Nova Ltd. (NASDAQ:NVMI) Shares Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd boosted its stake in Nova Ltd. (NASDAQ:NVMI) by 2,733.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 288,986 shares of the semiconductor company’s stock after buying an additional 278,786 shares during the quarter. Nova comprises approximately 6.9% of Y.D. More Investments Ltd’s portfolio, making the stock its 3rd biggest holding. Y.D. More Investments Ltd’s holdings in Nova were worth $67,510,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FSC Wealth Advisors LLC acquired a new position in shares of Nova during the second quarter valued at approximately $79,000. Signaturefd LLC increased its position in shares of Nova by 15.9% during the second quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock worth $180,000 after purchasing an additional 105 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Nova by 46.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,038 shares of the semiconductor company’s stock valued at $184,000 after purchasing an additional 328 shares during the last quarter. OLD National Bancorp IN acquired a new position in Nova in the 2nd quarter valued at $205,000. Finally, D.A. Davidson & CO. purchased a new position in Nova in the 4th quarter valued at $210,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Benchmark upped their target price on shares of Nova from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Citigroup upped their price objective on shares of Nova from $223.00 to $273.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Nova has a consensus rating of “Moderate Buy” and a consensus target price of $236.60.

Nova Stock Up 1.8 %

NASDAQ NVMI opened at $201.68 on Thursday. The business’s fifty day simple moving average is $215.57 and its 200-day simple moving average is $201.53. The firm has a market cap of $5.86 billion, a PE ratio of 46.47, a P/E/G ratio of 2.44 and a beta of 1.46. Nova Ltd. has a 52 week low of $90.59 and a 52 week high of $247.21.

Nova (NASDAQ:NVMI) last issued its earnings results on Thursday, August 8th. The semiconductor company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.43. The company had revenue of $156.86 million for the quarter, compared to the consensus estimate of $148.12 million. Nova had a net margin of 27.38% and a return on equity of 20.76%. Nova’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 earnings per share. Research analysts expect that Nova Ltd. will post 5.63 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.