Voloridge Investment Management LLC Buys 44,951 Shares of Nova Ltd. (NASDAQ:NVMI)

Voloridge Investment Management LLC raised its stake in Nova Ltd. (NASDAQ:NVMI - Free Report) by 36.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,090 shares of the semiconductor company's stock after purchasing an additional 44,951 shares during the quarter. Voloridge Investment Management LLC owned 0.58% of Nova worth $32,908,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in Nova by 352.8% during the fourth quarter. SG Americas Securities LLC now owns 3,618 shares of the semiconductor company's stock worth $713,000 after buying an additional 2,819 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Nova by 1.0% in the 4th 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 in the last quarter. Blue Trust Inc. raised its holdings in shares of Nova by 21.6% in the fourth quarter. Blue Trust Inc. now owns 1,462 shares of the semiconductor company's stock valued at $305,000 after purchasing an additional 260 shares during the last quarter. Swedbank AB purchased a new stake in shares of Nova in the fourth quarter valued at about $2,954,000. Finally, SkyOak Wealth LLC bought a new position in shares of Nova during the fourth quarter valued at about $327,000. Institutional investors own 82.99% of the company's stock.

Nova Stock Down 0.9%

Nova stock traded down $1.71 during trading on Friday, hitting $183.00. The stock had a trading volume of 122,707 shares, compared to its average volume of 229,928. The stock's 50 day moving average is $187.97 and its two-hundred day moving average is $207.21. Nova Ltd. has a 1 year low of $154.00 and a 1 year high of $289.90. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 2.55 and a beta of 1.66.

Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $2.18 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.39 EPS. As a group, equities research analysts anticipate that Nova Ltd. will post 7.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVMI. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research report on Friday, February 14th. Benchmark reduced their target price on Nova from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. 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 report on Wednesday, April 16th. Citigroup cut their price objective 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, Wall Street Zen raised Nova from a "hold" rating to a "buy" rating in a research report on Thursday. One equities 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 company has an average rating of "Moderate Buy" and a consensus target price of $277.00.

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.