Nova Ltd. (NASDAQ:NVMI) Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 12.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,710 shares of the semiconductor company's stock after purchasing an additional 18,773 shares during the period. Royce & Associates LP owned approximately 0.57% of Nova worth $32,637,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC lifted its holdings in shares of Nova by 1.7% in the 4th quarter. Truvestments Capital LLC now owns 5,032 shares of the semiconductor company's stock valued at $991,000 after buying an additional 84 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Nova by 0.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,576 shares of the semiconductor company's stock valued at $2,482,000 after purchasing an additional 85 shares during the period. Amundi boosted its holdings in Nova by 4.7% during the fourth quarter. Amundi now owns 8,133 shares of the semiconductor company's stock worth $1,602,000 after buying an additional 364 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Nova by 79.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,182 shares of the semiconductor company's stock worth $233,000 after buying an additional 524 shares during the period. Finally, Callan Family Office LLC purchased a new position in Nova in the fourth quarter valued at about $611,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

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Nova Stock Up 2.8 %

Shares of NVMI traded up $5.49 on Thursday, hitting $200.96. 235,690 shares of the stock traded hands, compared to its average volume of 206,720. Nova Ltd. has a 1 year low of $158.00 and a 1 year high of $289.90. The stock's 50 day moving average is $239.26 and its two-hundred day moving average is $210.82. The firm has a market capitalization of $5.88 billion, a P/E ratio of 35.01, a P/E/G ratio of 2.55 and a beta of 1.46.

Nova (NASDAQ:NVMI - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share (EPS) 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 analyst estimates of $186.50 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. Research analysts forecast that Nova Ltd. will post 7.52 EPS for the current year.

Wall Street Analysts Forecast Growth

NVMI has been the topic of several research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Nova in a research note on Friday, February 14th. Cantor Fitzgerald dropped their target price on shares of Nova from $315.00 to $300.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Citigroup raised shares of Nova from a "neutral" rating to a "buy" rating and upped their price target for the company from $226.00 to $240.00 in a report on Monday, January 6th. Finally, Benchmark raised their price objective on shares of Nova from $245.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $250.83.

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.