Nova Ltd. (NASDAQ:NVMI) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd reduced its position in Nova Ltd. (NASDAQ:NVMI) by 56.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,940 shares of the semiconductor company’s stock after selling 7,671 shares during the quarter. Altshuler Shaham Ltd’s holdings in Nova were worth $821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVMI. UBS Group AG grew its stake in shares of Nova by 8.9% in the 3rd quarter. UBS Group AG now owns 43,365 shares of the semiconductor company’s stock valued at $4,876,000 after purchasing an additional 3,539 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in Nova by 3.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,070,485 shares of the semiconductor company’s stock valued at $147,074,000 after buying an additional 33,800 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Nova by 2.1% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,312,919 shares of the semiconductor company’s stock worth $147,625,000 after buying an additional 27,050 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Nova by 33.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 276,478 shares of the semiconductor company’s stock worth $31,087,000 after acquiring an additional 69,249 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of Nova by 83.7% in the third quarter. Campbell & CO Investment Adviser LLC now owns 8,705 shares of the semiconductor company’s stock valued at $979,000 after acquiring an additional 3,966 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Stock Up 6.6 %

Shares of NASDAQ NVMI traded up $12.02 during midday trading on Thursday, hitting $193.14. The company had a trading volume of 456,473 shares, compared to its average volume of 168,620. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 45.31, a price-to-earnings-growth ratio of 6.76 and a beta of 1.40. Nova Ltd. has a twelve month low of $89.59 and a twelve month high of $198.71. The business has a 50-day simple moving average of $175.42 and a two-hundred day simple moving average of $147.32.

Nova (NASDAQ:NVMI) last posted its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.29. The company had revenue of $141.80 million during the quarter, compared to the consensus estimate of $136.78 million. Nova had a net margin of 26.32% and a return on equity of 20.55%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.12 EPS. On average, equities analysts forecast that Nova Ltd. will post 4.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVMI. Evercore ISI began coverage on shares of Nova in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $210.00 price objective for the company. Benchmark raised their price target on Nova from $150.00 to $187.00 and gave the company a “buy” rating in a report on Friday, February 16th.

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.