Guggenheim Capital LLC acquired a new stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,177 shares of the semiconductor company's stock, valued at approximately $1,020,000.
Several other hedge funds and other institutional investors have also made changes to their positions in NVMI. Alliancebernstein L.P. grew its holdings in Nova by 0.8% during the 4th quarter. Alliancebernstein L.P. now owns 5,688 shares of the semiconductor company's stock valued at $1,120,000 after purchasing an additional 44 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Nova by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,030 shares of the semiconductor company's stock valued at $203,000 after buying an additional 51 shares during the period. Advisory Services Network LLC grew its stake in shares of Nova by 5.0% during the fourth quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company's stock valued at $226,000 after buying an additional 55 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Nova by 1.3% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 4,742 shares of the semiconductor company's stock worth $935,000 after buying an additional 63 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Nova by 6.1% during the 4th quarter. Blue Trust Inc. now owns 1,275 shares of the semiconductor company's stock worth $251,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.
Nova Price Performance
NASDAQ:NVMI opened at $174.13 on Wednesday. Nova Ltd. has a 1-year low of $154.00 and a 1-year high of $289.90. The company has a 50-day moving average of $208.73 and a 200 day moving average of $207.37. The firm has a market cap of $5.10 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 2.55 and a beta of 1.63.
Nova (NASDAQ:NVMI - Get Free Report) last announced 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 business had revenue of $194.77 million during the quarter, compared to analysts' expectations of $186.50 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. Sell-side analysts anticipate that Nova Ltd. will post 7.52 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have commented on NVMI. Benchmark upped their price objective on Nova from $245.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Nova in a report on Friday, February 14th. Cantor Fitzgerald reduced their price target on shares of Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Citigroup raised shares of Nova from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $226.00 to $240.00 in a research report on Monday, January 6th. Finally, Bank of America reduced their target price on shares of Nova from $310.00 to $248.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $264.60.
Read Our Latest Report on NVMI
Nova 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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