Nuveen Asset Management LLC Has $20.74 Million Stock Holdings in Nova Ltd. (NASDAQ:NVMI)

Nuveen Asset Management LLC lifted its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 105,070 shares of the semiconductor company's stock after acquiring an additional 2,327 shares during the period. Nuveen Asset Management LLC owned 0.36% of Nova worth $20,736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVMI. Steward Partners Investment Advisory LLC grew its holdings in shares of Nova by 24.1% during the 4th 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 during the period. Quarry LP raised its holdings in shares of Nova by 187.1% during the fourth quarter. Quarry LP now owns 402 shares of the semiconductor company's stock worth $79,000 after purchasing an additional 262 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Nova during the fourth quarter worth $112,000. Quadrant Capital Group LLC lifted its position in shares of Nova by 5.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,030 shares of the semiconductor company's stock worth $203,000 after buying an additional 51 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in 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 acquiring an additional 55 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NVMI shares. Citigroup reduced their price objective on Nova from $290.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Needham & Company LLC reissued a "hold" rating on shares of Nova in a report on Friday, February 14th. Bank of America lowered their price target on Nova from $310.00 to $248.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. 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. Finally, Wall Street Zen raised shares of Nova from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. One investment 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 an average rating of "Moderate Buy" and a consensus price target of $277.00.

Nova Stock Up 1.1%

Nova stock traded up $2.18 on Wednesday, hitting $200.27. The company's stock had a trading volume of 153,258 shares, compared to its average volume of 230,298. The firm has a market cap of $5.89 billion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 2.55 and a beta of 1.66. The company has a fifty day moving average price of $187.66 and a 200-day moving average price of $207.05. Nova Ltd. has a one year low of $154.00 and a one year high of $289.90.

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