Nova Ltd. (NASDAQ:NVMI) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers increased its holdings in Nova Ltd. (NASDAQ:NVMI) by 5.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,009 shares of the semiconductor company’s stock after buying an additional 242 shares during the period. Cetera Investment Advisers’ holdings in Nova were worth $923,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NVMI. Wasatch Advisors LP boosted its holdings in shares of Nova by 49.3% in the 4th quarter. Wasatch Advisors LP now owns 2,411,677 shares of the semiconductor company’s stock valued at $474,980,000 after buying an additional 796,629 shares during the period. Polar Capital Holdings Plc boosted its holdings in shares of Nova by 504.5% in the 4th quarter. Polar Capital Holdings Plc now owns 354,302 shares of the semiconductor company’s stock valued at $69,780,000 after buying an additional 295,691 shares during the period. Capital World Investors boosted its holdings in shares of Nova by 33.3% in the 4th quarter. Capital World Investors now owns 600,868 shares of the semiconductor company’s stock valued at $118,341,000 after buying an additional 150,000 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Nova in the 4th quarter valued at about $9,859,000. Finally, Oberweis Asset Management Inc. boosted its holdings in shares of Nova by 77.9% in the 4th quarter. Oberweis Asset Management Inc. now owns 111,000 shares of the semiconductor company’s stock valued at $21,861,000 after buying an additional 48,600 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Citigroup decreased their price target on shares of Nova from $290.00 to $280.00 and set a “buy” rating for the company in a report on Friday, May 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price objective (up from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Benchmark cut their price objective on shares of Nova from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Bank of America lifted their price objective on shares of Nova from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of Nova from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nova presently has an average rating of “Moderate Buy” and a consensus price target of $282.50.

Nova Stock Down 0.3%

Shares of NASDAQ:NVMI opened at $271.50 on Wednesday. The company has a market cap of $7.98 billion, a PE ratio of 36.94, a P/E/G ratio of 2.27 and a beta of 1.67. The company’s 50-day moving average price is $259.59 and its 200 day moving average price is $227.16. Nova Ltd. has a fifty-two week low of $153.99 and a fifty-two week high of $291.99.

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

Nova Company 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.