Nova Ltd. (NASDAQ:NVMI) Shares Acquired by Capital World Investors

Capital World Investors lifted its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 600,868 shares of the semiconductor company’s stock after purchasing an additional 150,000 shares during the quarter. Capital World Investors owned about 2.07% of Nova worth $118,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVMI. Morse Asset Management Inc increased its position in shares of Nova by 3.2% during the third quarter. Morse Asset Management Inc now owns 4,030 shares of the semiconductor company’s stock valued at $840,000 after acquiring an additional 125 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Nova by 47.3% during the 3rd quarter. Stifel Financial Corp now owns 2,852 shares of the semiconductor company’s stock worth $594,000 after purchasing an additional 916 shares during the period. Virtu Financial LLC increased its holdings in Nova by 33.6% in the 3rd quarter. Virtu Financial LLC now owns 2,938 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 739 shares during the last quarter. Tidal Investments LLC raised its position in Nova by 4.6% in the third quarter. Tidal Investments LLC now owns 15,142 shares of the semiconductor company’s stock valued at $3,155,000 after purchasing an additional 661 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Nova by 115.1% during the third 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. 82.99% of the stock is owned by institutional investors and hedge funds.

Nova Stock Up 0.6 %

Shares of NASDAQ:NVMI opened at $175.62 on Monday. Nova Ltd. has a fifty-two week low of $154.00 and a fifty-two week high of $289.90. The firm’s 50 day moving average price is $212.08 and its 200 day moving average price is $207.81. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.55 and a beta of 1.63.

Nova (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.04). The firm had revenue of $194.77 million for the quarter, compared to analysts’ expectations of $186.50 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. On average, equities analysts anticipate 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 weighed in on NVMI shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research note on Friday, February 14th. Cantor Fitzgerald cut their price target 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. Bank of America lowered their price objective on shares of Nova from $310.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Benchmark upped their target price on shares of Nova from $245.00 to $295.00 and gave the stock a “buy” rating in a research note 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 company from $226.00 to $240.00 in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $264.60.

Nova 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.