Two Sigma Advisers LP Has $35.93 Million Position in Nova Ltd. (NASDAQ:NVMI)

Two Sigma Advisers LP grew its position in Nova Ltd. (NASDAQ:NVMI - Free Report) by 25.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,405 shares of the semiconductor company's stock after purchasing an additional 37,305 shares during the quarter. Two Sigma Advisers LP owned about 0.63% of Nova worth $35,925,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wasatch Advisors LP grew its holdings in Nova by 49.3% in the 4th quarter. Wasatch Advisors LP now owns 2,411,677 shares of the semiconductor company's stock valued at $474,980,000 after buying an additional 796,629 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Nova by 7.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,383,339 shares of the semiconductor company's stock valued at $272,517,000 after acquiring an additional 101,470 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Nova by 7.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,370,985 shares of the semiconductor company's stock valued at $270,015,000 after acquiring an additional 97,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Nova by 1.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company's stock worth $230,358,000 after acquiring an additional 11,915 shares during the period. Finally, Vanguard Group Inc. increased its position in Nova by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,047,782 shares of the semiconductor company's stock worth $205,985,000 after acquiring an additional 14,667 shares during the period. Institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NVMI. Needham & Company LLC restated a "hold" rating on shares of Nova in a research report on Friday, February 14th. Bank of America lowered their price objective 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 cut their target price on Nova from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Citigroup reduced their target price on Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Wall Street Zen raised Nova from a "hold" rating to a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $277.00.

Nova Trading Down 0.9%

NASDAQ NVMI traded down $1.71 on Monday, hitting $183.00. 122,707 shares of the company's stock were exchanged, compared to its average volume of 229,928. The stock has a 50-day moving average of $187.97 and a 200-day moving average of $207.22. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 31.88, a P/E/G ratio of 2.55 and a beta of 1.66. Nova Ltd. has a 52 week low of $154.00 and a 52 week 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 the consensus estimate of $2.08 by $0.10. Nova had a return on equity of 22.33% and a net margin of 27.33%. The business had revenue of $213.36 million for the quarter, compared to analyst estimates of $210.10 million. During the same period last year, the firm posted $1.39 earnings per share. Nova's revenue was up 50.5% compared to the same quarter last year. As a group, analysts predict that Nova Ltd. will post 7.52 earnings per share for the current year.

Nova 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.