Cetera Investment Advisers Has $939,000 Stake in Nova Ltd. (NASDAQ:NVMI)

Cetera Investment Advisers decreased its position in Nova Ltd. (NASDAQ:NVMI) by 22.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,767 shares of the semiconductor company’s stock after selling 1,415 shares during the period. Cetera Investment Advisers’ holdings in Nova were worth $939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NVMI. SG Americas Securities LLC lifted its holdings in Nova by 352.8% in the fourth quarter. SG Americas Securities LLC now owns 3,618 shares of the semiconductor company’s stock valued at $713,000 after buying an additional 2,819 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Nova by 1.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company’s stock valued at $230,358,000 after purchasing an additional 11,915 shares during the period. Blue Trust Inc. raised its holdings in shares of Nova by 21.6% during the fourth quarter. Blue Trust Inc. now owns 1,462 shares of the semiconductor company’s stock valued at $305,000 after purchasing an additional 260 shares during the period. Swedbank AB acquired a new position in shares of Nova during the fourth quarter valued at about $2,954,000. Finally, SkyOak Wealth LLC acquired a new position in shares of Nova during the fourth quarter valued at about $327,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Price Performance

NVMI opened at $183.00 on Friday. Nova Ltd. has a fifty-two week low of $154.00 and a fifty-two week high of $289.90. The firm has a market capitalization of $5.38 billion, a PE ratio of 31.88, a P/E/G ratio of 2.55 and a beta of 1.66. The company’s 50-day moving average is $187.97 and its 200 day moving average is $207.10.

Nova (NASDAQ:NVMI) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.10. Nova had a net margin of 27.33% and a return on equity of 22.33%. The company had revenue of $213.36 million for the quarter, compared to analyst estimates of $210.10 million. During the same quarter in the prior year, the business posted $1.39 EPS. The firm’s revenue was up 50.5% compared to the same quarter last year. As a group, analysts expect that Nova Ltd. will post 7.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NVMI. Wall Street Zen upgraded shares of Nova from a “hold” rating to a “buy” rating in a report on Thursday. Cantor Fitzgerald dropped their price objective on shares of Nova from $315.00 to $300.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Bank of America dropped their price objective 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. Benchmark dropped their price objective on shares of Nova from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Finally, Citigroup dropped their price objective on shares of Nova from $290.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Nova currently has an average rating of “Moderate Buy” and a consensus price target of $277.00.

Nova 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.