Vanguard Group Inc. grew its holdings in Nova Ltd. (NASDAQ:NVMI - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,047,782 shares of the semiconductor company's stock after acquiring an additional 14,667 shares during the quarter. Vanguard Group Inc. owned 3.61% of Nova worth $205,985,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Franklin Resources Inc. boosted its stake in Nova by 115.1% in the 3rd quarter. Franklin Resources Inc. now owns 661,282 shares of the semiconductor company's stock worth $146,515,000 after purchasing an additional 353,906 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Nova by 7.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,383,339 shares of the semiconductor company's stock valued at $272,517,000 after buying an additional 101,470 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Nova by 7.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,370,985 shares of the semiconductor company's stock valued at $270,015,000 after acquiring an additional 97,000 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Nova in the 3rd quarter valued at $19,659,000. Finally, Two Sigma Advisers LP increased its holdings in Nova by 121.9% in the third quarter. Two Sigma Advisers LP now owns 145,100 shares of the semiconductor company's stock valued at $30,230,000 after buying an additional 79,700 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.
Nova Stock Down 7.2 %
Shares of NVMI traded down $13.75 during trading on Thursday, reaching $177.98. 239,457 shares of the company traded hands, compared to its average volume of 225,004. The stock has a 50-day simple moving average of $220.50 and a 200-day simple moving average of $208.81. The stock has a market cap of $5.21 billion, a PE ratio of 31.01, a price-to-earnings-growth 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.
Nova (NASDAQ:NVMI - Get Free Report) last posted its 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 net margin of 27.33% and a return on equity of 22.33%. The company had revenue of $194.77 million during the quarter, compared to analyst estimates of $186.50 million. On average, equities research analysts predict that Nova Ltd. will post 7.52 EPS for the current year.
Analyst Upgrades and Downgrades
NVMI has been the topic of several research reports. Citigroup upgraded Nova from a "neutral" rating to a "buy" rating and raised their target price for the company from $226.00 to $240.00 in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research note on Friday, February 14th. Cantor Fitzgerald dropped their price target 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. Finally, Benchmark lifted their price target 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $250.83.
View Our Latest Stock 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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