Susquehanna International Group Ltd. Purchases Shares of 4,884 Nova Ltd. (NASDAQ:NVMI)

Susquehanna International Group Ltd. purchased a new stake in Nova Ltd. (NASDAQ:NVMI) in the second quarter, Holdings Channel reports. The institutional investor purchased 4,884 shares of the semiconductor company’s stock, valued at approximately $1,145,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Evergreen Capital Management LLC lifted its holdings in Nova by 5.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,230 shares of the semiconductor company’s stock valued at $288,000 after acquiring an additional 59 shares during the last quarter. Vancity Investment Management Ltd lifted its holdings in Nova by 1.9% in the 1st quarter. Vancity Investment Management Ltd now owns 4,969 shares of the semiconductor company’s stock valued at $881,000 after acquiring an additional 95 shares during the last quarter. Signaturefd LLC lifted its stake in Nova by 15.9% during the second quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock valued at $180,000 after buying an additional 105 shares in the last quarter. TD Asset Management Inc lifted its stake in Nova by 3.4% during the second quarter. TD Asset Management Inc now owns 4,176 shares of the semiconductor company’s stock valued at $980,000 after buying an additional 136 shares in the last quarter. Finally, Burney Co. lifted its stake in Nova by 17.4% during the second quarter. Burney Co. now owns 1,398 shares of the semiconductor company’s stock valued at $328,000 after buying an additional 207 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVMI has been the subject of a number of analyst reports. Citigroup lowered shares of Nova from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $273.00 to $224.00 in a research note on Monday, September 16th. Benchmark upped 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $226.80.

Nova Price Performance

Shares of NVMI opened at $209.61 on Friday. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 48.30, a P/E/G ratio of 1.99 and a beta of 1.46. Nova Ltd. has a fifty-two week low of $90.59 and a fifty-two week high of $247.21. The business’s 50-day moving average is $208.38 and its 200-day moving average is $203.19.

Nova (NASDAQ:NVMI) last issued its earnings results 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. The company had revenue of $156.86 million for the quarter, compared to the consensus estimate of $148.12 million. Nova had a return on equity of 20.76% and a net margin of 27.38%. The firm’s quarterly 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. Equities research 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.