Franklin Resources Inc. lifted its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 674,453 shares of the semiconductor company's stock after purchasing an additional 13,171 shares during the quarter. Franklin Resources Inc. owned 2.32% of Nova worth $132,834,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of NVMI. Quarry LP raised its holdings in shares of Nova by 438.5% in 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 in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Nova by 24.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company's stock valued at $79,000 after purchasing an additional 78 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Nova in the 4th quarter worth approximately $112,000. PNC Financial Services Group Inc. raised its position in shares of Nova by 79.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,182 shares of the semiconductor company's stock valued at $233,000 after buying an additional 524 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Nova during the fourth quarter valued at about $237,000. 82.99% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
NVMI has been the subject of a number of recent research reports. Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $226.00 to $240.00 in a report on Monday, January 6th. Needham & Company LLC restated a "hold" rating on shares of Nova in a report on Friday, February 14th. Cantor Fitzgerald decreased their price target on Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Finally, Benchmark increased their target price on shares of Nova from $245.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Nova currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.83.
Get Our Latest Research Report on NVMI
Nova Stock Performance
Shares of NASDAQ:NVMI traded up $4.86 during midday trading on Monday, reaching $166.89. 337,404 shares of the company's stock traded hands, compared to its average volume of 220,527. Nova Ltd. has a one year low of $154.00 and a one year high of $289.90. The stock has a 50 day moving average of $227.45 and a 200 day moving average of $209.95. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 2.55 and a beta of 1.63.
Nova (NASDAQ:NVMI - Get Free Report) last issued its earnings results on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share (EPS) 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 analysts' expectations of $186.50 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. Sell-side 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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