Shares of Nova Ltd. (NASDAQ:NVMI - Get Free Report) have been given an average rating of "Moderate Buy" by the seven analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $246.67.
Several equities research analysts have issued reports on the company. Cantor Fitzgerald started coverage on Nova in a research note on Monday, January 13th. They set an "overweight" rating and a $275.00 price target for the company. Citigroup upgraded Nova from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $226.00 to $240.00 in a research report on Monday, January 6th. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a research report on Friday, February 14th. Finally, Benchmark boosted their price objective on shares of Nova from $245.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, February 14th.
Check Out Our Latest Report on Nova
Nova Stock Up 5.8 %
Shares of NVMI stock traded up $12.32 during trading on Friday, hitting $223.96. The company had a trading volume of 240,486 shares, compared to its average volume of 201,486. The stock's 50-day moving average is $239.18 and its two-hundred day moving average is $211.24. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 2.55 and a beta of 1.46. Nova has a 52 week low of $158.00 and a 52 week high of $289.90.
Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly 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 company had revenue of $194.77 million during the quarter, compared to the consensus estimate of $186.50 million. On average, research analysts predict that Nova will post 7.52 EPS for the current fiscal year.
Institutional Trading of Nova
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in shares of Nova by 3.1% in the third quarter. Van ECK Associates Corp now owns 7,604 shares of the semiconductor company's stock worth $1,584,000 after purchasing an additional 226 shares during the last quarter. TFB Advisors LLC grew its holdings in Nova by 9.0% in the 3rd quarter. TFB Advisors LLC now owns 1,848 shares of the semiconductor company's stock worth $385,000 after acquiring an additional 152 shares during the last quarter. Assetmark Inc. increased its position in shares of Nova by 1.8% in the third quarter. Assetmark Inc. now owns 36,113 shares of the semiconductor company's stock valued at $7,524,000 after acquiring an additional 626 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Nova by 6.5% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,273,985 shares of the semiconductor company's stock valued at $265,422,000 after acquiring an additional 78,000 shares during the last quarter. Finally, Aigen Investment Management LP boosted its holdings in shares of Nova by 75.4% during the third quarter. Aigen Investment Management LP now owns 2,984 shares of the semiconductor company's stock worth $622,000 after purchasing an additional 1,283 shares during the period. Institutional investors own 82.99% of the company's stock.
Nova Company Profile
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Get Free ReportNova 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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