Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new stake in Nova Ltd. (NASDAQ:NVMI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 83,865 shares of the semiconductor company’s stock, valued at approximately $45,534,000. Nova accounts for about 6.0% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s holdings, making the stock its 6th biggest position. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management owned 0.26% of Nova as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of NVMI. Royal Bank of Canada raised its position in Nova by 660.4% during the first quarter. Royal Bank of Canada now owns 10,668 shares of the semiconductor company’s stock valued at $1,966,000 after acquiring an additional 9,265 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Nova by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 128 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Nova in the 2nd quarter worth approximately $5,445,000. EverSource Wealth Advisors LLC grew its stake in shares of Nova by 62.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 100 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Nova during the 2nd quarter worth approximately $1,886,000. Institutional investors and hedge funds own 82.99% of the company’s stock.
Insider Transactions at Nova
In other news, Director Yaniv Garty sold 426 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $514.49, for a total value of $219,172.74. Following the transaction, the director owned 2,038 shares in the company, valued at $1,048,530.62. This trade represents a 17.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarit Sagiv sold 454 shares of Nova stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $536.52, for a total value of $243,580.08. Following the completion of the sale, the director directly owned 1,951 shares in the company, valued at $1,046,750.52. This represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 7,798 shares of company stock worth $4,125,266. 1.00% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on NVMI
Nova Stock Up 1.6%
NVMI opened at $418.12 on Friday. The company has a market cap of $13.29 billion, a PE ratio of 51.75, a price-to-earnings-growth ratio of 2.46 and a beta of 1.78. Nova Ltd. has a twelve month low of $232.73 and a twelve month high of $615.99. The company has a 50-day moving average price of $470.27 and a 200 day moving average price of $473.84.
Nova (NASDAQ:NVMI – Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The semiconductor company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.10. Nova had a return on equity of 21.41% and a net margin of 28.84%.The company had revenue of $254.96 million for the quarter, compared to analysts’ expectations of $250.33 million. During the same period in the previous year, the firm posted $2.20 EPS. Nova’s revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts expect that Nova Ltd. will post 9.74 earnings per share for the current year.
Nova Profile
Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.
Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.
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