Nova Ltd. (NASDAQ:NVMI) Shares Acquired by Signaturefd LLC

Signaturefd LLC lifted its position in shares of Nova Ltd. (NASDAQ:NVMI) by 31.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,008 shares of the semiconductor company’s stock after purchasing an additional 241 shares during the quarter. Signaturefd LLC’s holdings in Nova were worth $210,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVMI. Migdal Insurance & Financial Holdings Ltd. raised its position in Nova by 7.2% in the second 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. grew its stake in shares of Nova by 1.5% in the first quarter. Vanguard Group Inc. now owns 987,071 shares of the semiconductor company’s stock valued at $175,087,000 after buying an additional 14,115 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Nova by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 803,025 shares of the semiconductor company’s stock valued at $142,408,000 after buying an additional 23,668 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Nova by 45.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company’s stock worth $151,319,000 after acquiring an additional 200,816 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its holdings in Nova by 28.1% in the 2nd quarter. Meitav Investment House Ltd. now owns 556,839 shares of the semiconductor company’s stock worth $130,258,000 after acquiring an additional 122,218 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NVMI. Benchmark lifted their price objective on shares of Nova from $215.00 to $240.00 and gave the company 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 dropped their price target for the stock from $273.00 to $224.00 in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $226.80.

Nova Stock Up 0.4 %

Shares of NVMI opened at $184.24 on Monday. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 42.45, a PEG ratio of 1.89 and a beta of 1.46. The business’s 50 day moving average is $204.97 and its two-hundred day moving average is $206.59. Nova Ltd. has a 52-week low of $90.59 and a 52-week high of $247.21.

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