Institutional Investors Are Dumping Nova Measuring Instruments LTD (NASDAQ:NVMI)

September 14, 2018 - By Pearl Odom

Sentiment for Nova Measuring Instruments LTD (NASDAQ:NVMI)

Nova Measuring Instruments LTD (NASDAQ:NVMI) institutional sentiment decreased to 0.78 in Q2 2018. Its down -0.62, from 1.4 in 2018Q1. The ratio has worsened, as 29 funds opened new or increased equity positions, while 37 sold and reduced their stock positions in Nova Measuring Instruments LTD. The funds in our partner’s database now possess: 9.16 million shares, up from 8.91 million shares in 2018Q1. Also, the number of funds holding Nova Measuring Instruments LTD in their top 10 equity positions decreased from 1 to 0 for a decrease of 1. Sold All: 19 Reduced: 18 Increased: 22 New Position: 7.

Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. The company has market cap of $737.59 million. The firm offers in-line and x-ray stand-alone metrology systems, as well as integrated optical metrology systems that attach directly to wafer fabrication process equipment. It has a 16.68 P/E ratio. The Company’s products include thin film and optical CD process control for dimensional, films, and material metrology measurements for process control across various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical polishing, and deposition.

The stock increased 0.80% or $0.21 during the last trading session, reaching $26.41. About 16,538 shares traded. Nova Measuring Instruments Ltd. (NASDAQ:NVMI) has risen 6.09% since September 14, 2017 and is uptrending. It has underperformed by 9.53% the S&P500.

Analysts await Nova Measuring Instruments Ltd. (NASDAQ:NVMI) to report earnings on November, 7. They expect $0.41 EPS, down 4.65 % or $0.02 from last year’s $0.43 per share. NVMI’s profit will be $11.45M for 16.10 P/E if the $0.41 EPS becomes a reality. After $0.43 actual EPS reported by Nova Measuring Instruments Ltd. for the previous quarter, Wall Street now forecasts -4.65 % negative EPS growth.

Needham Investment Management Llc holds 2.27% of its portfolio in Nova Measuring Instruments Ltd. for 296,500 shares. Menora Mivtachim Holdings Ltd. owns 1.82 million shares or 1.4% of their US portfolio. Moreover, Clal Insurance Enterprises Holdings Ltd has 0.47% invested in the company for 663,997 shares. The Wisconsin-based Timpani Capital Management Llc has invested 0.44% in the stock. Cypress Capital Management Llc (Wy), a Wyoming-based fund reported 11,360 shares.

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) Ratings Coverage

Ratings analysis reveals 100% of Nova Measuring’s analysts are positive. Out of 2 Wall Street analysts rating Nova Measuring, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $33 while the high is $35.0. The stock’s average target of $34 is 28.74% above today’s ($26.41) share price. NVMI was included in 3 notes of analysts from March 19, 2018. Benchmark maintained Nova Measuring Instruments Ltd. (NASDAQ:NVMI) rating on Monday, March 19. Benchmark has “Buy” rating and $35.0 target. Benchmark maintained the shares of NVMI in report on Friday, June 15 with “Buy” rating.

Another recent and important Nova Measuring Instruments Ltd. (NASDAQ:NVMI) news was published by Nasdaq.com which published an article titled: “Research Report Identifies Blucora, Sapiens International Corporation NV, AxoGen, Epizyme, Nova Measuring …” on August 20, 2018.

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) Ratings Chart

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