Capital World Investors Purchases 150,000 Shares of Nova Ltd. (NASDAQ:NVMI)

Capital World Investors boosted its position in Nova Ltd. (NASDAQ:NVMI - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,868 shares of the semiconductor company's stock after purchasing an additional 150,000 shares during the period. Capital World Investors owned 2.07% of Nova worth $118,341,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Nova by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company's stock valued at $79,000 after buying an additional 78 shares during the period. SBI Securities Co. Ltd. bought a new stake in Nova during the 4th quarter worth approximately $112,000. Quadrant Capital Group LLC increased its position in Nova by 5.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,030 shares of the semiconductor company's stock valued at $203,000 after acquiring an additional 51 shares during the period. Advisory Services Network LLC raised its stake in shares of Nova by 5.0% during the fourth quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company's stock valued at $226,000 after acquiring an additional 55 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Nova by 79.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,182 shares of the semiconductor company's stock worth $233,000 after purchasing an additional 524 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Bank of America decreased their price objective on Nova from $310.00 to $248.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Citigroup upgraded Nova from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $226.00 to $240.00 in a research report on Monday, January 6th. Benchmark upped their target price on Nova from $245.00 to $295.00 and gave the company a "buy" rating in a report on Friday, February 14th. Cantor Fitzgerald lowered their price target on shares of Nova from $315.00 to $300.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $264.60.

Nova Trading Down 0.1 %

NASDAQ NVMI traded down $0.10 during trading hours on Friday, hitting $196.65. 126,582 shares of the company's stock were exchanged, compared to its average volume of 224,504. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.55 and a beta of 1.63. The stock has a 50-day simple moving average of $204.05 and a 200 day simple moving average of $207.08. Nova Ltd. has a 1-year low of $154.00 and a 1-year high of $289.90.

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

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.