Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,212,485 shares of the semiconductor company's stock after buying an additional 42,860 shares during the quarter. Nova comprises 2.9% of Harel Insurance Investments & Financial Services Ltd.'s holdings, making the stock its 8th biggest position. Harel Insurance Investments & Financial Services Ltd. owned about 4.14% of Nova worth $223,497,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in NVMI. Bank of New York Mellon Corp grew its stake in shares of Nova by 1,016.2% in the 4th quarter. Bank of New York Mellon Corp now owns 17,960 shares of the semiconductor company's stock worth $3,537,000 after purchasing an additional 16,351 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Nova during the fourth quarter worth approximately $112,000. Steward Partners Investment Advisory LLC grew its position 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 buying an additional 78 shares during the last quarter. Aigen Investment Management LP increased its holdings in shares of Nova by 6.1% in the fourth quarter. Aigen Investment Management LP now owns 3,165 shares of the semiconductor company's stock valued at $623,000 after buying an additional 181 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nova during the 4th quarter valued at $6,541,000. 82.99% of the stock is owned by institutional investors and hedge funds.
Nova Stock Up 3.0%
NVMI opened at $284.77 on Friday. The stock's 50 day moving average price is $214.46 and its two-hundred day moving average price is $215.62. The firm has a market capitalization of $8.37 billion, a P/E ratio of 43.02, a price-to-earnings-growth ratio of 2.42 and a beta of 1.66. Nova Ltd. has a 12-month low of $154.00 and a 12-month high of $289.90.
Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.10. The company had revenue of $213.36 million during the quarter, compared to the consensus estimate of $210.10 million. Nova had a return on equity of 23.98% and a net margin of 28.46%. The company's quarterly revenue was up 50.5% on a year-over-year basis. During the same quarter last year, the company earned $1.39 EPS. As a group, analysts anticipate that Nova Ltd. will post 7.52 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on NVMI shares. Benchmark decreased their price target on Nova from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Bank of America raised their target price on shares of Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Cantor Fitzgerald restated an "overweight" rating and issued a $300.00 price target (up previously from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Finally, Citigroup decreased their price objective on shares of Nova from $290.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nova currently has a consensus rating of "Moderate Buy" and an average target price of $282.50.
Read Our Latest Research Report on Nova
About Nova
(
Free Report)
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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