Nova Ltd. (NASDAQ:NVMI) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd cut its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 56.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,940 shares of the semiconductor company’s stock after selling 7,671 shares during the period. Altshuler Shaham Ltd’s holdings in Nova were worth $821,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NVMI. UBS Group AG lifted its position in shares of Nova by 8.9% during the 3rd quarter. UBS Group AG now owns 43,365 shares of the semiconductor company’s stock valued at $4,876,000 after acquiring an additional 3,539 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Nova by 3.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,070,485 shares of the semiconductor company’s stock valued at $147,074,000 after purchasing an additional 33,800 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in Nova by 2.1% in 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 purchasing an additional 27,050 shares in the last quarter. Massachusetts Financial Services Co. MA raised 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 buying an additional 69,249 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its stake in Nova by 83.7% during the third quarter. Campbell & CO Investment Adviser LLC now owns 8,705 shares of the semiconductor company’s stock valued at $979,000 after buying an additional 3,966 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Nova Stock Performance

Shares of NASDAQ NVMI traded up $12.02 during mid-day trading on Thursday, reaching $193.14. The company had a trading volume of 456,473 shares, compared to its average volume of 168,620. The stock has a market capitalization of $5.54 billion, a PE ratio of 45.31, a price-to-earnings-growth ratio of 6.76 and a beta of 1.40. Nova Ltd. has a twelve month low of $89.59 and a twelve month high of $198.71. The stock’s 50 day moving average is $175.42 and its 200-day moving average is $147.32.

Nova (NASDAQ:NVMI) last posted its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.29. The company had revenue of $141.80 million during the quarter, compared to the consensus estimate of $136.78 million. Nova had a return on equity of 20.55% and a net margin of 26.32%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $1.12 EPS. On average, sell-side analysts anticipate that Nova Ltd. will post 4.87 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVMI. Evercore ISI started coverage on shares of Nova in a report on Tuesday, April 16th. They set an “outperform” rating and a $210.00 price target on the stock. Benchmark upped their target price on Nova from $150.00 to $187.00 and gave the company a “buy” rating in a report on Friday, February 16th.

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.