Nova Ltd. (NASDAQ:NVMI) Shares Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP raised its position in Nova Ltd. (NASDAQ:NVMI - Free Report) by 168.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,499 shares of the semiconductor company's stock after purchasing an additional 7,847 shares during the quarter. Mirabella Financial Services LLP's holdings in Nova were worth $2,462,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its stake in 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 acquiring an additional 78 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Nova during the fourth quarter worth about $112,000. Quadrant Capital Group LLC lifted its position in shares of Nova by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,030 shares of the semiconductor company's stock worth $203,000 after purchasing an additional 51 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Nova by 5.0% in the fourth quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company's stock valued at $226,000 after purchasing an additional 55 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of 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

Several equities analysts have commented on NVMI shares. Cantor Fitzgerald decreased their price target on shares of Nova from $315.00 to $300.00 and set an "overweight" rating for the company in a research report on Friday, March 14th. Benchmark raised 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. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a report on Friday, February 14th. Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and raised their price objective for the company from $226.00 to $240.00 in a report on Monday, January 6th. Finally, Bank of America lowered their target price on shares of Nova from $310.00 to $248.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $264.60.

Nova Stock Up 4.4 %

NVMI traded up $7.73 on Wednesday, reaching $181.86. The company had a trading volume of 178,786 shares, compared to its average volume of 226,662. The stock has a 50-day moving average price of $208.73 and a 200-day moving average price of $207.37. The stock has a market capitalization of $5.32 billion, a PE ratio of 31.68, a P/E/G ratio of 2.55 and a beta of 1.63. Nova Ltd. has a 1 year low of $154.00 and a 1 year high of $289.90.

Nova (NASDAQ:NVMI - Get Free Report) last announced its earnings results 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). The firm 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%. As a group, analysts expect that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.

Nova 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.