Menora Mivtachim Holdings LTD. decreased its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,264,983 shares of the semiconductor company's stock after selling 26,138 shares during the quarter. Nova accounts for about 1.6% of Menora Mivtachim Holdings LTD.'s holdings, making the stock its 21st biggest position. Menora Mivtachim Holdings LTD. owned about 4.35% of Nova worth $249,138,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Townsquare Capital LLC lifted its holdings in shares of Nova by 15.0% in the fourth quarter. Townsquare Capital LLC now owns 13,208 shares of the semiconductor company's stock valued at $2,601,000 after purchasing an additional 1,721 shares in the last quarter. Capital Fund Management S.A. purchased a new position in Nova during the fourth quarter worth $2,205,000. Phoenix Financial Ltd. raised its holdings in shares of Nova by 9.4% in the fourth quarter. Phoenix Financial Ltd. now owns 262,540 shares of the semiconductor company's stock worth $51,710,000 after acquiring an additional 22,500 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Nova in the fourth quarter valued at $6,541,000. Finally, Advisory Services Network LLC increased its position in Nova by 5.0% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.
Nova Stock Performance
Shares of NASDAQ:NVMI traded up $1.08 during trading on Friday, reaching $175.62. 296,290 shares of the stock were exchanged, compared to its average volume of 226,602. The firm's 50-day moving average price is $213.55 and its 200 day moving average price is $207.85. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.55 and a beta of 1.63. Nova Ltd. has a 12-month low of $154.00 and a 12-month high of $289.90.
Nova (NASDAQ:NVMI - Get Free Report) last posted its earnings results on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.04). Nova had a net margin of 27.33% and a return on equity of 22.33%. The business had revenue of $194.77 million for the quarter, compared to analyst estimates of $186.50 million. As a group, equities research analysts forecast that Nova Ltd. will post 7.52 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Bank of America lowered their price target on shares of Nova from $310.00 to $248.00 and set a "buy" rating for the company in a report on Wednesday. Citigroup raised Nova from a "neutral" rating to a "buy" rating and increased their price target for the stock from $226.00 to $240.00 in a research note on Monday, January 6th. Cantor Fitzgerald dropped their target price on Nova from $315.00 to $300.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Needham & Company LLC restated a "hold" rating on shares of Nova in a report on Friday, February 14th. Finally, Benchmark raised their target price on shares of Nova from $245.00 to $295.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. 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.com, Nova presently has an average rating of "Moderate Buy" and a consensus target price of $264.60.
Check Out Our Latest Research Report on NVMI
Nova Company Profile
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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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