Noked Israel Ltd lowered its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,353 shares of the semiconductor company's stock after selling 6,447 shares during the quarter. Nova makes up about 3.2% of Noked Israel Ltd's holdings, making the stock its 8th biggest position. Noked Israel Ltd owned 0.29% of Nova worth $16,416,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its stake in shares of Nova by 49.3% during the fourth quarter. Wasatch Advisors LP now owns 2,411,677 shares of the semiconductor company's stock worth $474,980,000 after acquiring an additional 796,629 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of 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 worth $272,517,000 after acquiring an additional 101,470 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of 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 worth $270,015,000 after acquiring an additional 97,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Nova by 1.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company's stock worth $230,358,000 after acquiring an additional 11,915 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Nova by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,047,782 shares of the semiconductor company's stock worth $205,985,000 after acquiring an additional 14,667 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on NVMI shares. Benchmark dropped their price target on shares of Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. 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. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a research note on Friday, February 14th. Cantor Fitzgerald dropped their price target on shares of Nova from $315.00 to $300.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Finally, Citigroup lowered their target price on shares of Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nova has an average rating of "Moderate Buy" and a consensus price target of $277.00.
Get Our Latest Report on Nova
Nova Stock Performance
NVMI traded down $3.36 on Friday, hitting $191.77. 144,481 shares of the company were exchanged, compared to its average volume of 229,828. The business's fifty day moving average is $190.62 and its 200 day moving average is $207.11. Nova Ltd. has a fifty-two week low of $154.00 and a fifty-two week high of $289.90. The firm has a market capitalization of $5.61 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 2.55 and a beta of 1.66.
Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.10. Nova had a net margin of 27.33% and a return on equity of 22.33%. The company had revenue of $213.36 million for the quarter, compared to the consensus estimate of $210.10 million. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The company's revenue for the quarter was up 50.5% compared to the same quarter last year. Analysts forecast that Nova Ltd. will post 7.52 EPS for the current fiscal year.
About Nova
(
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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