4 days Ago By Defense World Staff
Wellington Management Group LLP acquired a new stake in shares of Nova Ltd. ( NASDAQ:NVMI – Free Report ) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 1,200 shares of the semiconductor company’s stock, valued at approximately $237,000.
Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Nova by 253.
9% during the third quarter. JPMorgan Chase & Co. now owns 35,327 shares of the semiconductor company’s stock valued at $7,360,000 after purchasing an additional 25,345 shares in the last quarter.
SkyOak Wealth LLC bought a new stake in shares of Nova during the 4th quarter valued at $327,000. Franklin Resources Inc. lifted its stake in shares of Nova by 115.
1% during the 3rd quarter. Franklin Resources Inc. now owns 661,282 shares of the semiconductor company’s stock valued at $146,515,000 after buying an additional 353,906 shares in the last quarter.
Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Nova by 7.6% in the 4th quarter.
Migdal Insurance & Financial Holdings Ltd. now owns 1,370,985 shares of the semiconductor company’s stock worth $270,015,000 after buying an additional 97,000 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd.
increased its stake in Nova by 1.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd.
now owns 1,169,625 shares of the semiconductor company’s stock worth $230,358,000 after buying an additional 11,915 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets Several equities analysts have recently commented on the company. Benchmark boosted their price objective on Nova from $245.00 to $295.
00 and gave the company a “buy” rating in a research report on Friday, February 14th. Cantor Fitzgerald dropped 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, March 14th. Needham & Company LLC reiterated a “hold” rating on shares of Nova in a research report on Friday, February 14th. Finally, Citigroup upgraded shares of Nova from a “neutral” rating to a “buy” rating and upped their target price for the stock from $226.
00 to $240.00 in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock.
According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $250.83.
Nova Price Performance NASDAQ NVMI opened at $186.78 on Wednesday. Nova Ltd.
has a 1-year low of $154.00 and a 1-year high of $289.90.
The business has a 50 day simple moving average of $216.64 and a two-hundred day simple moving average of $208.31.
The stock has a market capitalization of $5.47 billion, a PE ratio of 32.54, a P/E/G ratio of 2.
55 and a beta of 1.63. Nova ( NASDAQ:NVMI – Get Free Report ) last announced its quarterly earnings results 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). Nova had a return on equity of 22.33% and a net margin of 27.
33%. The business had revenue of $194.77 million during the quarter, compared to the consensus estimate of $186.
50 million. On average, analysts anticipate that Nova Ltd. will post 7.
52 EPS for the current fiscal year. Nova Company Profile ( 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 Five stocks we like better than Nova How to Invest in Tech Stocks and Top Tech Stocks to Consider Beware of BigBear.ai: Insiders Are Selling—Should You? Stock Dividend Cuts Happen Are You Ready? CrowdStrike Stock is a Buy as Cyberthreat Environment Expands How to Short a Stock in 5 Easy Steps Congress! Who Traded What During the Tariff-Induced Meltdown Receive News & Ratings for Nova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nova and related companies with MarketBeat.
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