Nova Ltd. (NASDAQ:NVMI) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors decreased its position in Nova Ltd. (NASDAQ:NVMI) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,300 shares of the semiconductor company’s stock after selling 100 shares during the quarter. Optimum Investment Advisors’ holdings in Nova were worth $1,044,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Sei Investments Co. raised its position in Nova by 21.5% in the fourth quarter. Sei Investments Co. now owns 145,153 shares of the semiconductor company’s stock worth $28,588,000 after acquiring an additional 25,728 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Nova in the 4th quarter worth approximately $440,000. Royce & Associates LP lifted its stake in Nova by 12.8% during the fourth quarter. Royce & Associates LP now owns 165,710 shares of the semiconductor company’s stock valued at $32,637,000 after purchasing an additional 18,773 shares during the last quarter. Truvestments Capital LLC lifted its stake in Nova by 1.7% during the fourth quarter. Truvestments Capital LLC now owns 5,032 shares of the semiconductor company’s stock valued at $991,000 after purchasing an additional 84 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Nova by 0.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,576 shares of the semiconductor company’s stock worth $2,482,000 after buying an additional 85 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

NVMI has been the topic of several research reports. Citigroup raised Nova from a “neutral” rating to a “buy” rating and upped their price target for the company from $226.00 to $240.00 in a report on Monday, January 6th. Cantor Fitzgerald cut their target price on Nova from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Needham & Company LLC reiterated a “hold” rating on shares of Nova in a research report on Friday, February 14th. Finally, Benchmark boosted their price objective on Nova from $245.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nova presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.83.

Nova Trading Down 2.1 %

Shares of NVMI stock opened at $196.76 on Friday. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 2.55 and a beta of 1.46. Nova Ltd. has a 1-year low of $158.00 and a 1-year high of $289.90. The stock’s fifty day simple moving average is $238.47 and its 200-day simple moving average is $210.63.

Nova (NASDAQ:NVMI) last released its earnings results 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). The business had revenue of $194.77 million for the quarter, compared to analysts’ expectations of $186.50 million. Nova had a net margin of 27.33% and a return on equity of 22.33%. On average, sell-side analysts predict that Nova Ltd. will post 7.52 EPS for the current year.

Nova 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.