Sei Investments Co. Grows Stock Holdings in Nova Ltd. (NASDAQ:NVMI)

Sei Investments Co. grew its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,153 shares of the semiconductor company's stock after buying an additional 25,728 shares during the quarter. Sei Investments Co. owned 0.50% of Nova worth $28,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Counterpoint Mutual Funds LLC bought a new stake in Nova during the fourth quarter worth $440,000. Royce & Associates LP raised its stake in shares of Nova by 12.8% during the 4th quarter. Royce & Associates LP now owns 165,710 shares of the semiconductor company's stock worth $32,637,000 after purchasing an additional 18,773 shares during the period. Truvestments Capital LLC boosted 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 worth $991,000 after buying an additional 84 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Nova by 0.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,576 shares of the semiconductor company's stock valued at $2,482,000 after buying an additional 85 shares during the period. Finally, Amundi grew its position in Nova by 4.7% during the fourth quarter. Amundi now owns 8,133 shares of the semiconductor company's stock valued at $1,602,000 after buying an additional 364 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Cantor Fitzgerald dropped their target price on shares of Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Benchmark lifted their price target on shares of Nova from $245.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Needham & Company LLC reissued a "hold" rating on shares of Nova in a report on Friday, February 14th. Finally, Citigroup raised Nova from a "neutral" rating to a "buy" rating and raised their target price for the stock from $226.00 to $240.00 in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Nova has an average rating of "Moderate Buy" and an average price target of $250.83.

Nova Stock Down 3.3 %

NASDAQ:NVMI traded down $6.40 during mid-day trading on Friday, hitting $186.43. 170,026 shares of the stock traded hands, compared to its average volume of 217,395. The business's 50-day moving average price is $234.84 and its 200 day moving average price is $210.45. The company has a market cap of $5.46 billion, a PE ratio of 32.48, a price-to-earnings-growth 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 released its quarterly earnings results 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). Nova had a return on equity of 22.33% and a net margin of 27.33%. The firm had revenue of $194.77 million during the quarter, compared to the consensus estimate of $186.50 million. Analysts anticipate that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.

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.