Counterpoint Mutual Funds LLC acquired a new position in Nova Ltd. (NASDAQ:NVMI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,232 shares of the semiconductor company's stock, valued at approximately $440,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVMI. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Nova by 74.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,281,869 shares of the semiconductor company's stock worth $267,487,000 after purchasing an additional 547,833 shares during the last quarter. Franklin Resources Inc. increased its holdings in Nova by 115.1% in the 3rd quarter. Franklin Resources Inc. now owns 661,282 shares of the semiconductor company's stock worth $146,515,000 after buying an additional 353,906 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Nova by 7.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,370,985 shares of the semiconductor company's stock worth $270,015,000 after buying an additional 97,000 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Nova during the 3rd quarter valued at about $19,659,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of Nova by 121.9% during the 3rd quarter. Two Sigma Advisers LP now owns 145,100 shares of the semiconductor company's stock valued at $30,230,000 after acquiring an additional 79,700 shares during the last quarter. 82.99% of the stock is owned by institutional investors.
Nova Trading Down 2.1 %
NASDAQ NVMI traded down $4.20 on Friday, hitting $196.76. 174,683 shares of the company traded hands, compared to its average volume of 206,726. The business's 50 day moving average price is $238.88 and its 200-day moving average price is $210.75. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 2.55 and a beta of 1.46. Nova Ltd. has a 52-week low of $158.00 and a 52-week high of $289.90.
Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.04). The firm had revenue of $194.77 million for the quarter, compared to analysts' expectations of $186.50 million. Nova had a net margin of 27.33% and a return on equity of 22.33%. As a group, sell-side analysts predict that Nova Ltd. will post 7.52 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on NVMI. Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and raised their target price for the stock from $226.00 to $240.00 in a report on Monday, January 6th. Needham & Company LLC restated a "hold" rating on shares of Nova in a research note on Friday, February 14th. Cantor Fitzgerald cut their price objective on Nova from $315.00 to $300.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Finally, Benchmark increased their target price on Nova from $245.00 to $295.00 and gave the company a "buy" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.83.
Check Out Our Latest Report on Nova
Nova Company Profile
(
Free Report)
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.
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