Congress Wealth Management LLC DE raised its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 4.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,974 shares of the semiconductor company's stock after acquiring an additional 1,442 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.13% of Nova worth $7,282,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP raised its stake in Nova by 438.5% in the third quarter. Quarry LP now owns 140 shares of the semiconductor company's stock valued at $29,000 after buying an additional 114 shares during the period. Advisors Asset Management Inc. boosted its holdings in Nova by 89.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 78 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Nova by 24.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company's stock worth $79,000 after purchasing an additional 78 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Nova during the 4th quarter worth $112,000. Finally, PNC Financial Services Group Inc. raised its stake in Nova by 79.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,182 shares of the semiconductor company's stock valued at $233,000 after purchasing an additional 524 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently commented on NVMI. Cantor Fitzgerald dropped their target price on shares of Nova from $315.00 to $300.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Citigroup upgraded Nova from a "neutral" rating to a "buy" rating and increased their price target for the stock from $226.00 to $240.00 in a report on Monday, January 6th. Benchmark increased their target price on shares of Nova from $245.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $250.83.
View Our Latest Stock Report on Nova
Nova Stock Performance
NVMI stock traded down $6.40 during trading on Friday, hitting $186.43. 170,020 shares of the company traded hands, compared to its average volume of 217,188. The company has a 50-day moving average of $236.01 and a 200-day moving average of $210.52. The firm has a market capitalization of $5.46 billion, a PE ratio of 32.48, a P/E/G ratio of 2.55 and a beta of 1.46. Nova Ltd. has a 1 year low of $158.00 and a 1 year high of $289.90.
Nova (NASDAQ:NVMI - Get Free Report) last issued its earnings results on Thursday, February 13th. The semiconductor company reported $1.78 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $186.50 million. Sell-side analysts expect that Nova Ltd. will post 7.52 EPS for the current 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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