Trexquant Investment LP raised its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 99.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,826 shares of the semiconductor company's stock after acquiring an additional 16,336 shares during the period. Trexquant Investment LP owned approximately 0.11% of Nova worth $6,465,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP raised its position in Nova by 438.5% in the third quarter. Quarry LP now owns 140 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 114 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of 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 in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Nova during the 4th quarter valued at about $112,000. PNC Financial Services Group Inc. lifted its position in Nova by 79.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,182 shares of the semiconductor company's stock worth $233,000 after acquiring an additional 524 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in Nova in the 4th quarter worth approximately $237,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
NVMI has been the topic of a number of recent analyst reports. Benchmark boosted their price objective on shares of Nova from $245.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Cantor Fitzgerald lowered their price objective on Nova from $315.00 to $300.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Needham & Company LLC restated a "hold" rating on shares of Nova in a report on Friday, February 14th. Finally, Citigroup raised shares of Nova from a "neutral" rating to a "buy" rating and raised their price target for the stock from $226.00 to $240.00 in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.83.
Check Out Our Latest Stock Analysis on Nova
Nova Trading Down 8.7 %
Nova stock traded down $16.62 during mid-day trading on Thursday, reaching $175.11. The company's stock had a trading volume of 90,159 shares, compared to its average volume of 224,032. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 2.55 and a beta of 1.63. Nova Ltd. has a twelve month low of $154.00 and a twelve month high of $289.90. The business has a 50 day moving average price of $221.78 and a 200-day moving average price of $208.98.
Nova (NASDAQ:NVMI - Get Free Report) last posted its 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). 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. On average, equities analysts expect that Nova Ltd. will post 7.52 EPS for the current fiscal year.
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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