Nova Ltd. (NASDAQ:NVMI) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Nova Ltd. (NASDAQ:NVMI) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,576 shares of the semiconductor company’s stock after acquiring an additional 85 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nova were worth $2,482,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Amundi increased its position in Nova by 4.7% in the 4th quarter. Amundi now owns 8,133 shares of the semiconductor company’s stock valued at $1,602,000 after acquiring an additional 364 shares during the period. PNC Financial Services Group Inc. increased its position in Nova by 79.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,182 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 524 shares during the period. Callan Family Office LLC bought a new position in Nova during the 4th quarter valued at $611,000. Raymond James Financial Inc. bought a new position in Nova during the 4th quarter valued at $6,541,000. Finally, Aigen Investment Management LP boosted its stake in Nova by 6.1% during the 4th quarter. Aigen Investment Management LP now owns 3,165 shares of the semiconductor company’s stock valued at $623,000 after purchasing an additional 181 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NVMI shares. Citigroup raised Nova from a “neutral” rating to a “buy” rating and increased their price target for the company from $226.00 to $240.00 in a research note on Monday, January 6th. Cantor Fitzgerald decreased their price target on Nova from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday. Benchmark increased their price target on Nova from $245.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Nova currently has an average rating of “Moderate Buy” and a consensus target price of $250.83.

Nova Stock Up 1.8 %

NVMI opened at $219.13 on Monday. The firm has a market cap of $6.42 billion, a PE ratio of 38.18, a P/E/G ratio of 2.55 and a beta of 1.46. The business has a fifty day simple moving average of $240.27 and a 200-day simple moving average of $211.21. Nova Ltd. has a fifty-two week low of $158.00 and a fifty-two week high of $289.90.

Nova (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.04). The company had revenue of $194.77 million for the quarter, compared to the consensus estimate of $186.50 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. On average, equities research analysts anticipate that Nova Ltd. will post 7.52 EPS 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.