Y.D. More Investments Ltd Increases Stock Holdings in Nova Ltd. (NASDAQ:NVMI)

Y.D. More Investments Ltd raised its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 110.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,300 shares of the semiconductor company's stock after purchasing an additional 5,400 shares during the quarter. Y.D. More Investments Ltd's holdings in Nova were worth $1,415,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NVMI. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Nova by 13.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,744 shares of the semiconductor company's stock valued at $1,078,000 after purchasing an additional 1,187 shares in the last quarter. TD Asset Management Inc purchased a new position in Nova during the third quarter valued at approximately $218,000. Paradiem LLC raised its position in shares of Nova by 10.9% during the third quarter. Paradiem LLC now owns 8,907 shares of the semiconductor company's stock valued at $1,002,000 after buying an additional 872 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. bought a new stake in shares of Nova during the third quarter valued at approximately $1,738,000. Finally, James Investment Research Inc. raised its position in shares of Nova by 4.2% during the third quarter. James Investment Research Inc. now owns 60,558 shares of the semiconductor company's stock valued at $6,809,000 after buying an additional 2,446 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

NVMI has been the topic of several recent analyst reports. Evercore ISI initiated coverage on shares of Nova in a research report on Tuesday, April 16th. They set an "outperform" rating and a $210.00 price objective on the stock. Benchmark lifted their price objective on shares of Nova from $150.00 to $187.00 and gave the company a "buy" rating in a research report on Friday, February 16th.

Nova Stock Performance

Shares of Nova stock traded down $2.56 on Wednesday, hitting $167.34. 209,993 shares of the company traded hands, compared to its average volume of 163,886. The business has a 50-day simple moving average of $173.96 and a 200 day simple moving average of $144.57. Nova Ltd. has a 52 week low of $87.85 and a 52 week high of $190.51. The stock has a market capitalization of $4.80 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 6.60 and a beta of 1.41.

Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.14. Nova had a net margin of 26.32% and a return on equity of 20.55%. The company had revenue of $134.22 million for the quarter, compared to analysts' expectations of $128.00 million. Research analysts expect that Nova Ltd. will post 4.87 earnings per share 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.