XTX Topco Ltd Buys Shares of 1,352 Nova Ltd. (NASDAQ:NVMI)

XTX Topco Ltd purchased a new stake in Nova Ltd. (NASDAQ:NVMI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,352 shares of the semiconductor company’s stock, valued at approximately $249,000.

A number of other large investors have also recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of Nova by 0.8% in the fourth quarter. Alliancebernstein L.P. now owns 5,688 shares of the semiconductor company’s stock valued at $1,120,000 after purchasing an additional 44 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Nova by 3.6% in the fourth quarter. NewEdge Advisors LLC now owns 1,339 shares of the semiconductor company’s stock valued at $264,000 after purchasing an additional 47 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Nova by 5.0% in the fourth quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company’s stock valued at $226,000 after purchasing an additional 55 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Nova by 3.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,926 shares of the semiconductor company’s stock valued at $379,000 after purchasing an additional 68 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Nova by 1.9% in the first quarter. Mackenzie Financial Corp now owns 7,802 shares of the semiconductor company’s stock valued at $1,428,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Trading Up 0.7%

Shares of NVMI stock opened at $272.31 on Tuesday. The business’s fifty day simple moving average is $258.35 and its 200-day simple moving average is $226.85. Nova Ltd. has a 12-month low of $153.99 and a 12-month high of $291.99. The company has a market cap of $8.01 billion, a PE ratio of 37.05, a PEG ratio of 2.37 and a beta of 1.67.

Nova (NASDAQ:NVMI) last released its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. Nova had a return on equity of 24.36% and a net margin of 29.10%. The firm had revenue of $219.99 million for the quarter, compared to the consensus estimate of $214.95 million. During the same period in the prior year, the firm earned $1.61 EPS. The firm’s revenue was up 40.2% on a year-over-year basis. On average, equities analysts forecast that Nova Ltd. will post 7.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 target price (up previously from $250.00) on shares of Nova in a report on Tuesday, June 24th. Benchmark lowered their target price on Nova from $295.00 to $280.00 and set a “buy” rating for the company in a report on Friday, May 9th. Wall Street Zen lowered Nova from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Citigroup lowered their target price on Nova from $290.00 to $280.00 and set a “buy” rating for the company in a report on Friday, May 9th. Finally, Bank of America upped their target price on Nova from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $282.50.

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.