Creative Planning Buys 155 Shares of Nova Ltd. (NASDAQ:NVMI)

Creative Planning increased its stake in Nova Ltd. (NASDAQ:NVMI) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,567 shares of the semiconductor company’s stock after purchasing an additional 155 shares during the period. Creative Planning’s holdings in Nova were worth $837,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Employees Retirement System of Texas bought a new position in shares of Nova in the second quarter worth $68,000. FSC Wealth Advisors LLC bought a new position in shares of Nova in the second quarter worth $79,000. Signaturefd LLC increased its position in shares of Nova by 15.9% in the second quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock worth $180,000 after purchasing an additional 105 shares during the period. OLD National Bancorp IN bought a new position in shares of Nova in the second quarter worth $205,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Nova in the second quarter worth $211,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

NVMI has been the topic of a number of recent analyst reports. Citigroup cut Nova from a “buy” rating to a “neutral” rating and decreased their target price for the company from $273.00 to $224.00 in a research report on Monday, September 16th. Benchmark lifted their target price on Nova from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $226.80.

Nova Trading Up 3.1 %

NASDAQ:NVMI opened at $216.49 on Friday. The stock has a market cap of $6.29 billion, a P/E ratio of 45.01, a price-to-earnings-growth ratio of 2.08 and a beta of 1.46. The stock’s 50-day moving average is $208.71 and its 200-day moving average is $205.31. Nova Ltd. has a 1-year low of $90.59 and a 1-year high of $247.21.

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

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.