D.A. Davidson & CO. Purchases New Holdings in Nova Ltd. (NASDAQ:NVMI)

D.A. Davidson & CO. acquired a new position in Nova Ltd. (NASDAQ:NVMIFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,525 shares of the semiconductor company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NVMI. Asset Dedication LLC purchased a new stake in shares of Nova in the 3rd quarter worth approximately $34,000. Signaturefd LLC grew its stake in shares of Nova by 20.6% in the third quarter. Signaturefd LLC now owns 672 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 115 shares during the last quarter. Cerity Partners LLC bought a new position in shares of Nova during the fourth quarter valued at $201,000. Pinnacle Financial Partners Inc purchased a new position in shares of Nova in the 4th quarter worth about $218,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Nova by 12.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,215 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 237 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Nova Trading Down 1.4 %

NVMI opened at $208.65 on Friday. The company’s 50 day moving average is $184.81 and its 200 day moving average is $159.48. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 3.14 and a beta of 1.40. Nova Ltd. has a 12-month low of $90.59 and a 12-month high of $219.74.

Nova (NASDAQ:NVMIGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.29. The business had revenue of $141.80 million for the quarter, compared to analysts’ expectations of $136.78 million. Nova had a net margin of 26.26% and a return on equity of 19.89%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 EPS. As a group, analysts predict that Nova Ltd. will post 4.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on NVMI. Evercore ISI began coverage on shares of Nova in a report on Tuesday, April 16th. They issued an “outperform” rating and a $210.00 target price for the company. Bank of America boosted their price objective on shares of Nova from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Jefferies Financial Group began coverage on Nova in a research note on Monday, May 13th. They set a “buy” rating and a $240.00 target price on the stock. Benchmark boosted their price target on Nova from $187.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Nova in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $221.25.

Check Out Our Latest Report on NVMI

Nova Company 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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Institutional Ownership by Quarter for Nova (NASDAQ:NVMI)

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