Legal & General Group Plc lifted its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,538 shares of the semiconductor company's stock after acquiring an additional 3,384 shares during the period. Legal & General Group Plc owned 0.36% of Nova worth $20,631,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Nova by 253.9% during the third quarter. JPMorgan Chase & Co. now owns 35,327 shares of the semiconductor company's stock worth $7,360,000 after purchasing an additional 25,345 shares during the period. SkyOak Wealth LLC purchased a new position in Nova in the fourth quarter worth approximately $327,000. Franklin Resources Inc. increased its stake in Nova by 115.1% during the third quarter. Franklin Resources Inc. now owns 661,282 shares of the semiconductor company's stock worth $146,515,000 after acquiring an additional 353,906 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Nova by 7.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,370,985 shares of the semiconductor company's stock valued at $270,015,000 after purchasing an additional 97,000 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Nova by 1.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company's stock valued at $230,358,000 after purchasing an additional 11,915 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and boosted their price objective for the company 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. Benchmark lifted their target price on shares of Nova from $245.00 to $295.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, 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. 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, the company currently has an average rating of "Moderate Buy" and an average price target of $250.83.
Check Out Our Latest Research Report on Nova
Nova Stock Up 1.4 %
NVMI stock traded up $2.62 during midday trading on Tuesday, hitting $186.78. The company's stock had a trading volume of 161,445 shares, compared to its average volume of 225,891. The firm has a 50-day simple moving average of $217.98 and a 200-day simple moving average of $208.46. Nova Ltd. has a 52-week low of $154.00 and a 52-week high of $289.90. The firm has a market capitalization of $5.47 billion, a P/E ratio of 32.54, a PEG ratio of 2.55 and a beta of 1.63.
Nova (NASDAQ:NVMI - Get Free Report) last released 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 firm had revenue of $194.77 million for the quarter, compared to analysts' expectations of $186.50 million. On average, sell-side analysts expect that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.
Nova Company Profile
(
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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