BNP Paribas Financial Markets Has $13.39 Million Position in Nova Ltd. (NASDAQ:NVMI)

BNP Paribas Financial Markets grew its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 209.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,981 shares of the semiconductor company's stock after buying an additional 45,994 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.23% of Nova worth $13,389,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NVMI. Wasatch Advisors LP raised its holdings in Nova by 49.3% during the fourth quarter. Wasatch Advisors LP now owns 2,411,677 shares of the semiconductor company's stock worth $474,980,000 after acquiring an additional 796,629 shares in the last quarter. Capital World Investors raised its stake in shares of Nova by 33.3% during the 4th quarter. Capital World Investors now owns 600,868 shares of the semiconductor company's stock worth $118,341,000 after purchasing an additional 150,000 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 worth $272,517,000 after purchasing an additional 101,470 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Nova by 7.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,370,985 shares of the semiconductor company's stock valued at $270,015,000 after buying an additional 97,000 shares during the last quarter. Finally, Y.D. More Investments Ltd grew its stake in shares of Nova by 29.6% in the fourth quarter. Y.D. More Investments Ltd now owns 296,307 shares of the semiconductor company's stock valued at $58,423,000 after buying an additional 67,734 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on NVMI. Benchmark cut their price target on shares of Nova from $295.00 to $280.00 and set a "buy" rating for the company in a research note on Friday. Cantor Fitzgerald cut their target price 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. Citigroup lowered their price target on Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research report on Friday, February 14th. Finally, Bank of America decreased their target price on Nova from $310.00 to $248.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Nova presently has a consensus rating of "Moderate Buy" and an average target price of $269.60.

Nova Stock Down 1.7 %

Shares of NASDAQ:NVMI opened at $183.52 on Friday. Nova Ltd. has a 12-month low of $154.00 and a 12-month high of $289.90. The business has a 50 day moving average of $192.81 and a 200-day moving average of $206.97. The stock has a market cap of $5.37 billion, a PE ratio of 31.97, a P/E/G ratio of 2.55 and a beta of 1.66.

Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.10. Nova had a return on equity of 22.33% and a net margin of 27.33%. The firm had revenue of $213.36 million for the quarter, compared to analyst estimates of $210.10 million. During the same period in the prior year, the firm posted $1.39 EPS. The company's revenue for the quarter was up 50.5% on a year-over-year basis. Equities research analysts expect that Nova Ltd. will post 7.52 earnings per share for the current year.

Nova Company 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.

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