Y.D. More Investments Ltd Decreases Stock Position in Nova Ltd. $NVMI

Key Points

• Y.D. More Investments Ltd trimmed its stake in Nova Ltd. (NASDAQ: NVMI) by 0.7% in Q4, selling 2,355 shares and now holds 327,425 shares valued at about $109.37 million, making Nova its fourth-largest holding and roughly 1.11% of the company.
• Sell-side analysts have a consensus "Buy" rating with an average target of $442.25 (individual targets range up to $520), and Nova slightly beat Q4 EPS and revenue while reporting 14.3% YoY revenue growth, a 29.4% net margin and 22.9% ROE.
• Institutional investors own about 82.99% of the stock; Nova trades with a $14.05 billion market cap and a P/E of 55.21, with a 52-week range of $153.99–$507.27.

Y.D. More Investments Ltd trimmed its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,425 shares of the semiconductor company's stock after selling 2,355 shares during the period. Nova accounts for approximately 5.1% of Y.D. More Investments Ltd's holdings, making the stock its 4th largest holding. Y.D. More Investments Ltd owned approximately 1.11% of Nova worth $109,365,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC grew its holdings in shares of Nova by 4.5% during the fourth quarter. Signaturefd LLC now owns 992 shares of the semiconductor company's stock worth $326,000 after purchasing an additional 43 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nova by 95.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 2,413 shares of the semiconductor company's stock valued at $792,000 after buying an additional 1,180 shares during the last quarter. Global X Japan Co. Ltd. bought a new position in shares of Nova in the fourth quarter valued at about $531,000. Norden Group LLC lifted its position in Nova by 18.8% during the 4th quarter. Norden Group LLC now owns 899 shares of the semiconductor company's stock worth $295,000 after buying an additional 142 shares in the last quarter. Finally, Congress Asset Management Co. lifted its position in Nova by 1.8% during the 4th quarter. Congress Asset Management Co. now owns 291,275 shares of the semiconductor company's stock worth $95,652,000 after buying an additional 5,199 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on NVMI shares. Jefferies Financial Group restated a "buy" rating and issued a $520.00 price objective on shares of Nova in a research report on Thursday, February 12th. Evercore reiterated an "outperform" rating and set a $485.00 target price on shares of Nova in a research report on Friday, February 13th. Bank of America increased their price target on shares of Nova from $380.00 to $450.00 and gave the company a "buy" rating in a research note on Tuesday, January 13th. Barclays assumed coverage on shares of Nova in a report on Wednesday, March 11th. They issued an "overweight" rating and a $465.00 price target for the company. Finally, Morgan Stanley restated an "outperform" rating and issued a $453.00 price objective on shares of Nova in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Nova currently has an average rating of "Buy" and a consensus target price of $442.25.

Nova Stock Performance

NVMI opened at $442.23 on Monday. The firm has a 50 day simple moving average of $448.60 and a 200 day simple moving average of $376.29. Nova Ltd. has a fifty-two week low of $153.99 and a fifty-two week high of $507.27. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 55.21, a price-to-earnings-growth ratio of 3.23 and a beta of 1.80. The company has a debt-to-equity ratio of 0.56, a current ratio of 6.28 and a quick ratio of 5.47.

Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings data on Friday, February 13th. The semiconductor company reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.01. The firm had revenue of $222.62 million for the quarter, compared to analysts' expectations of $220.43 million. Nova had a net margin of 29.44% and a return on equity of 22.90%. The business's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. On average, sell-side analysts anticipate that Nova Ltd. will post 7.52 earnings per share for the current year.

About Nova

Nova Measuring Instruments Ltd NASDAQ: NVMI develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company's core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.

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