Y.D. More Investments Ltd Trims Stock Holdings in Nova Ltd. $NVMI

Y.D. More Investments Ltd reduced its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 0.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 327,425 shares of the semiconductor company’s stock after selling 2,355 shares during the quarter. Nova comprises about 5.1% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 4th largest position. Y.D. More Investments Ltd’s holdings in Nova were worth $109,365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Nova by 3.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock valued at $375,000 after purchasing an additional 37 shares during the period. Signaturefd LLC raised its holdings in Nova by 4.5% in the fourth quarter. Signaturefd LLC now owns 992 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 43 shares during the period. Bank Hapoalim BM raised its holdings in Nova by 5.1% in the third quarter. Bank Hapoalim BM now owns 910 shares of the semiconductor company’s stock worth $291,000 after purchasing an additional 44 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Nova by 1.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,947 shares of the semiconductor company’s stock worth $1,581,000 after purchasing an additional 51 shares in the last quarter. Finally, SkyOak Wealth LLC boosted its position in shares of Nova by 5.2% during the third quarter. SkyOak Wealth LLC now owns 1,130 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 56 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Nova Price Performance

Shares of NVMI stock opened at $442.23 on Monday. The firm’s fifty day moving average price is $448.60 and its two-hundred day moving average price is $376.29. The company has a current ratio of 6.28, a quick ratio of 5.47 and a debt-to-equity ratio of 0.56. Nova Ltd. has a 1 year low of $153.99 and a 1 year high of $507.27. The firm has a market capitalization of $14.05 billion, a P/E ratio of 55.21, a PEG ratio of 3.23 and a beta of 1.80.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Friday, February 13th. The semiconductor company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.01. The company had revenue of $222.62 million during the quarter, compared to the consensus estimate of $220.43 million. Nova had a net margin of 29.44% and a return on equity of 22.90%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.94 EPS. On average, equities analysts predict that Nova Ltd. will post 7.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Evercore restated an “outperform” rating and issued a $485.00 price objective on shares of Nova in a research report on Friday, February 13th. Barclays started coverage on Nova in a report on Wednesday, March 11th. They set an “overweight” rating and a $465.00 target price on the stock. Zacks Research raised Nova from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Nova in a report on Monday, December 22nd. Finally, Citigroup raised their price target on Nova from $370.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Nova has a consensus rating of “Buy” and a consensus target price of $442.25.

Nova Profile

Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.