Nova Ltd. (NASDAQ:NVMI) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its position in shares of Nova Ltd. (NASDAQ:NVMI) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,202 shares of the semiconductor company’s stock after purchasing an additional 153 shares during the quarter. Blue Trust Inc.’s holdings in Nova were worth $250,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its position 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 valued at $280,494,000 after purchasing an additional 80,500 shares during the period. Vanguard Group Inc. increased its position 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 valued at $175,087,000 after purchasing an additional 14,115 shares during the period. Acadian Asset Management LLC boosted its stake 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 worth $142,408,000 after acquiring an additional 23,668 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 worth $151,319,000 after acquiring an additional 200,816 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its stake in shares of Nova by 28.1% during the 2nd quarter. Meitav Investment House Ltd. now owns 556,839 shares of the semiconductor company’s stock worth $130,258,000 after acquiring an additional 122,218 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup lowered Nova from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $273.00 to $224.00 in a research note on Monday, September 16th. Benchmark raised their price objective on Nova from $215.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $226.80.

Nova Stock Up 0.4 %

Shares of Nova stock opened at $183.56 on Friday. The stock has a market cap of $5.33 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 1.89 and a beta of 1.46. The business has a fifty day simple moving average of $205.94 and a 200-day simple moving average of $206.34. Nova Ltd. has a 12 month low of $90.59 and a 12 month high of $247.21.

Nova (NASDAQ:NVMI) last issued its earnings results on Thursday, August 8th. The semiconductor company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.18 by $0.43. The business had revenue of $156.86 million during 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%. Nova’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. Analysts expect 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.