Free Trial

Y Intercept Hong Kong Ltd Raises Holdings in Nova Ltd. (NASDAQ:NVMI)

Nova logo with Computer and Technology background

Y Intercept Hong Kong Ltd boosted its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 1,083.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,567 shares of the semiconductor company's stock after buying an additional 11,505 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Nova were worth $2,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP lifted its position 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 last quarter. Quadrant Capital Group LLC lifted its position in shares of Nova by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,030 shares of the semiconductor company's stock worth $203,000 after purchasing an additional 51 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of 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 purchasing an additional 55 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Nova during the fourth quarter worth $237,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Nova by 26.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,299 shares of the semiconductor company's stock worth $256,000 after purchasing an additional 269 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NVMI. Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 target price (up from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Wall Street Zen downgraded Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Benchmark decreased their price objective on Nova from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. Citigroup decreased their price objective on Nova from $290.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Bank of America lifted their price objective on Nova from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Nova currently has an average rating of "Moderate Buy" and a consensus target price of $282.50.

Read Our Latest Report on NVMI

Nova Stock Down 1.1%

Shares of NVMI stock traded down $2.96 on Friday, hitting $258.62. The stock had a trading volume of 642,720 shares, compared to its average volume of 274,658. The business has a 50 day moving average price of $242.68 and a 200 day moving average price of $224.78. The company has a market cap of $7.60 billion, a PE ratio of 39.07, a P/E/G ratio of 2.27 and a beta of 1.66. Nova Ltd. has a one year low of $153.99 and a one year high of $291.99.

Nova (NASDAQ:NVMI - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.10. The business had revenue of $213.36 million during the quarter, compared to the consensus estimate of $210.10 million. Nova had a net margin of 28.46% and a return on equity of 23.98%. The firm's revenue was up 50.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 earnings per share. Equities research analysts expect that Nova Ltd. will post 7.52 EPS for the current year.

About Nova

(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.

Featured Stories

Institutional Ownership by Quarter for Nova (NASDAQ:NVMI)

Should You Invest $1,000 in Nova Right Now?

Before you consider Nova, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nova wasn't on the list.

While Nova currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines