Capital Fund Management S.A. Takes $2.21 Million Position in Nova Ltd. (NASDAQ:NVMI)

Capital Fund Management S.A. acquired a new position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,198 shares of the semiconductor company's stock, valued at approximately $2,205,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of Nova by 0.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,688 shares of the semiconductor company's stock worth $1,120,000 after purchasing an additional 44 shares during the period. Quadrant Capital Group LLC lifted its position in Nova by 5.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,030 shares of the semiconductor company's stock worth $203,000 after buying an additional 51 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Nova by 5.0% during the 4th 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 period. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Nova by 1.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,742 shares of the semiconductor company's stock valued at $935,000 after acquiring an additional 63 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Nova by 6.1% in the fourth 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. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald cut their price objective on shares of Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Citigroup raised shares of Nova from a "neutral" rating to a "buy" rating and increased their price target for the company from $226.00 to $240.00 in a report on Monday, January 6th. Benchmark upped their price objective 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. Bank of America decreased their target price on Nova from $310.00 to $248.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Needham & Company LLC reissued a "hold" rating on shares of Nova in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $264.60.

Nova Stock Up 0.6 %

NVMI stock traded up $1.08 during midday trading on Friday, reaching $175.62. 296,290 shares of the company's stock traded hands, compared to its average volume of 226,860. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.55 and a beta of 1.63. The company has a 50-day simple moving average of $212.08 and a two-hundred day simple moving average of $207.70. Nova Ltd. has a 1-year low of $154.00 and a 1-year high of $289.90.

Nova (NASDAQ:NVMI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $194.77 million during the quarter, compared to the consensus estimate of $186.50 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. Equities research analysts forecast that Nova Ltd. will post 7.52 EPS for the current year.

Nova Company 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.