Nova Ltd. (NASDAQ:NVMI) Position Increased by Semanteon Capital Management LP

by · The Cerbat Gem

Semanteon Capital Management LP lifted its holdings in Nova Ltd. (NASDAQ:NVMI – Free Report) by 222.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,681 shares of the semiconductor company’s stock after purchasing an additional 3,228 shares during the quarter. Semanteon Capital Management LP’s holdings in Nova were worth $975,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of NVMI. Evergreen Capital Management LLC grew its holdings in Nova by 5.0% during the second quarter. Evergreen Capital Management LLC now owns 1,230 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 59 shares during the period. Vancity Investment Management Ltd boosted its position in shares of Nova by 1.9% in the 1st quarter. Vancity Investment Management Ltd now owns 4,969 shares of the semiconductor company’s stock valued at $881,000 after purchasing an additional 95 shares during the period. Signaturefd LLC raised its holdings in Nova by 15.9% during the 2nd quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock worth $180,000 after buying an additional 105 shares during the period. TD Asset Management Inc raised its holdings in Nova by 3.4% during the 2nd quarter. TD Asset Management Inc now owns 4,176 shares of the semiconductor company’s stock worth $980,000 after buying an additional 136 shares during the period. Finally, Blue Trust Inc. boosted its stake in Nova by 14.6% in the 3rd quarter. Blue Trust Inc. now owns 1,202 shares of the semiconductor company’s stock worth $250,000 after purchasing an additional 153 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NVMI has been the subject of a number of research analyst reports. Benchmark increased their price target on shares of Nova from $215.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Citigroup lowered shares of Nova from a “buy” rating to a “neutral” rating and decreased their target price for the company from $273.00 to $224.00 in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Nova has a consensus rating of “Moderate Buy” and a consensus price target of $226.80.

Get Our Latest Research Report on NVMI

Nova Stock Performance

Shares of Nova stock traded up $5.44 during midday trading on Monday, reaching $189.68. 15,970 shares of the company’s stock traded hands, compared to its average volume of 184,710. The company’s 50 day simple moving average is $204.97 and its 200 day simple moving average is $206.59. Nova Ltd. has a 52 week low of $91.39 and a 52 week high of $247.21. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 1.89 and a beta of 1.46.

Nova (NASDAQ:NVMI – Get Free Report) last posted its earnings results on Thursday, August 8th. The semiconductor company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.43. The business had revenue of $156.86 million for the quarter, compared to analyst estimates of $148.12 million. Nova had a net margin of 27.38% and a return on equity of 20.76%. Nova’s revenue was up 27.8% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. As a group, equities research analysts predict that Nova Ltd. will post 5.63 earnings per share for the current year.

Nova Company Profile

(Free Report)

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.

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