Headlands Technologies LLC Invests $662,000 in Nova Ltd. (NASDAQ:NVMI)

Headlands Technologies LLC acquired a new stake in Nova Ltd. (NASDAQ:NVMI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,360 shares of the semiconductor company's stock, valued at approximately $662,000.

Other institutional investors also recently bought and sold shares of the company. Quarry LP raised its holdings in shares of Nova by 438.5% in the third quarter. Quarry LP now owns 140 shares of the semiconductor company's stock worth $29,000 after buying an additional 114 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Nova by 24.1% in 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 during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Nova in the fourth quarter worth $112,000. PNC Financial Services Group Inc. raised its stake 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 during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Nova during the fourth quarter worth about $237,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Trading Up 4.6 %

NASDAQ NVMI traded up $7.38 on Monday, reaching $169.41. 362,592 shares of the company were exchanged, compared to its average volume of 220,598. Nova Ltd. has a fifty-two week low of $154.00 and a fifty-two week high of $289.90. The stock has a market capitalization of $4.96 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 2.55 and a beta of 1.63. The business's fifty day moving average price is $227.45 and its 200 day moving average price is $209.95.

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Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.82 by ($0.04). Nova had a net margin of 27.33% and a return on equity of 22.33%. The firm had revenue of $194.77 million during the quarter, compared to analysts' expectations of $186.50 million. Equities research analysts forecast that Nova Ltd. will post 7.52 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVMI. Citigroup raised shares of Nova from a "neutral" rating to a "buy" rating and lifted their target price for the company from $226.00 to $240.00 in a report on Monday, January 6th. Benchmark raised their target price on Nova from $245.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a report on Friday, February 14th. Finally, Cantor Fitzgerald dropped their price objective on Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $250.83.

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.