Altshuler Shaham Ltd Sells 2,413 Shares of Nova Ltd. (NASDAQ:NVMI)

Altshuler Shaham Ltd lowered its holdings in Nova Ltd. (NASDAQ:NVMI) by 22.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,189 shares of the semiconductor company’s stock after selling 2,413 shares during the quarter. Altshuler Shaham Ltd’s holdings in Nova were worth $1,913,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FSC Wealth Advisors LLC bought a new position in Nova in the second quarter worth about $79,000. Signaturefd LLC lifted its stake in shares of Nova by 15.9% in the 2nd quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock valued at $180,000 after purchasing an additional 105 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Nova by 46.2% during the first quarter. Russell Investments Group Ltd. now owns 1,038 shares of the semiconductor company’s stock valued at $184,000 after purchasing an additional 328 shares in the last quarter. OLD National Bancorp IN bought a new stake in shares of Nova during the second quarter valued at approximately $205,000. Finally, D.A. Davidson & CO. purchased a new stake in Nova in the fourth quarter worth $210,000. 82.99% of the stock is currently owned by institutional investors.

Nova Price Performance

Shares of NASDAQ:NVMI opened at $200.39 on Monday. The company has a market capitalization of $5.82 billion, a PE ratio of 46.17, a PEG ratio of 2.49 and a beta of 1.46. The business has a fifty day moving average price of $210.01 and a 200-day moving average price of $202.82. Nova Ltd. has a 1-year low of $90.59 and a 1-year high of $247.21.

Nova (NASDAQ:NVMI) last issued its earnings results on Thursday, August 8th. The semiconductor company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.43. Nova had a net margin of 27.38% and a return on equity of 20.76%. The business had revenue of $156.86 million during the quarter, compared to analysts’ expectations of $148.12 million. During the same period in the previous year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Nova Ltd. will post 5.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup lowered Nova from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $273.00 to $224.00 in a research report on Monday, September 16th. Benchmark lifted their price target on shares of Nova from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $226.80.

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.