Cubist Systematic Strategies LLC Has $4.73 Million Stock Holdings in Nova Ltd. (NASDAQ:NVMI)

Cubist Systematic Strategies LLC boosted its position in shares of Nova Ltd. (NASDAQ:NVMI) by 247.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,164 shares of the semiconductor company’s stock after buying an additional 14,367 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.07% of Nova worth $4,729,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Nova by 7.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,195,985 shares of the semiconductor company’s stock valued at $280,494,000 after purchasing an additional 80,500 shares during the period. Vanguard Group Inc. lifted its stake in shares of Nova by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 987,071 shares of the semiconductor company’s stock valued at $175,087,000 after purchasing an additional 14,115 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Nova by 3.0% in the 1st quarter. Acadian Asset Management LLC now owns 803,025 shares of the semiconductor company’s stock valued at $142,408,000 after purchasing an additional 23,668 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Nova by 45.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company’s stock valued at $151,319,000 after purchasing an additional 200,816 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Nova by 74.9% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 604,977 shares of the semiconductor company’s stock valued at $83,202,000 after purchasing an additional 259,021 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

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

Nova Trading Down 1.0 %

Shares of Nova stock opened at $209.61 on Friday. The stock’s fifty day simple moving average is $208.38 and its 200 day simple moving average is $203.19. The company has a market capitalization of $6.09 billion, a PE ratio of 48.30, a PEG ratio of 1.99 and a beta of 1.46. Nova Ltd. has a 12 month low of $90.59 and a 12 month high of $247.21.

Nova (NASDAQ:NVMI) last released its earnings results on Thursday, August 8th. The semiconductor company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.43. The firm had revenue of $156.86 million during the quarter, compared to analysts’ expectations of $148.12 million. Nova had a return on equity of 20.76% and a net margin of 27.38%. The company’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. Analysts predict that Nova Ltd. will post 5.63 EPS for the current fiscal year.

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.