EFG Asset Management North America Corp. Invests $3.77 Million in Nova Ltd. (NASDAQ:NVMI)

EFG Asset Management North America Corp. acquired a new position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,152 shares of the semiconductor company's stock, valued at approximately $3,765,000. EFG Asset Management North America Corp. owned approximately 0.07% of Nova as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Quarry LP boosted its position in shares of Nova by 438.5% during the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 114 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Nova by 89.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 78 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Nova by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company's stock valued at $79,000 after purchasing an additional 78 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Nova during the 4th quarter worth $112,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Nova by 79.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,182 shares of the semiconductor company's stock worth $233,000 after buying an additional 524 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

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Nova Price Performance

Shares of NVMI stock traded down $6.40 on Friday, reaching $186.43. 170,026 shares of the company were exchanged, compared to its average volume of 217,395. The company has a 50-day moving average of $234.84 and a 200-day moving average of $210.54. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 2.55 and a beta of 1.46. Nova Ltd. has a one year low of $158.00 and a one year high of $289.90.

Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $1.78 EPS for the quarter, missing analysts' consensus estimates of $1.82 by ($0.04). Nova had a net margin of 27.33% and a return on equity of 22.33%. The firm had revenue of $194.77 million during the quarter, compared to analyst estimates of $186.50 million. As a group, sell-side analysts predict that Nova Ltd. will post 7.52 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on NVMI shares. Needham & Company LLC reissued a "hold" rating on shares of Nova in a report on Friday, February 14th. Cantor Fitzgerald cut their price target on Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Benchmark upped their price objective on Nova from $245.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Citigroup raised shares of Nova from a "neutral" rating to a "buy" rating and upped their price objective for the company from $226.00 to $240.00 in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Nova has a consensus rating of "Moderate Buy" and a consensus price target of $250.83.

Nova Profile

Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging.