EFG International AG acquired a new stake in shares of Nova Ltd. (NASDAQ:NVMI – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,909 shares of the semiconductor company’s stock, valued at approximately $3,205,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in shares of Nova by 4.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock worth $605,701,000 after purchasing an additional 102,250 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Nova by 47.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,166,073 shares of the semiconductor company’s stock worth $940,683,000 after purchasing an additional 697,210 shares during the last quarter. Vanguard Group Inc. grew its stake in Nova by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,128,957 shares of the semiconductor company’s stock worth $377,402,000 after purchasing an additional 15,195 shares in the last quarter. BlackRock Inc. acquired a new position in Nova in the second quarter worth about $391,367,000. Finally, Invesco Ltd. increased its holdings in Nova by 4.4% in the fourth quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company’s stock valued at $208,293,000 after buying an additional 26,940 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Yaniv Garty sold 366 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $581.20, for a total transaction of $212,719.20. Following the completion of the transaction, the director owned 2,006 shares in the company, valued at $1,165,887.20. The trade was a 15.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarit Sagiv sold 454 shares of the company’s stock in a transaction 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 transaction, the director owned 1,951 shares of the company’s stock, valued at approximately $1,046,750.52. The trade was a 18.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,442 shares of company stock valued at $2,905,622 over the last quarter. Company insiders own 1.00% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on NVMI
Nova Stock Down 0.5%
Shares of NASDAQ:NVMI opened at $366.35 on Thursday. The company has a market cap of $11.64 billion, a PE ratio of 45.34, a P/E/G ratio of 2.13 and a beta of 1.78. Nova Ltd. has a fifty-two week low of $232.73 and a fifty-two week high of $615.99. The firm has a 50-day simple moving average of $443.69 and a 200 day simple moving average of $469.65.
Nova (NASDAQ:NVMI – Get Free Report) last issued its earnings results on Friday, August 7th. The semiconductor company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.10. Nova had a net margin of 28.84% and a return on equity of 21.41%. The firm had revenue of $254.96 million for the quarter, compared to analysts’ expectations of $250.33 million. During the same quarter last year, the company posted $2.20 earnings per share. Nova’s revenue was up 15.9% on a year-over-year basis. As a group, research analysts forecast that Nova Ltd. will post 9.89 EPS for the current fiscal year.
Nova Company 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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