Nova Ltd. (NASDAQ:NVMI) Shares Acquired by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. grew its holdings in Nova Ltd. (NASDAQ:NVMI) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,742 shares of the semiconductor company’s stock after acquiring an additional 63 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Nova were worth $935,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NVMI. Clal Insurance Enterprises Holdings Ltd grew its position in Nova by 7.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,383,339 shares of the semiconductor company’s stock worth $272,517,000 after purchasing an additional 101,470 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Nova by 7.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,370,985 shares of the semiconductor company’s stock worth $270,015,000 after acquiring an additional 97,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in Nova by 1.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company’s stock valued at $230,358,000 after acquiring an additional 11,915 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Nova by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,047,782 shares of the semiconductor company’s stock valued at $205,985,000 after acquiring an additional 14,667 shares during the period. Finally, Meitav Investment House Ltd. boosted its position in Nova by 10.1% in the 4th quarter. Meitav Investment House Ltd. now owns 713,003 shares of the semiconductor company’s stock worth $140,455,000 after purchasing an additional 65,281 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

NVMI has been the subject of several analyst reports. Cantor Fitzgerald decreased their target price on shares of Nova from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Citigroup upgraded shares of Nova from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $226.00 to $240.00 in a research report on Monday, January 6th. Benchmark raised their target price on Nova from $245.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $250.83.

Nova Trading Up 0.3 %

NASDAQ:NVMI opened at $184.90 on Wednesday. The stock has a 50 day moving average of $232.16 and a two-hundred day moving average of $210.30. Nova Ltd. has a 12 month low of $158.00 and a 12 month high of $289.90. The firm has a market cap of $5.41 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 2.55 and a beta of 1.46.

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