Nova Ltd. (NASDAQ:NVMI) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Nova Ltd. (NASDAQ:NVMI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $264.60.

A number of research analysts recently issued reports on the company. Cantor Fitzgerald reduced their price target on Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Citigroup raised Nova from a "neutral" rating to a "buy" rating and boosted their target price for the company from $226.00 to $240.00 in a research note on Monday, January 6th. Bank of America dropped their price target on Nova from $310.00 to $248.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC reissued a "hold" rating on shares of Nova in a research report on Friday, February 14th. Finally, Benchmark raised their target price on shares of Nova from $245.00 to $295.00 and gave the stock a "buy" rating in a research report on Friday, February 14th.

Nova Price Performance

Shares of NVMI opened at $196.65 on Monday. The firm has a market cap of $5.76 billion, a P/E ratio of 34.26, a P/E/G ratio of 2.55 and a beta of 1.63. Nova has a 1 year low of $154.00 and a 1 year high of $289.90. The stock has a 50 day simple moving average of $204.05 and a two-hundred day simple moving average of $207.03.

Nova (NASDAQ:NVMI - Get Free Report) last issued its earnings results on Thursday, February 13th. The semiconductor company reported $1.78 EPS 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 business had revenue of $194.77 million during the quarter, compared to analysts' expectations of $186.50 million. On average, equities analysts anticipate that Nova will post 7.52 earnings per share for the current year.

Institutional Investors Weigh In On Nova

A number of hedge funds and other institutional investors have recently bought and sold shares of NVMI. Steward Partners Investment Advisory LLC grew its stake in shares of Nova by 24.1% in the fourth 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 during the last quarter. Quarry LP increased its stake in Nova by 187.1% during the 4th quarter. Quarry LP now owns 402 shares of the semiconductor company's stock valued at $79,000 after purchasing an additional 262 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Nova during the fourth quarter valued at approximately $112,000. Quadrant Capital Group LLC lifted its position in Nova by 5.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,030 shares of the semiconductor company's stock valued at $203,000 after acquiring an additional 51 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in Nova by 5.0% during the 4th 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 last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

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.

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