Vanguard Group Inc. Has $133.67 Million Holdings in Nova Ltd. (NASDAQ:NVMI)

Vanguard Group Inc. raised its stake in Nova Ltd. (NASDAQ:NVMIFree Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 972,956 shares of the semiconductor company’s stock after acquiring an additional 13,891 shares during the quarter. Vanguard Group Inc. owned about 3.39% of Nova worth $133,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Nova by 49.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 142,073 shares of the semiconductor company’s stock worth $19,519,000 after buying an additional 47,295 shares during the period. State of Tennessee Treasury Department grew its position in shares of Nova by 17.2% during the 4th quarter. State of Tennessee Treasury Department now owns 82,443 shares of the semiconductor company’s stock worth $11,327,000 after buying an additional 12,120 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Nova by 74.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 604,977 shares of the semiconductor company’s stock worth $83,202,000 after buying an additional 259,021 shares during the period. Carmignac Gestion acquired a new stake in shares of Nova during the 4th quarter worth approximately $11,638,000. Finally, Evoke Wealth LLC acquired a new stake in shares of Nova during the 4th quarter worth approximately $2,754,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Stock Performance

Shares of NVMI opened at $238.53 on Friday. Nova Ltd. has a twelve month low of $90.59 and a twelve month high of $242.93. The firm’s 50 day moving average price is $213.13 and its two-hundred day moving average price is $177.62. The firm has a market cap of $6.93 billion, a P/E ratio of 54.96, a PEG ratio of 3.47 and a beta of 1.47.

Nova (NASDAQ:NVMIGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.29. Nova had a net margin of 26.26% and a return on equity of 19.89%. The firm had revenue of $141.80 million for the quarter, compared to analyst estimates of $136.78 million. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts anticipate that Nova Ltd. will post 4.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Evercore ISI assumed coverage on shares of Nova in a research report on Tuesday, April 16th. They set an “outperform” rating and a $210.00 price target for the company. Bank of America lifted their price objective on shares of Nova from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Benchmark lifted their price objective on shares of Nova from $187.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Jefferies Financial Group assumed coverage on shares of Nova in a research note on Monday, May 13th. They set a “buy” rating and a $240.00 price objective on the stock. Finally, Needham & Company LLC reissued 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $221.25.

Get Our Latest Stock Report on Nova

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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