Deutsche Bank AG acquired a new stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 89,769 shares of the semiconductor company's stock, valued at approximately $48,739,000. Deutsche Bank AG owned approximately 0.28% of Nova as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Wasatch Advisors LP raised its holdings in shares of Nova by 4.9% during the 2nd quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company's stock worth $605,701,000 after acquiring an additional 102,250 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Nova by 47.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,166,073 shares of the semiconductor company's stock valued at $940,683,000 after purchasing an additional 697,210 shares in the last quarter. Vanguard Group Inc. raised its stake in Nova by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,128,957 shares of the semiconductor company's stock valued at $377,402,000 after purchasing an additional 15,195 shares in the last quarter. Invesco Ltd. lifted its position in Nova by 4.4% during the fourth quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company's stock valued at $208,293,000 after purchasing an additional 26,940 shares during the last quarter. Finally, Meitav Investment House Ltd. grew its stake in shares of Nova by 3.7% in the 1st quarter. Meitav Investment House Ltd. now owns 572,189 shares of the semiconductor company's stock worth $247,326,000 after buying an additional 20,345 shares in the last quarter. 82.99% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently commented on NVMI shares. Jefferies Financial Group reiterated a "buy" rating and issued a $600.00 target price on shares of Nova in a report on Thursday, August 6th. Morgan Stanley boosted their price objective on shares of Nova from $494.00 to $540.00 and gave the company an "equal weight" rating in a research report on Monday, July 6th. Citigroup reduced their target price on shares of Nova from $595.00 to $550.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Barclays upped their price target on shares of Nova from $465.00 to $600.00 and gave the company an "overweight" rating in a report on Friday, May 15th. Finally, Cantor Fitzgerald reduced their price objective on shares of Nova from $600.00 to $500.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $514.44.
Check Out Our Latest Research Report on NVMI
Nova Trading Down 1.8%
NVMI opened at $376.99 on Friday. Nova Ltd. has a 12-month low of $232.73 and a 12-month high of $615.99. The business's fifty day simple moving average is $455.95 and its 200-day simple moving average is $470.87. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 46.66, a PEG ratio of 2.22 and a beta of 1.78.
Nova (NASDAQ:NVMI - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The semiconductor company reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.41 by $0.10. Nova had a net margin of 28.84% and a return on equity of 21.41%. The company had revenue of $254.96 million during the quarter, compared to analyst estimates of $250.33 million. During the same period in the prior year, the firm earned $2.20 earnings per share. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts predict that Nova Ltd. will post 9.89 EPS for the current year.
Insider Buying and Selling
In other news, Director Eitan Oppenhaim sold 1,504 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $519.48, for a total value of $781,297.92. Following the completion of the transaction, the director directly owned 6,668 shares of the company's stock, valued at approximately $3,463,892.64. The trade was a 18.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gabriel Waisman sold 2,966 shares of the firm's stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $501.30, for a total value of $1,486,855.80. Following the sale, the chief executive officer directly owned 28,714 shares in the company, valued at approximately $14,394,328.20. The trade was a 9.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,946 shares of company stock valued at $3,686,920. 1.00% of the stock is currently owned by insiders.
About Nova
(
Free Report)
Nova Measuring Instruments Ltd NASDAQ: NVMI develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company's core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.
Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.
Read More
Want to see what other hedge funds are holding NVMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nova Ltd. (NASDAQ:NVMI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Nova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nova wasn't on the list.
While Nova currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
