Callan Family Office LLC bought a new position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,104 shares of the semiconductor company's stock, valued at approximately $611,000.
Several other hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp increased its stake in Nova by 3.1% in the third quarter. Van ECK Associates Corp now owns 7,604 shares of the semiconductor company's stock valued at $1,584,000 after acquiring an additional 226 shares during the last quarter. Assetmark Inc. boosted its position in Nova by 1.8% in the third quarter. Assetmark Inc. now owns 36,113 shares of the semiconductor company's stock valued at $7,524,000 after buying an additional 626 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Nova by 6.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,273,985 shares of the semiconductor company's stock valued at $265,422,000 after buying an additional 78,000 shares in the last quarter. Aigen Investment Management LP boosted its position in Nova by 75.4% in the third quarter. Aigen Investment Management LP now owns 2,984 shares of the semiconductor company's stock valued at $622,000 after buying an additional 1,283 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Nova by 33.8% in the third quarter. Royce & Associates LP now owns 146,937 shares of the semiconductor company's stock valued at $30,613,000 after buying an additional 37,089 shares in the last quarter. 82.99% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on NVMI shares. Cantor Fitzgerald started coverage on shares of Nova in a research report on Monday, January 13th. They issued an "overweight" rating and a $275.00 target price on the stock. Needham & Company LLC restated a "hold" rating on shares of Nova in a research report on Friday, February 14th. Benchmark raised their target price 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. Finally, Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and raised their target price for the company from $226.00 to $240.00 in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $246.67.
Check Out Our Latest Stock Analysis on NVMI
Nova Stock Performance
Shares of NASDAQ:NVMI traded down $9.53 during mid-day trading on Thursday, reaching $215.22. 306,944 shares of the company's stock were exchanged, compared to its average volume of 202,316. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 2.55 and a beta of 1.46. The business's fifty day moving average price is $239.74 and its 200-day moving average price is $211.33. Nova Ltd. has a twelve month low of $158.00 and a twelve month high of $289.90.
Nova (NASDAQ:NVMI - Get Free Report) last announced its 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 firm had revenue of $194.77 million for the quarter, compared to the consensus estimate of $186.50 million. Analysts predict that Nova Ltd. will post 7.52 EPS for the current fiscal year.
About Nova
(
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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