1832 Asset Management L.P. Has $54,000 Holdings in Nova Ltd. (NASDAQ:NVMI)

1832 Asset Management L.P. trimmed its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 99.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 231 shares of the semiconductor company’s stock after selling 160,000 shares during the period. 1832 Asset Management L.P.’s holdings in Nova were worth $54,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NVMI. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Nova by 7.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,195,985 shares of the semiconductor company’s stock valued at $280,494,000 after purchasing an additional 80,500 shares during the period. Vanguard Group Inc. raised its position in Nova by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 987,071 shares of the semiconductor company’s stock valued at $175,087,000 after buying an additional 14,115 shares during the last quarter. Acadian Asset Management LLC raised its position in Nova by 3.0% in the 1st quarter. Acadian Asset Management LLC now owns 803,025 shares of the semiconductor company’s stock valued at $142,408,000 after buying an additional 23,668 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Nova by 45.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company’s stock valued at $151,319,000 after acquiring an additional 200,816 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Nova by 74.9% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 604,977 shares of the semiconductor company’s stock worth $83,202,000 after acquiring an additional 259,021 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Nova Trading Up 5.6 %

NASDAQ NVMI opened at $211.79 on Friday. Nova Ltd. has a 12 month low of $90.59 and a 12 month high of $247.21. The stock has a 50 day moving average of $208.38 and a 200-day moving average of $203.19. The company has a market cap of $6.15 billion, a PE ratio of 48.80, a PEG ratio of 1.99 and a beta of 1.46.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup downgraded shares of Nova from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $273.00 to $224.00 in a report on Monday, September 16th. Benchmark lifted their price target on shares of Nova from $215.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.80.

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.