GHP Investment Advisors Inc. Reduces Position in Nova Ltd. (NASDAQ:NVMI)

GHP Investment Advisors Inc. trimmed its holdings in Nova Ltd. (NASDAQ:NVMI) by 13.7% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,314 shares of the semiconductor company’s stock after selling 1,320 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Nova were worth $1,950,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd grew its position in Nova by 2,733.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 288,986 shares of the semiconductor company’s stock worth $67,510,000 after purchasing an additional 278,786 shares during the period. TD Asset Management Inc grew its holdings in shares of Nova by 3.4% in the second quarter. TD Asset Management Inc now owns 4,176 shares of the semiconductor company’s stock worth $980,000 after acquiring an additional 136 shares during the period. nVerses Capital LLC bought a new stake in shares of Nova in the second quarter worth $235,000. Van ECK Associates Corp increased its position in Nova by 11.6% during the second quarter. Van ECK Associates Corp now owns 7,378 shares of the semiconductor company’s stock valued at $1,730,000 after acquiring an additional 764 shares during the last quarter. Finally, TFB Advisors LLC bought a new position in Nova in the second quarter valued at about $398,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Stock Up 0.9 %

NASDAQ NVMI opened at $206.71 on Friday. Nova Ltd. has a 52 week low of $90.59 and a 52 week high of $247.21. The company has a market capitalization of $6.00 billion, a P/E ratio of 47.63, a price-to-earnings-growth ratio of 2.49 and a beta of 1.46. The stock’s 50-day moving average price is $214.26 and its 200-day moving average price is $201.83.

Nova (NASDAQ:NVMI) last released its earnings results on Thursday, August 8th. The semiconductor company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.43. Nova had a net margin of 27.38% and a return on equity of 20.76%. The company had revenue of $156.86 million during the quarter, compared to analyst estimates of $148.12 million. During the same period in the prior year, the firm posted $0.97 EPS. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. Research analysts anticipate that Nova Ltd. will post 5.63 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on NVMI. Citigroup upped their price target on shares of Nova from $223.00 to $273.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Benchmark upped their target price on shares of Nova from $215.00 to $240.00 and gave the company a “buy” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $236.60.

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.