Essex Investment Management Co. LLC lessened its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 81.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 900 shares of the semiconductor company's stock after selling 3,922 shares during the quarter. Essex Investment Management Co. LLC's holdings in Nova were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its stake in Nova by 6.1% during the fourth quarter. Blue Trust Inc. now owns 1,275 shares of the semiconductor company's stock worth $251,000 after buying an additional 73 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings 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 during the period. Steward Partners Investment Advisory LLC boosted 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 valued at $79,000 after acquiring an additional 78 shares in the last quarter. Quarry LP increased 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 acquiring an additional 114 shares during the period. Finally, Morse Asset Management Inc raised its position in Nova by 3.2% in the third quarter. Morse Asset Management Inc now owns 4,030 shares of the semiconductor company's stock worth $840,000 after purchasing an additional 125 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on NVMI shares. 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research note on Friday, February 14th. Benchmark upped their price target on Nova from $245.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Citigroup raised 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Nova currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.67.
View Our Latest Research Report on Nova
Nova Stock Down 4.2 %
NVMI stock traded down $9.53 during midday trading on Thursday, reaching $215.22. 306,944 shares of the company's stock traded hands, compared to its average volume of 202,316. The company has a 50-day simple moving average of $239.74 and a two-hundred day simple moving average of $211.33. Nova Ltd. has a 1-year low of $158.00 and a 1-year high of $289.90. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 2.55 and a beta of 1.46.
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). The business had revenue of $194.77 million during the quarter, compared to analyst estimates of $186.50 million. Nova had a net margin of 27.33% and a return on equity of 22.33%. Equities research analysts forecast that Nova Ltd. will post 7.52 EPS for the current 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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