LMR Partners LLP cut its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,209 shares of the semiconductor company's stock after selling 25,000 shares during the period. LMR Partners LLP owned approximately 0.17% of Nova worth $9,889,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in NVMI. Steward Partners Investment Advisory LLC increased its holdings in shares of Nova by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company's stock valued at $79,000 after purchasing an additional 78 shares during the period. Quarry LP increased its stake in Nova by 187.1% in the 4th quarter. Quarry LP now owns 402 shares of the semiconductor company's stock valued at $79,000 after buying an additional 262 shares during the period. SBI Securities Co. Ltd. purchased a new position in Nova during the 4th quarter worth $112,000. Quadrant Capital Group LLC raised its position in Nova by 5.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,030 shares of the semiconductor company's stock worth $203,000 after buying an additional 51 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of Nova by 5.0% in the 4th quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company's stock worth $226,000 after acquiring an additional 55 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.
Nova Stock Performance
NVMI stock traded down $4.03 during midday trading on Thursday, hitting $195.13. 246,902 shares of the stock were exchanged, compared to its average volume of 230,106. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.55 and a beta of 1.66. Nova Ltd. has a fifty-two week low of $154.00 and a fifty-two week high of $289.90. The stock's 50-day moving average price is $191.37 and its 200-day moving average price is $207.12.
Nova (NASDAQ:NVMI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.08 by $0.10. Nova had a net margin of 27.33% and a return on equity of 22.33%. The business had revenue of $213.36 million for the quarter, compared to analyst estimates of $210.10 million. During the same period in the previous year, the firm earned $1.39 EPS. The business's revenue for the quarter was up 50.5% compared to the same quarter last year. Research analysts anticipate that Nova Ltd. will post 7.52 EPS for the current year.
Analysts Set New Price Targets
Several research firms have issued reports on NVMI. Cantor Fitzgerald dropped their target price on Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Benchmark dropped their price objective on Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Bank of America reduced their target price on Nova from $310.00 to $248.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research note on Friday, February 14th. Finally, Citigroup cut their price target 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Nova currently has an average rating of "Moderate Buy" and a consensus target price of $277.00.
Check Out Our Latest Research Report on Nova
Nova 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.
Featured Stories
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
