2,232 Shares in Nova Ltd. (NASDAQ:NVMI) Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new position in Nova Ltd. (NASDAQ:NVMI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,232 shares of the semiconductor company’s stock, valued at approximately $440,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP boosted its holdings in Nova by 438.5% in the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock worth $29,000 after buying an additional 114 shares during the period. Advisors Asset Management Inc. lifted its stake in Nova by 89.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 78 shares in the last quarter. Steward Partners Investment Advisory LLC lifted 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 purchasing an additional 78 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Nova in the 4th quarter worth approximately $112,000. Finally, PNC Financial Services Group Inc. lifted its stake in Nova by 79.6% in 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 in the last quarter. 82.99% of the stock is owned by institutional investors.

Nova Stock Performance

NVMI stock opened at $206.27 on Tuesday. Nova Ltd. has a 52 week low of $158.00 and a 52 week high of $289.90. The firm’s fifty day moving average is $240.11 and its 200 day moving average is $211.11. The firm has a market cap of $6.04 billion, a P/E ratio of 35.94, a P/E/G ratio of 2.55 and a beta of 1.46.

Nova (NASDAQ:NVMI) last released 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 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 the consensus estimate of $186.50 million. As a group, analysts forecast that Nova Ltd. will post 7.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Benchmark increased 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. Cantor Fitzgerald lowered 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. Citigroup upgraded shares of Nova from a “neutral” rating to a “buy” rating and raised their price objective for the company from $226.00 to $240.00 in a research report on Monday, January 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Nova in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $250.83.

About Nova

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.