Cerity Partners LLC Takes $201,000 Position in Nova Ltd. (NASDAQ:NVMI)

Cerity Partners LLC bought a new position in Nova Ltd. (NASDAQ:NVMI) during the 4th quarter, Holdings Channel reports. The firm bought 1,460 shares of the semiconductor company’s stock, valued at approximately $201,000.

A number of other large investors have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Nova by 13.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,744 shares of the semiconductor company’s stock worth $1,078,000 after purchasing an additional 1,187 shares in the last quarter. TD Asset Management Inc bought a new position in shares of Nova in the third quarter valued at about $218,000. Y.D. More Investments Ltd acquired a new position in Nova during the 3rd quarter worth about $551,000. Paradiem LLC grew its holdings in Nova by 10.9% during the 3rd quarter. Paradiem LLC now owns 8,907 shares of the semiconductor company’s stock worth $1,002,000 after acquiring an additional 872 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. acquired a new stake in Nova in the 3rd quarter valued at about $1,738,000. 82.99% of the stock is currently owned by institutional investors.

Nova Stock Down 0.1 %

Shares of NVMI stock opened at $174.09 on Tuesday. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 6.61 and a beta of 1.41. Nova Ltd. has a 12 month low of $87.85 and a 12 month high of $190.51. The stock has a 50-day moving average price of $173.62 and a 200 day moving average price of $143.96.

Nova (NASDAQ:NVMI) last issued its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.07 by $0.14. The company had revenue of $134.22 million during the quarter, compared to analysts’ expectations of $128.00 million. Nova had a net margin of 26.32% and a return on equity of 20.55%. Sell-side analysts predict that Nova Ltd. will post 4.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NVMI shares. Benchmark upped their target price on shares of Nova from $150.00 to $187.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Evercore ISI assumed coverage on Nova in a report on Tuesday, April 16th. They set an “outperform” rating and a $210.00 price objective on the stock.

About Nova

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.