1,299 Shares in Nova Ltd. (NASDAQ:NVMI) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in Nova Ltd. (NASDAQ:NVMI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,299 shares of the semiconductor company's stock, valued at approximately $239,000.

Other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its stake 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 acquiring an additional 78 shares during the last quarter. Quarry LP lifted its stake in Nova by 187.1% in the fourth quarter. Quarry LP now owns 402 shares of the semiconductor company's stock worth $79,000 after acquiring an additional 262 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Nova in the fourth quarter worth approximately $112,000. Quadrant Capital Group LLC lifted its stake in 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 last quarter. Finally, Advisory Services Network LLC lifted its stake in Nova by 5.0% in the fourth quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company's stock worth $226,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Bank of America raised their price objective on shares of Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Cantor Fitzgerald reissued an "overweight" rating and set a $300.00 price objective (up previously from $250.00) on shares of Nova in a report on Tuesday, June 24th. Wall Street Zen cut shares of Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Benchmark cut their price objective on shares of Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Citigroup cut their price objective on shares of Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Nova has a consensus rating of "Moderate Buy" and a consensus target price of $282.50.

Nova Trading Up 0.5%

Shares of Nova stock traded up $1.34 during trading on Thursday, reaching $283.41. The company's stock had a trading volume of 219,197 shares, compared to its average volume of 242,275. The company has a 50-day moving average price of $223.26 and a two-hundred day moving average price of $218.71. The firm has a market cap of $8.33 billion, a PE ratio of 42.81, a P/E/G ratio of 2.47 and a beta of 1.66. Nova Ltd. has a fifty-two week low of $154.00 and a fifty-two week high of $291.99.

Nova (NASDAQ:NVMI - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.10. The business had revenue of $213.36 million for the quarter, compared to analysts' expectations of $210.10 million. Nova had a net margin of 28.46% and a return on equity of 23.98%. The company's quarterly revenue was up 50.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. On average, analysts predict that Nova Ltd. will post 7.52 earnings per share for the current fiscal 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.