Granahan Investment Management LLC raised its holdings in Nova Ltd. (NASDAQ:NVMI - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,068 shares of the semiconductor company's stock after acquiring an additional 2,819 shares during the quarter. Granahan Investment Management LLC owned approximately 0.07% of Nova worth $3,952,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of NVMI. Wasatch Advisors LP boosted its stake in Nova by 49.3% during the fourth quarter. Wasatch Advisors LP now owns 2,411,677 shares of the semiconductor company's stock worth $474,980,000 after acquiring an additional 796,629 shares in the last quarter. Capital World Investors lifted its stake in shares of Nova by 33.3% in the fourth quarter. Capital World Investors now owns 600,868 shares of the semiconductor company's stock valued at $118,341,000 after buying an additional 150,000 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake 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 buying an additional 101,470 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted 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 buying an additional 97,000 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its stake in shares of Nova by 29.6% in the fourth quarter. Y.D. More Investments Ltd now owns 296,307 shares of the semiconductor company's stock valued at $58,423,000 after buying an additional 67,734 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.
Nova Price Performance
Shares of NVMI traded down $3.33 during trading hours on Wednesday, hitting $199.16. The company's stock had a trading volume of 361,761 shares, compared to its average volume of 229,535. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 2.55 and a beta of 1.66. The business has a 50 day simple moving average of $191.91 and a two-hundred day simple moving average of $207.18. 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 posted its earnings results on Thursday, May 8th. The semiconductor company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.10. The firm had revenue of $213.36 million during the quarter, compared to the consensus estimate of $210.10 million. Nova had a net margin of 27.33% and a return on equity of 22.33%. The company's revenue was up 50.5% on a year-over-year basis. During the same quarter last year, the company earned $1.39 earnings per share. Research analysts predict that Nova Ltd. will post 7.52 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have weighed in on NVMI shares. Bank of America dropped their price objective on shares of Nova from $310.00 to $248.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reissued a "hold" rating on shares of Nova in a research report on Friday, February 14th. Cantor Fitzgerald dropped their price target on shares of Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Citigroup decreased their price objective on shares of Nova from $290.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Benchmark decreased their price objective on shares of Nova from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Nova presently has a consensus rating of "Moderate Buy" and an average target price of $277.00.
Check Out Our Latest Analysis on NVMI
Nova Company Profile
(
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.
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