Olympiad Research LP Has $320,000 Stock Position in Nova Ltd. (NASDAQ:NVMI)

Olympiad Research LP lowered its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 45.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,627 shares of the semiconductor company’s stock after selling 1,335 shares during the period. Olympiad Research LP’s holdings in Nova were worth $320,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Meitav Investment House Ltd. boosted its stake in Nova by 10.1% during the fourth quarter. Meitav Investment House Ltd. now owns 713,003 shares of the semiconductor company’s stock worth $140,455,000 after buying an additional 65,281 shares in the last quarter. Peregrine Investment Management Inc. acquired a new stake in Nova during the fourth quarter worth $4,140,000. Blue Trust Inc. boosted its stake in Nova by 6.1% during the fourth quarter. Blue Trust Inc. now owns 1,275 shares of the semiconductor company’s stock worth $251,000 after buying an additional 73 shares in the last quarter. Van ECK Associates Corp boosted its stake in Nova by 2.0% during the fourth quarter. Van ECK Associates Corp now owns 7,753 shares of the semiconductor company’s stock worth $1,527,000 after buying an additional 149 shares in the last quarter. Finally, Stephens Inc. AR acquired a new stake in Nova during the fourth quarter worth $2,813,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Stock Performance

Shares of NASDAQ:NVMI opened at $268.83 on Friday. The company’s fifty day moving average is $230.97 and its 200-day moving average is $210.65. Nova Ltd. has a 52 week low of $158.00 and a 52 week high of $289.90. The company has a market capitalization of $7.81 billion, a PE ratio of 46.83, a P/E/G ratio of 2.55 and a beta of 1.44.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NVMI shares. Benchmark lifted their price target on shares of Nova from $245.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Cantor Fitzgerald started coverage on shares of Nova in a research note on Monday, January 13th. They issued an “overweight” rating and a $275.00 target price on the stock. Citigroup upgraded shares of Nova from a “neutral” rating to a “buy” rating and boosted their target price for the company from $226.00 to $240.00 in a research note on Monday, January 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Nova in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Nova has a consensus rating of “Moderate Buy” and a consensus target price of $246.67.

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.