Twin Tree Management LP Has $649,000 Stake in Nova Ltd. (NASDAQ:NVMI)

Twin Tree Management LP decreased its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 83.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,293 shares of the semiconductor company’s stock after selling 16,305 shares during the quarter. Twin Tree Management LP’s holdings in Nova were worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NVMI. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Nova by 74.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,281,869 shares of the semiconductor company’s stock worth $267,487,000 after buying an additional 547,833 shares during the period. Franklin Resources Inc. grew its position in shares of Nova by 115.1% during the 3rd quarter. Franklin Resources Inc. now owns 661,282 shares of the semiconductor company’s stock worth $146,515,000 after buying an additional 353,906 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Nova by 7.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,370,985 shares of the semiconductor company’s stock worth $270,015,000 after buying an additional 97,000 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Nova during the 3rd quarter worth approximately $19,659,000. Finally, Two Sigma Advisers LP grew its position in Nova by 121.9% in the 3rd quarter. Two Sigma Advisers LP now owns 145,100 shares of the semiconductor company’s stock valued at $30,230,000 after purchasing an additional 79,700 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Benchmark lifted their price target on shares of Nova from $245.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Cantor Fitzgerald reduced their price target on shares of Nova from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Citigroup raised shares of Nova from a “neutral” rating to a “buy” rating and lifted their price target for the company from $226.00 to $240.00 in a research report on Monday, January 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Nova in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $250.83.

Nova Price Performance

NVMI opened at $198.25 on Wednesday. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 34.54, a P/E/G ratio of 2.55 and a beta of 1.46. The firm’s fifty day moving average price is $239.74 and its two-hundred day moving average price is $210.93. Nova Ltd. has a 1 year low of $158.00 and a 1 year high of $289.90.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.04). The firm had revenue of $194.77 million for the quarter, compared to analysts’ expectations of $186.50 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. As a group, equities analysts anticipate that Nova Ltd. will post 7.52 EPS 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.