Deutsche Bank AG reduced its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 41.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,784 shares of the semiconductor company's stock after selling 50,721 shares during the period. Deutsche Bank AG owned about 0.24% of Nova worth $13,941,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. SkyOak Wealth LLC bought a new stake in Nova during the 4th quarter valued at $327,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Nova by 7.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,370,985 shares of the semiconductor company's stock valued at $270,015,000 after purchasing an additional 97,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Nova by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 22,472 shares of the semiconductor company's stock valued at $4,426,000 after purchasing an additional 877 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Nova by 1.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company's stock worth $230,358,000 after purchasing an additional 11,915 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Nova in the 4th quarter worth about $6,541,000. Hedge funds and other institutional investors own 82.99% of the company's stock.
Nova Stock Down 0.8%
NASDAQ:NVMI traded down $1.60 during midday trading on Monday, hitting $190.17. The company had a trading volume of 188,861 shares, compared to its average volume of 229,923. The company has a market capitalization of $5.59 billion, a PE ratio of 33.13, a P/E/G ratio of 2.55 and a beta of 1.66. Nova Ltd. has a 52-week low of $154.00 and a 52-week high of $289.90. The stock's fifty day moving average price is $190.62 and its 200-day moving average price is $207.33.
Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $2.18 EPS for the quarter, beating the consensus estimate of $2.08 by $0.10. The firm had revenue of $213.36 million for the quarter, compared to analyst estimates of $210.10 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. The company's revenue was up 50.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 EPS. As a group, research analysts forecast that Nova Ltd. will post 7.52 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on NVMI shares. Bank of America lowered their price target on shares of Nova from $310.00 to $248.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Cantor Fitzgerald cut 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. Needham & Company LLC restated a "hold" rating on shares of Nova in a research report on Friday, February 14th. Benchmark lowered their price objective on Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Citigroup dropped their price objective on Nova from $290.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Nova has an average rating of "Moderate Buy" and an average target price of $277.00.
Get Our Latest Research Report on Nova
Nova Profile
(
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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