Twin Tree Management LP lowered its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 83.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,293 shares of the semiconductor company's stock after selling 16,305 shares during the period. Twin Tree Management LP's holdings in Nova were worth $649,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Quarry LP boosted its stake 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. Advisors Asset Management Inc. boosted its position in 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 acquiring an additional 78 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Nova by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company's stock worth $79,000 after acquiring an additional 78 shares during the period. SBI Securities Co. Ltd. acquired a new position in Nova in the 4th quarter valued at $112,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of 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 purchasing an additional 524 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.
Nova Stock Down 2.1 %
Shares of NASDAQ NVMI traded down $4.20 during midday trading on Friday, hitting $196.76. The stock had a trading volume of 174,683 shares, compared to its average volume of 206,883. The company has a fifty day moving average price of $238.47 and a 200 day moving average price of $210.57. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 34.28, a PEG 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.
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). Nova had a net margin of 27.33% and a return on equity of 22.33%. The business had revenue of $194.77 million for the quarter, compared to analyst estimates of $186.50 million. On average, research analysts forecast that Nova Ltd. will post 7.52 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Benchmark lifted their price objective on Nova from $245.00 to $295.00 and gave the company a "buy" rating in a research 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 for the company in a research note on Friday, March 14th. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a report on Friday, February 14th. Finally, Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and boosted their target price for the company from $226.00 to $240.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $250.83.
Check Out Our Latest Research Report on NVMI
Nova 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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