Cetera Investment Advisers Has $939,000 Stock Position in Nova Ltd. (NASDAQ:NVMI)

Cetera Investment Advisers lessened its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 22.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,767 shares of the semiconductor company's stock after selling 1,415 shares during the period. Cetera Investment Advisers' holdings in Nova were worth $939,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its holdings in Nova by 24.1% in the fourth 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. Quarry LP raised its position in Nova by 187.1% during the 4th quarter. Quarry LP now owns 402 shares of the semiconductor company's stock worth $79,000 after buying an additional 262 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Nova in the 4th quarter valued at $112,000. Quadrant Capital Group LLC increased its stake in shares of Nova by 5.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,030 shares of the semiconductor company's stock worth $203,000 after acquiring an additional 51 shares during the period. Finally, Advisory Services Network LLC raised its holdings in shares of Nova by 5.0% during the fourth quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company's stock worth $226,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Nova Stock Up 8.4%

NASDAQ NVMI traded up $16.96 on Thursday, hitting $217.85. 514,611 shares of the stock were exchanged, compared to its average volume of 232,880. Nova Ltd. has a fifty-two week low of $154.00 and a fifty-two week high of $289.90. The company has a 50-day moving average price of $188.03 and a 200-day moving average price of $207.14. The company has a market cap of $6.40 billion, a PE ratio of 37.95, a PEG 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 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.10. Nova had a net margin of 27.33% and a return on equity of 22.33%. The business had revenue of $213.36 million during the quarter, compared to the consensus estimate of $210.10 million. During the same quarter in the previous year, the firm earned $1.39 EPS. The company's revenue was up 50.5% compared to the same quarter last year. As a group, equities research analysts predict that Nova Ltd. will post 7.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVMI. Needham & Company LLC restated a "hold" rating on shares of Nova in a research report on Friday, February 14th. Citigroup dropped their price target on shares of Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Benchmark lowered their target price on shares of Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Bank of America cut their price target on Nova from $310.00 to $248.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Wall Street Zen raised Nova from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Nova has a consensus rating of "Moderate Buy" and a consensus target price of $277.00.

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.