Clal Insurance Enterprises Holdings Ltd Lowers stake in Nova Measuring Instruments Ltd. (NVMI)

Nova Measuring Instruments Ltd. (NVMI) : Clal Insurance Enterprises Holdings Ltd reduced its stake in Nova Measuring Instruments Ltd. by 11.77% during the most recent quarter end. The investment management company now holds a total of 861,753 shares of Nova Measuring Instruments Ltd. which is valued at $9,720,574 after selling 115,000 shares in Nova Measuring Instruments Ltd. , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Nova Measuring Instruments Ltd. makes up approximately 0.24% of Clal Insurance Enterprises Holdings Ltd’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na sold out all of its stake in NVMI during the most recent quarter. The investment firm sold 100 shares of NVMI which is valued $1,116. Stanley-laman Group Ltd. sold out all of its stake in NVMI during the most recent quarter. The investment firm sold 19,703 shares of NVMI which is valued $219,885.Acadian Asset Management boosted its stake in NVMI in the latest quarter, The investment management firm added 38,210 additional shares and now holds a total of 200,867 shares of Nova Measuring Instruments Ltd. which is valued at $2,289,884. Nova Measuring Instruments Ltd. makes up approx 0.01% of Acadian Asset Management’s portfolio. Cutler Group Lp sold out all of its stake in NVMI during the most recent quarter. The investment firm sold 107 shares of NVMI which is valued $1,249.

Nova Measuring Instruments Ltd. opened for trading at $11.41 and hit $11.5 on the upside on Monday, eventually ending the session at $11.4, with a gain of 1.15% or 0.13 points. The heightened volatility saw the trading volume jump to 14,311 shares. Company has a market cap of $309 M.

On the company’s financial health, Nova Measuring Instruments Ltd. reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.12. The company had revenue of $35.60 million for the quarter, compared to analysts expectations of $36.01 million. The company’s revenue was down -12.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.

Nova Measuring Instruments Ltd. (Nova) is a designer developer and producer of optical process control solutions used in the manufacturing process of semiconductor integrated circuits. The Company offers in-line stand-alone metrology systems as well as integrated metrology units that attach directly to process equipment. The Company supplies metrology solutions to semiconductor manufacturers around the world. The Company’s products include metrology systems for thin film measurement in chemical mechanical polishing and chemical vapor deposition applications optical CD and metal line thickness (MLT) systems for use in post-copper chemical mechanical polishing applications and optical critical dimension systems for lithography and etch applications. Its products include NovaScan 2040 NovaScan 3090Next Nova T500 Nova i500 Nova T600 Nova V2600 TSV NovaMars Nova Hybrid Metrology solution Nova Fleet Management NovaNet and NovaHPC (High Power Computer).

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