Capital World Investors Has $118.34 Million Position in Nova Ltd. (NASDAQ:NVMI)

Capital World Investors raised its position in Nova Ltd. (NASDAQ:NVMI - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 600,868 shares of the semiconductor company's stock after buying an additional 150,000 shares during the period. Capital World Investors owned 2.07% of Nova worth $118,341,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc boosted its holdings in shares of Nova by 3.2% in the 3rd quarter. Morse Asset Management Inc now owns 4,030 shares of the semiconductor company's stock worth $840,000 after acquiring an additional 125 shares in the last quarter. Stifel Financial Corp boosted its stake in Nova by 47.3% in the third quarter. Stifel Financial Corp now owns 2,852 shares of the semiconductor company's stock worth $594,000 after purchasing an additional 916 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of Nova by 33.6% during the third quarter. Virtu Financial LLC now owns 2,938 shares of the semiconductor company's stock worth $612,000 after purchasing an additional 739 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Nova by 4.6% during the third quarter. Tidal Investments LLC now owns 15,142 shares of the semiconductor company's stock worth $3,155,000 after purchasing an additional 661 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Nova by 115.1% in the third quarter. Franklin Resources Inc. now owns 661,282 shares of the semiconductor company's stock valued at $146,515,000 after buying an additional 353,906 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Benchmark increased 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. Bank of America decreased their price target on shares of Nova from $310.00 to $248.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and boosted their price objective 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, Cantor Fitzgerald dropped their target price on Nova from $315.00 to $300.00 and set an "overweight" rating for the company in a research report on Friday, March 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Nova currently has an average rating of "Moderate Buy" and an average price target of $264.60.

Nova Price Performance

Shares of Nova stock traded down $0.10 on Friday, hitting $196.65. 126,453 shares of the company's stock traded hands, compared to its average volume of 223,943. The firm's 50-day moving average price is $205.58 and its two-hundred day moving average price is $207.16. The stock has a market capitalization of $5.76 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 2.55 and a beta of 1.63. Nova Ltd. has a one year low of $154.00 and a one year high of $289.90.

Nova (NASDAQ:NVMI - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.04). The business had revenue of $194.77 million for the quarter, compared to the consensus estimate of $186.50 million. Nova had a net margin of 27.33% and a return on equity of 22.33%. On average, analysts forecast 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.