9,800 Shares in Nova Measuring Instruments Ltd. (NVMI) Purchased by Nationwide Fund Advisors

Nationwide Fund Advisors bought a new position in shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,800 shares of the semiconductor company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Nova Measuring Instruments by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 476,446 shares of the semiconductor company’s stock valued at $8,857,000 after buying an additional 13,327 shares during the last quarter. UBS Group AG grew its position 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 valued at $118,000 after buying an additional 638 shares during the last quarter. Insight Capital Research & Management Inc. purchased a new position in Nova Measuring Instruments in the 2nd quarter valued at $228,000. Acadian Asset Management LLC grew its position in Nova Measuring Instruments by 125.9% in the 2nd quarter. Acadian Asset Management LLC now owns 736,869 shares of the semiconductor company’s stock valued at $16,278,000 after buying an additional 410,660 shares during the last quarter. Finally, Spark Investment Management LLC grew its position in Nova Measuring Instruments by 70.4% in the 2nd quarter. Spark Investment Management LLC now owns 50,600 shares of the semiconductor company’s stock valued at $1,117,000 after buying an additional 20,900 shares during the last quarter. Institutional investors and hedge funds own 39.85% of the company’s stock.

A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Nova Measuring Instruments from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Nova Measuring Instruments from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 price objective on shares of Nova Measuring Instruments in a research report on Friday, September 1st. Stifel Nicolaus lifted their price objective on shares of Nova Measuring Instruments from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, BidaskClub upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Nova Measuring Instruments currently has an average rating of “Buy” and a consensus target price of $30.25.

Shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) opened at $27.72 on Wednesday. Nova Measuring Instruments Ltd. has a fifty-two week low of $12.00 and a fifty-two week high of $31.69. The company has a market capitalization of $773.45, a price-to-earnings ratio of 15.19 and a beta of 0.91.

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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.

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

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