Nova Ltd. (NASDAQ:NVMI) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 21.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,228 shares of the semiconductor company’s stock after selling 29,652 shares during the period. Thrivent Financial for Lutherans owned 0.37% of Nova worth $25,383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Nova by 7.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,195,985 shares of the semiconductor company’s stock worth $280,494,000 after purchasing an additional 80,500 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Nova by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 987,071 shares of the semiconductor company’s stock worth $175,087,000 after purchasing an additional 14,115 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Nova by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 803,025 shares of the semiconductor company’s stock valued at $142,408,000 after buying an additional 23,668 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Nova by 45.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company’s stock valued at $151,319,000 after buying an additional 200,816 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Nova by 74.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 604,977 shares of the semiconductor company’s stock valued at $83,202,000 after buying an additional 259,021 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on NVMI. 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. Citigroup lowered shares of Nova from a “buy” rating to a “neutral” rating and reduced their price target for the company from $273.00 to $224.00 in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $226.80.

Nova Stock Up 0.4 %

Shares of NASDAQ NVMI opened at $201.17 on Tuesday. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 2.49 and a beta of 1.46. Nova Ltd. has a 52-week low of $90.59 and a 52-week high of $247.21. The business’s 50 day moving average is $209.23 and its two-hundred day moving average is $202.96.

Nova (NASDAQ:NVMI) last announced its earnings results on Thursday, August 8th. The semiconductor company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.43. The company had revenue of $156.86 million for the quarter, compared to analyst estimates of $148.12 million. Nova had a return on equity of 20.76% and a net margin of 27.38%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 earnings per share. Analysts anticipate that Nova Ltd. will post 5.63 EPS for the current fiscal 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.