Montanaro Asset Management Ltd cut its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 31.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,958 shares of the semiconductor company's stock after selling 34,400 shares during the period. Nova comprises about 3.1% of Montanaro Asset Management Ltd's portfolio, making the stock its 13th biggest position. Montanaro Asset Management Ltd owned about 0.26% of Nova worth $14,960,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. Blue Trust Inc. raised its holdings in Nova by 6.1% in the fourth quarter. Blue Trust Inc. now owns 1,275 shares of the semiconductor company's stock valued at $251,000 after acquiring an additional 73 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Nova by 89.7% during the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 78 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Nova by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company's stock valued at $79,000 after buying an additional 78 shares during the last quarter. Truvestments Capital LLC raised its stake in Nova by 1.7% in the fourth 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Nova by 0.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,576 shares of the semiconductor company's stock worth $2,482,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.
Nova Trading Down 2.7 %
Shares of NVMI traded down $5.07 during trading hours on Monday, reaching $181.36. The company had a trading volume of 83,070 shares, compared to its average volume of 216,869. The firm has a 50 day simple moving average of $234.84 and a 200-day simple moving average of $210.60. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 2.55 and a beta of 1.46. Nova Ltd. has a 12-month low of $158.00 and a 12-month high of $289.90.
Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share 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 analysts' expectations of $186.50 million. Nova had a net margin of 27.33% and a return on equity of 22.33%. Sell-side analysts forecast that Nova Ltd. will post 7.52 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Cantor Fitzgerald lowered their price target on Nova from $315.00 to $300.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Benchmark upped their price objective on shares of Nova from $245.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Citigroup raised Nova from a "neutral" rating to a "buy" rating and increased their price objective for the company from $226.00 to $240.00 in a report on Monday, January 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Nova in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $250.83.
Check Out Our Latest Analysis on NVMI
About Nova
(
Free Report)
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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