Jump Financial LLC Sells 5,624 Shares of Nova Ltd. (NASDAQ:NVMI)

Jump Financial LLC trimmed its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 35.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,175 shares of the semiconductor company's stock after selling 5,624 shares during the quarter. Jump Financial LLC's holdings in Nova were worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC raised its stake in shares of Nova by 8.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 71,770 shares of the semiconductor company's stock worth $9,860,000 after buying an additional 5,370 shares in the last quarter. UBS Group AG raised its stake in shares of Nova by 8.9% during the 3rd quarter. UBS Group AG now owns 43,365 shares of the semiconductor company's stock worth $4,876,000 after buying an additional 3,539 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Nova by 3.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,070,485 shares of the semiconductor company's stock worth $147,074,000 after buying an additional 33,800 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Nova by 2.1% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,312,919 shares of the semiconductor company's stock worth $147,625,000 after buying an additional 27,050 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Nova by 33.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 276,478 shares of the semiconductor company's stock worth $31,087,000 after buying an additional 69,249 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Nova Stock Performance

Nova stock traded down $7.63 during midday trading on Thursday, reaching $194.52. The stock had a trading volume of 212,205 shares, compared to its average volume of 167,944. Nova Ltd. has a twelve month low of $90.59 and a twelve month high of $203.02. The stock has a market capitalization of $5.65 billion, a PE ratio of 44.82, a price-to-earnings-growth ratio of 2.69 and a beta of 1.40. The stock's 50-day simple moving average is $176.83 and its 200 day simple moving average is $150.93.

Nova (NASDAQ:NVMI - Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.10 by $0.29. Nova had a return on equity of 19.89% and a net margin of 26.26%. The company had revenue of $141.80 million for the quarter, compared to analyst estimates of $136.78 million. During the same period last year, the company posted $1.12 earnings per share. The firm's revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that Nova Ltd. will post 5.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on NVMI. Jefferies Financial Group began coverage on Nova in a research report on Monday. They set a "buy" rating and a $240.00 price target for the company. Needham & Company LLC reissued a "hold" rating on shares of Nova in a research report on Friday, May 10th. Bank of America raised their price objective on Nova from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, May 10th. Evercore ISI initiated coverage on Nova in a report on Tuesday, April 16th. They set an "outperform" rating and a $210.00 price objective on the stock. Finally, Benchmark raised their price objective on Nova from $187.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $221.25.

Nova Company 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.