Sphera Management Technology Funds Ltd purchased a new stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,500 shares of the semiconductor company's stock, valued at approximately $886,000.
Other hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in shares of Nova by 0.8% in the 4th quarter. Alliancebernstein L.P. now owns 5,688 shares of the semiconductor company's stock worth $1,120,000 after purchasing an additional 44 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Nova by 3.6% in the 4th quarter. NewEdge Advisors LLC now owns 1,339 shares of the semiconductor company's stock worth $264,000 after buying an additional 47 shares in the last quarter. Quadrant Capital Group LLC raised its position in 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. Advisory Services Network LLC lifted its stake in Nova by 5.0% during the 4th quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company's stock valued at $226,000 after acquiring an additional 55 shares during the period. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in Nova by 1.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,742 shares of the semiconductor company's stock valued at $935,000 after acquiring an additional 63 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.
Nova Stock Performance
NASDAQ NVMI opened at $191.77 on Monday. The business's fifty day moving average is $190.62 and its 200 day moving average is $207.33. Nova Ltd. has a fifty-two week low of $154.00 and a fifty-two week high of $289.90. The company has a market capitalization of $5.61 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 2.55 and a beta of 1.66.
Nova (NASDAQ:NVMI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.08 by $0.10. The firm 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 business's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. On average, sell-side analysts forecast that Nova Ltd. will post 7.52 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on NVMI shares. 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 report on Friday, May 9th. Cantor Fitzgerald lowered their price target on Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Bank of America dropped their price target on Nova from $310.00 to $248.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Benchmark lowered their price objective 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, Needham & Company LLC reissued a "hold" rating on shares of Nova in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Nova has an average rating of "Moderate Buy" and a consensus price target of $277.00.
Check Out Our Latest Report on Nova
Nova Profile
(
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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