Phoenix Financial Ltd. increased its stake in Nova Ltd. (NASDAQ:NVMI - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 262,540 shares of the semiconductor company's stock after acquiring an additional 22,500 shares during the quarter. Phoenix Financial Ltd. owned approximately 0.90% of Nova worth $51,710,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of Nova by 438.5% during the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 114 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position 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 purchasing an additional 78 shares during the period. SBI Securities Co. Ltd. acquired a new position in Nova during the 4th quarter worth about $112,000. Quadrant Capital Group LLC boosted its stake in shares of Nova by 5.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,030 shares of the semiconductor company's stock valued at $203,000 after purchasing an additional 51 shares during the period. Finally, Advisory Services Network LLC boosted its position in Nova by 5.0% in the 4th quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company's stock valued at $226,000 after buying an additional 55 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Citigroup upgraded Nova from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $226.00 to $240.00 in a research note on Monday, January 6th. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a report on Friday, February 14th. Cantor Fitzgerald dropped their price objective on shares of Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Finally, Benchmark lifted their price objective 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Nova currently has a consensus rating of "Moderate Buy" and an average price target of $250.83.
Get Our Latest Stock Analysis on NVMI
Nova Trading Up 0.3 %
Shares of NASDAQ NVMI traded up $0.53 during mid-day trading on Tuesday, reaching $184.69. The company had a trading volume of 66,947 shares, compared to its average volume of 224,925. The firm has a 50 day simple moving average of $217.98 and a two-hundred day simple moving average of $208.46. Nova Ltd. has a 52-week low of $154.00 and a 52-week high of $289.90. The stock has a market cap of $5.41 billion, a P/E ratio of 32.18, a PEG ratio of 2.55 and a beta of 1.63.
Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.82 by ($0.04). The firm 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%. On average, equities analysts expect that Nova Ltd. will post 7.52 EPS for the current year.
Nova Company Profile
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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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