11,332 Shares in Nova Ltd. (NASDAQ:NVMI) Bought by USS Investment Management Ltd

USS Investment Management Ltd purchased a new position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,332 shares of the semiconductor company's stock, valued at approximately $2,232,000.

Other large investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its stake in Nova by 24.1% in the 4th 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 boosted its holdings in shares of Nova by 187.1% in the 4th quarter. Quarry LP now owns 402 shares of the semiconductor company's stock worth $79,000 after purchasing an additional 262 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Nova during the 4th quarter valued at about $112,000. Quadrant Capital Group LLC increased its position in shares of Nova by 5.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,030 shares of the semiconductor company's stock valued at $203,000 after purchasing an additional 51 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of 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 buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Nova Stock Performance

Shares of NASDAQ NVMI traded up $2.80 during trading hours on Wednesday, hitting $200.89. The company's stock had a trading volume of 336,338 shares, compared to its average volume of 230,896. The business has a 50-day simple moving average of $187.66 and a 200-day simple moving average of $207.05. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 2.55 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 posted its earnings results on Thursday, May 8th. The semiconductor company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.10. The firm had revenue of $213.36 million for the quarter, compared to analysts' expectations of $210.10 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. The business's revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 earnings per share. On average, equities research analysts forecast that Nova Ltd. will post 7.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Nova from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a report on Friday, February 14th. Cantor Fitzgerald lowered their target price on Nova from $315.00 to $300.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Citigroup reduced their price target on Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Bank of America lowered their price objective on Nova from $310.00 to $248.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $277.00.

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.