2 weeks Ago By ABMN Staff
American Century Companies Inc. cut its holdings in shares of Nova Ltd. ( NASDAQ:NVMI – Free Report ) by 25.
0% during the 4th quarter, Holdings Channel reports. The firm owned 116,998 shares of the semiconductor company’s stock after selling 39,100 shares during the period. American Century Companies Inc.
’s holdings in Nova were worth $23,043,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP increased its stake in Nova by 438.
5% during the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 114 shares during the period. Advisors Asset Management Inc.
increased its position in shares of Nova by 89.7% in the third quarter. Advisors Asset Management Inc.
now owns 165 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 78 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Nova by 24.1% in the fourth quarter.
Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 78 shares in the last quarter. SBI Securities Co. Ltd.
bought a new stake in Nova during the fourth quarter worth about $112,000. Finally, PNC Financial Services Group Inc. grew its stake in Nova by 79.
6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,182 shares of the semiconductor company’s stock worth $233,000 after buying an additional 524 shares in the last quarter.
82.99% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several equities analysts have recently commented on the stock.
Needham & Company LLC restated a “hold” rating on shares of Nova in a research report on Friday, February 14th. Cantor Fitzgerald lowered their price objective on shares of Nova from $315.00 to $300.
00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Benchmark raised their target price on Nova from $245.00 to $295.
00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Citigroup raised Nova from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $226.00 to $240.
00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.
com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.83. Nova Stock Performance NASDAQ NVMI opened at $186.
43 on Friday. The firm’s fifty day moving average price is $234.84 and its two-hundred day moving average price is $210.
54. The stock has a market cap of $5.46 billion, a PE ratio of 32.
48, a PEG ratio of 2.55 and a beta of 1.46.
Nova Ltd. has a fifty-two week low of $158.00 and a fifty-two week high of $289.
90. Nova ( NASDAQ:NVMI – Get Free Report ) last issued its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $1.
78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.04).
The firm 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%.
As a group, sell-side analysts predict that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.
About Nova ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding NVMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nova Ltd. ( NASDAQ:NVMI – Free Report ).
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