Nova Ltd. (NASDAQ:NVMI) Shares Acquired by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. raised its holdings in Nova Ltd. (NASDAQ:NVMI - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,070,485 shares of the semiconductor company's stock after buying an additional 33,800 shares during the period. Nova comprises about 3.0% of Migdal Insurance & Financial Holdings Ltd.'s holdings, making the stock its 10th largest position. Migdal Insurance & Financial Holdings Ltd. owned 3.73% of Nova worth $147,074,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Mackenzie Financial Corp boosted its position in shares of Nova by 11.1% in the 4th quarter. Mackenzie Financial Corp now owns 11,446 shares of the semiconductor company's stock valued at $1,589,000 after purchasing an additional 1,147 shares during the period. Cerity Partners LLC acquired a new stake in shares of Nova in the fourth quarter valued at approximately $201,000. Pinnacle Financial Partners Inc purchased a new position in shares of Nova during the fourth quarter worth approximately $218,000. Perfromance Wealth Partners LLC acquired a new position in shares of Nova in the 4th quarter valued at $343,000. Finally, Bank Hapoalim BM increased its holdings in shares of Nova by 13.1% in the 4th quarter. Bank Hapoalim BM now owns 2,166 shares of the semiconductor company's stock valued at $298,000 after acquiring an additional 251 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NVMI. Evercore ISI began coverage on shares of Nova in a research note on Tuesday. They set an "outperform" rating and a $210.00 target price for the company. Benchmark lifted their target price on Nova from $150.00 to $187.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Nova presently has a consensus rating of "Moderate Buy" and a consensus price target of $170.67.

Nova Trading Down 3.3 %

Shares of NASDAQ:NVMI traded down $5.87 on Wednesday, hitting $170.12. The company had a trading volume of 137,927 shares, compared to its average volume of 155,333. The company has a market cap of $4.88 billion, a PE ratio of 39.57, a PEG ratio of 6.46 and a beta of 1.41. The business has a 50 day moving average of $171.91 and a 200 day moving average of $140.14. Nova Ltd. has a 52-week low of $87.85 and a 52-week high of $190.51.

Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.14. The company had revenue of $134.22 million during the quarter, compared to the consensus estimate of $128.00 million. Nova had a return on equity of 20.55% and a net margin of 26.32%. As a group, equities analysts predict that Nova Ltd. will post 4.87 EPS for the current year.

Nova Profile

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.