Edmond DE Rothschild Holding S.A. Boosts Stock Position in Nova Ltd. (NASDAQ:NVMI)

Edmond DE Rothschild Holding S.A. increased its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,742 shares of the semiconductor company’s stock after acquiring an additional 63 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Nova were worth $935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Nova by 438.5% during the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 114 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Nova by 24.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 78 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Nova in the 4th quarter valued at approximately $112,000. PNC Financial Services Group Inc. grew its stake in shares of Nova by 79.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,182 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 524 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of Nova during the 4th quarter worth approximately $237,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analysts Set New Price Targets

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

Nova Trading Up 0.3 %

NVMI opened at $184.90 on Wednesday. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.55 and a beta of 1.46. The stock’s 50-day moving average price is $232.16 and its 200 day moving average price is $210.30. Nova Ltd. has a 12-month low of $158.00 and a 12-month high of $289.90.

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

Nova 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.