Y Intercept Hong Kong Ltd Has $209,000 Stock Position in Nova Ltd. (NASDAQ:NVMI)

Y Intercept Hong Kong Ltd lessened its position in shares of Nova Ltd. (NASDAQ:NVMI) by 54.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,062 shares of the semiconductor company’s stock after selling 1,292 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Nova were worth $209,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NVMI. Meitav Investment House Ltd. raised its holdings in Nova by 10.1% during the 4th quarter. Meitav Investment House Ltd. now owns 713,003 shares of the semiconductor company’s stock worth $140,455,000 after purchasing an additional 65,281 shares during the last quarter. Peregrine Investment Management Inc. bought a new stake in shares of Nova during the fourth quarter worth approximately $4,140,000. Blue Trust Inc. raised its stake in shares of Nova by 6.1% during the fourth quarter. Blue Trust Inc. now owns 1,275 shares of the semiconductor company’s stock worth $251,000 after buying an additional 73 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Nova by 2.0% in the fourth quarter. Van ECK Associates Corp now owns 7,753 shares of the semiconductor company’s stock valued at $1,527,000 after buying an additional 149 shares during the period. Finally, Stephens Inc. AR bought a new position in Nova in the fourth quarter valued at approximately $2,813,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NVMI shares. Benchmark increased their price target on Nova from $245.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Citigroup upgraded Nova from a “neutral” rating to a “buy” rating and upped their price objective for the company from $226.00 to $240.00 in a report on Monday, January 6th. Needham & Company LLC restated a “hold” rating on shares of Nova in a report on Friday, February 14th. Finally, Cantor Fitzgerald assumed coverage on Nova in a research report on Monday, January 13th. They set an “overweight” rating and a $275.00 target price for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $246.67.

Nova Trading Up 1.7 %

NVMI stock opened at $227.33 on Thursday. Nova Ltd. has a 1-year low of $158.00 and a 1-year high of $289.90. The firm has a market cap of $6.66 billion, a PE ratio of 39.60, a P/E/G ratio of 2.55 and a beta of 1.46. The business’s 50-day moving average price is $237.79 and its two-hundred day moving average price is $211.68.

Nova (NASDAQ:NVMI) last released its quarterly earnings data 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 net margin of 27.33% and a return on equity of 22.33%. The business had revenue of $194.77 million for the quarter, compared to the consensus estimate of $186.50 million. On average, analysts forecast that Nova Ltd. will post 7.52 earnings per share for the current 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.