Sei Investments Co. Has $33.38 Million Holdings in Nova Ltd. (NASDAQ:NVMI)

Sei Investments Co. increased its position in shares of Nova Ltd. (NASDAQ:NVMI) by 10.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,312 shares of the semiconductor company’s stock after buying an additional 13,889 shares during the period. Sei Investments Co.’s holdings in Nova were worth $33,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Nova in the 4th quarter valued at about $9,409,000. UBS Group AG grew its holdings in Nova by 20.9% during the fourth quarter. UBS Group AG now owns 52,423 shares of the semiconductor company’s stock worth $7,202,000 after purchasing an additional 9,058 shares during the period. D.A. Davidson & CO. bought a new position in Nova during the fourth quarter worth about $210,000. Olympiad Research LP acquired a new position in Nova during the fourth quarter worth approximately $282,000. Finally, Evoke Wealth LLC bought a new stake in Nova in the fourth quarter valued at approximately $2,754,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Trading Up 0.4 %

NASDAQ:NVMI opened at $201.17 on Tuesday. The stock has a 50 day simple moving average of $209.23 and a 200 day simple moving average of $202.96. Nova Ltd. has a 1-year low of $90.59 and a 1-year high of $247.21. The stock has a market cap of $5.84 billion, a P/E ratio of 46.35, a PEG ratio of 2.49 and a beta of 1.46.

Nova (NASDAQ:NVMI) last announced its earnings results on Thursday, August 8th. The semiconductor company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.43. Nova had a net margin of 27.38% and a return on equity of 20.76%. The company had revenue of $156.86 million during the quarter, compared to analysts’ expectations of $148.12 million. During the same quarter in the previous year, the business posted $0.97 earnings per share. Nova’s quarterly revenue was up 27.8% on a year-over-year basis. As a group, sell-side analysts forecast that Nova Ltd. will post 5.63 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on NVMI shares. Benchmark lifted their target price on Nova from $215.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Citigroup downgraded shares of Nova from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $273.00 to $224.00 in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.80.

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.