Raymond James Financial Inc. bought a new position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 33,210 shares of the semiconductor company's stock, valued at approximately $6,541,000. Raymond James Financial Inc. owned approximately 0.11% of Nova at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Aigen Investment Management LP increased its stake in Nova by 6.1% during the fourth quarter. Aigen Investment Management LP now owns 3,165 shares of the semiconductor company's stock worth $623,000 after purchasing an additional 181 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Nova by 24.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company's stock worth $79,000 after buying an additional 78 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Nova by 7.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,383,339 shares of the semiconductor company's stock worth $272,517,000 after acquiring an additional 101,470 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Nova in the 4th quarter valued at about $112,000. Finally, Tower View Wealth Management LLC boosted its stake in shares of Nova by 1.1% in the 4th quarter. Tower View Wealth Management LLC now owns 19,649 shares of the semiconductor company's stock valued at $3,870,000 after buying an additional 214 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.
Nova Stock Performance
NVMI stock traded down $8.21 during midday trading on Thursday, reaching $192.83. 348,427 shares of the company were exchanged, compared to its average volume of 209,838. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 2.55 and a beta of 1.46. Nova Ltd. has a 1-year low of $158.00 and a 1-year high of $289.90. The stock's 50-day simple moving average is $237.00 and its 200 day simple moving average is $210.64.
Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.04). The company 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, research analysts anticipate that Nova Ltd. will post 7.52 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts recently weighed in on NVMI shares. Needham & Company LLC restated a "hold" rating on shares of Nova in a research note on Friday, February 14th. Benchmark increased their price objective on shares of Nova from $245.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Cantor Fitzgerald reduced their price objective on shares of Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Finally, Citigroup upgraded shares of 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 note on Monday, January 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $250.83.
Read Our Latest Research Report on Nova
Nova Company Profile
(
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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