Nova Ltd. (NASDAQ:NVMI) Stock Holdings Cut by American Century Companies Inc.

American Century Companies Inc. cut its position in Nova Ltd. (NASDAQ:NVMI - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,998 shares of the semiconductor company's stock after selling 39,100 shares during the quarter. American Century Companies Inc. owned approximately 0.40% of Nova worth $23,043,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Quarry LP grew its holdings in Nova by 438.5% during the third quarter. Quarry LP now owns 140 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 114 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Nova by 89.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 78 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings 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 worth $79,000 after acquiring an additional 78 shares during the period. SBI Securities Co. Ltd. purchased a new position in Nova in the 4th quarter valued at approximately $112,000. Finally, PNC Financial Services Group Inc. raised its holdings in Nova by 79.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,182 shares of the semiconductor company's stock worth $233,000 after purchasing an additional 524 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Nova Stock Performance

Shares of NVMI stock traded down $19.49 during mid-day trading on Thursday, reaching $172.19. 298,766 shares of the company were exchanged, compared to its average volume of 218,760. The company has a market capitalization of $5.04 billion, a P/E ratio of 30.00, a P/E/G ratio of 2.55 and a beta of 1.46. Nova Ltd. has a fifty-two week low of $158.00 and a fifty-two week high of $289.90. The business's 50 day simple moving average is $229.26 and its 200 day simple moving average is $209.91.

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 analysts' consensus estimates of $1.82 by ($0.04). Nova had a return on equity of 22.33% and a net margin of 27.33%. The company had revenue of $194.77 million for the quarter, compared to analyst estimates of $186.50 million. On average, analysts forecast that Nova Ltd. will post 7.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NVMI shares. Citigroup raised Nova from a "neutral" rating to a "buy" rating and upped their target price for the company 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 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 report on Friday, March 14th. Finally, Benchmark increased their price target on shares of Nova from $245.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.