Mirabella Financial Services LLP Acquires 7,847 Shares of Nova Ltd. (NASDAQ:NVMI)

Mirabella Financial Services LLP lifted its position in Nova Ltd. (NASDAQ:NVMI - Free Report) by 168.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,499 shares of the semiconductor company's stock after buying an additional 7,847 shares during the period. Mirabella Financial Services LLP's holdings in Nova were worth $2,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Wasatch Advisors LP boosted its position in Nova by 49.3% in the fourth quarter. Wasatch Advisors LP now owns 2,411,677 shares of the semiconductor company's stock worth $474,980,000 after purchasing an additional 796,629 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Nova by 115.1% in the third quarter. Franklin Resources Inc. now owns 661,282 shares of the semiconductor company's stock worth $146,515,000 after buying an additional 353,906 shares during the last quarter. Capital World Investors boosted its holdings 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 worth $118,341,000 after buying an additional 150,000 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Nova by 7.9% during 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 during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in Nova by 7.6% during 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 during the last quarter. Institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on NVMI shares. Bank of America dropped their price target 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. Cantor Fitzgerald lowered 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. Citigroup upgraded Nova from a "neutral" rating to a "buy" rating and upped their price target for the stock from $226.00 to $240.00 in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research report on Friday, February 14th. Finally, Benchmark increased their target price on shares of Nova from $245.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $264.60.

Nova Stock Performance

NVMI stock traded down $1.00 during mid-day trading on Friday, reaching $195.76. 57,969 shares of the stock traded hands, compared to its average volume of 223,684. Nova Ltd. has a one year low of $154.00 and a one year high of $289.90. The stock has a market capitalization of $5.73 billion, a PE ratio of 34.06, a PEG ratio of 2.55 and a beta of 1.63. The business has a 50-day moving average price of $205.58 and a two-hundred day moving average price of $207.16.

Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.04). The firm had revenue of $194.77 million for the quarter, compared to the consensus estimate of $186.50 million. Nova had a net margin of 27.33% and a return on equity of 22.33%. On average, equities analysts expect that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.

About Nova

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.