap of $810.84 million, a P/E ratio of 26.80 and a beta of 0.91. Nova Measuring Instruments Ltd. has a 12-month low of $11.83 and a 12-month high of $31.18.

Nova Measuring Instruments (NASDAQ:NVMI) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. Nova Measuring Instruments had a return on equity of 26.03% and a net margin of 14.79%. The company had revenue of $56.10 million for the quarter, compared to analysts’ expectations of $54.48 million. During the same period last year, the business earned $0.17 EPS. Nova Measuring Instruments’s quarterly revenue was up 57.6% compared to the same quarter last year. On average, equities analysts expect that Nova Measuring Instruments Ltd. will post $1.79 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on NVMI shares. Stifel Nicolaus upped their target price on shares of Nova Measuring Instruments from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, June 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 price objective on shares of Nova Measuring Instruments in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Nova Measuring Instruments from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded shares of Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $30.25.

ILLEGAL ACTIVITY NOTICE: “Nova Measuring Instruments Ltd. (NASDAQ:NVMI) Stake Lowered by Argent Capital Management LLC” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on

Several other large investors have also bought and sold shares of the stock. State Street Corp lifted its holdings in Nova Measuring Instruments by 1.6% in the 2nd quarter. State Street Corp now owns 13,816 shares of the semiconductor company’s stock worth $305,000 after buying an additional 216 shares in the last quarter. UBS Group AG lifted its holdings in Nova Measuring Instruments by 11.1% in the 1st quarter. UBS Group AG now owns 6,389 shares of the semiconductor company’s stock worth $118,000 after buying an additional 638 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Nova Measuring Instruments by 8.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 27,591 shares of the semiconductor company’s stock valued at $633,000 after purchasing an additional 2,141 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Nova Measuring Instruments by 31.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,116 shares of the semiconductor company’s stock valued at $533,000 after purchasing an additional 5,838 shares in the last quarter. Finally, FNY Partners Fund LP acquired a new stake in shares of Nova Measuring Instruments in the 1st quarter valued at about $120,000. Institutional investors and hedge funds own 39.85% of the company’s stock.

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) traded down 3.84% on Thursday, hitting $29.32. 167,985 shares of the stock traded hands. The stock has a 50-day moving average price of $26.83 and a 200 day moving average price of $23.86. The stock has a market cap of $810.84 million, a P/E ratio of 26.80 and a beta of 0.91. Nova Measuring Instruments Ltd. has a 12-month low of $11.83 and a 12-month high of $31.18.

Nova Measuring Instruments (NASDAQ:NVMI) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. Nova Measuring Instruments had a return on equity of 26.03% and a net margin of 14.79%. The company had revenue of $56.10 million for the quarter, compared to analysts’ expectations of $54.48 million. During the same period last year, the business earned $0.17 EPS. Nova Measuring Instruments’s quarterly revenue was up 57.6% compared to the same quarter last year. On average, equities analysts expect that Nova Measuring Instruments Ltd. will post $1.79 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on NVMI shares. Stifel Nicolaus upped their target price on shares of Nova Measuring Instruments from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, June 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 price objective on shares of Nova Measuring Instruments in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Nova Measuring Instruments from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Nova Measuring Instruments from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded shares of Nova Measuring Instruments from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $30.25.

ILLEGAL ACTIVITY NOTICE: “Nova Measuring Instruments Ltd. (NASDAQ:NVMI) Stake Lowered by Argent Capital Management LLC” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/19/nova-measuring-instruments-ltd-nvmi-shares-sold-by-argent-capital-management-llc.html.

About Nova Measuring Instruments

Nova Measuring Instruments Ltd. provides metrology solutions for the semiconductor manufacturing industry. The Company offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its metrology systems measure various film thickness and composition properties, as well as critical-dimension (CD) variables during various front-end and back-end of line steps in the semiconductor wafer fabrication process.

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

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