Clal Insurance Enterprises Holdings Ltd raised its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,383,339 shares of the semiconductor company's stock after acquiring an additional 101,470 shares during the period. Nova makes up about 2.5% of Clal Insurance Enterprises Holdings Ltd's investment portfolio, making the stock its 13th largest position. Clal Insurance Enterprises Holdings Ltd owned 4.76% of Nova worth $272,517,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Quarry LP boosted its holdings in Nova by 438.5% during the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 114 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Nova by 89.7% during the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 78 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Nova during the fourth quarter valued at $112,000. Lifestyle Asset Management Inc. bought a new position in shares of Nova in the third quarter worth about $257,000. Finally, Blue Trust Inc. grew its holdings 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 purchasing an additional 73 shares during the last quarter. Institutional investors own 82.99% of the company's stock.
Analyst Upgrades and Downgrades
NVMI has been the subject of a number of research analyst reports. Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $226.00 to $240.00 in a report on Monday, January 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research note on Friday, February 14th. Benchmark increased their price objective on Nova from $245.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Cantor Fitzgerald assumed coverage on Nova in a report on Monday, January 13th. They set an "overweight" rating and a $275.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $246.67.
View Our Latest Stock Analysis on NVMI
Nova Stock Up 1.7 %
Shares of NASDAQ NVMI traded up $3.81 during midday trading on Wednesday, reaching $227.33. 337,414 shares of the company's stock traded hands, compared to its average volume of 200,336. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 39.60, a P/E/G ratio of 2.55 and a beta of 1.44. The stock's 50 day simple moving average is $237.31 and its 200-day simple moving average is $211.57. Nova Ltd. has a one year low of $158.00 and a one year high of $289.90.
Nova (NASDAQ:NVMI - Get Free Report) last posted 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 company had revenue of $194.77 million for the quarter, compared to analysts' expectations of $186.50 million. Equities analysts predict that Nova Ltd. will post 7.52 EPS for the current fiscal year.
Nova Company Profile
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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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