XTX Topco Ltd Sells 2,427 Shares of Nova Ltd. (NASDAQ:NVMI)

XTX Topco Ltd decreased its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 70.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,003 shares of the semiconductor company’s stock after selling 2,427 shares during the quarter. XTX Topco Ltd’s holdings in Nova were worth $235,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. grew its stake in 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 worth $280,494,000 after buying an additional 80,500 shares in the last quarter. Vanguard Group Inc. grew its position in Nova by 1.5% in the first quarter. Vanguard Group Inc. now owns 987,071 shares of the semiconductor company’s stock worth $175,087,000 after acquiring an additional 14,115 shares in the last quarter. Acadian Asset Management LLC grew its position in Nova by 3.0% in the first quarter. Acadian Asset Management LLC now owns 803,025 shares of the semiconductor company’s stock worth $142,408,000 after acquiring an additional 23,668 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Nova by 45.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company’s stock valued at $151,319,000 after acquiring an additional 200,816 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Nova by 74.9% during the fourth 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 in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NVMI. Citigroup cut Nova from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $273.00 to $224.00 in a report on Monday, September 16th. Benchmark upped 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $226.80.

Nova Trading Down 1.0 %

NASDAQ NVMI opened at $209.61 on Friday. The firm has a market cap of $6.09 billion, a PE ratio of 48.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.46. Nova Ltd. has a 1-year low of $90.59 and a 1-year high of $247.21. The stock has a 50-day moving average of $208.50 and a 200-day moving average of $203.48.

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

About Nova

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.