9,145 Shares in Nova Ltd. (NASDAQ:NVMI) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new position in shares of Nova Ltd. (NASDAQ:NVMI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,145 shares of the semiconductor company’s stock, valued at approximately $1,256,000. Nova makes up approximately 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 15th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in NVMI. UBS Group AG grew its holdings in Nova by 8.9% during the 3rd quarter. UBS Group AG now owns 43,365 shares of the semiconductor company’s stock worth $4,876,000 after acquiring an additional 3,539 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Nova by 3.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,070,485 shares of the semiconductor company’s stock worth $147,074,000 after acquiring an additional 33,800 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in Nova by 2.1% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,312,919 shares of the semiconductor company’s stock worth $147,625,000 after acquiring an additional 27,050 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Nova by 33.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 276,478 shares of the semiconductor company’s stock worth $31,087,000 after acquiring an additional 69,249 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its holdings in Nova by 83.7% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 8,705 shares of the semiconductor company’s stock worth $979,000 after acquiring an additional 3,966 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVMI has been the topic of a number of research reports. Evercore ISI initiated coverage on shares of Nova in a report on Tuesday, April 16th. They set an “outperform” rating and a $210.00 target price on the stock. Benchmark upped their price objective on shares of Nova from $150.00 to $187.00 and gave the company a “buy” rating in a research note on Friday, February 16th.

Nova Stock Performance

Shares of NASDAQ:NVMI traded up $4.35 during trading on Thursday, reaching $170.92. The stock had a trading volume of 83,691 shares, compared to its average volume of 165,485. The firm’s fifty day moving average is $173.41 and its 200 day moving average is $142.53. Nova Ltd. has a 52 week low of $87.85 and a 52 week high of $190.51. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 39.93, a P/E/G ratio of 6.38 and a beta of 1.41.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.14. Nova had a net margin of 26.32% and a return on equity of 20.55%. The company had revenue of $134.22 million for the quarter, compared to analyst estimates of $128.00 million. On average, research analysts forecast that Nova Ltd. will post 4.87 earnings per share for the current fiscal year.

About Nova

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.