4,182 Shares in Nova Ltd. $NVMI Bought by Equitable Holdings Inc.

Equitable Holdings Inc. bought a new stake in Nova Ltd. (NASDAQ:NVMIFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,182 shares of the semiconductor company’s stock, valued at approximately $2,271,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Phoenix Financial Ltd. raised its position in Nova by 286.3% during the fourth quarter. Phoenix Financial Ltd. now owns 508,641 shares of the semiconductor company’s stock valued at $167,115,000 after purchasing an additional 376,974 shares in the last quarter. Legal & General Group Plc lifted its stake in Nova by 19.1% during the fourth quarter. Legal & General Group Plc now owns 145,427 shares of the semiconductor company’s stock worth $48,642,000 after purchasing an additional 23,280 shares during the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Nova in the 4th quarter valued at $14,056,000. Hsbc Holdings PLC boosted its holdings in shares of Nova by 94.3% in the 4th quarter. Hsbc Holdings PLC now owns 27,115 shares of the semiconductor company’s stock valued at $9,077,000 after purchasing an additional 13,160 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Nova by 51.1% in the 1st quarter. Cetera Investment Advisers now owns 14,332 shares of the semiconductor company’s stock valued at $6,224,000 after purchasing an additional 4,844 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nova

In other news, Director Eitan Oppenhaim sold 1,290 shares of Nova stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $581.20, for a total transaction of $749,748.00. Following the sale, the director directly owned 6,421 shares of the company’s stock, valued at approximately $3,731,885.20. This trade represents a 16.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yaniv Garty sold 366 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $581.20, for a total value of $212,719.20. Following the sale, the director owned 2,006 shares in the company, valued at approximately $1,165,887.20. This trade represents a 15.43% 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. Over the last ninety days, insiders sold 5,442 shares of company stock valued at $2,905,622. Company insiders own 1.00% of the company’s stock.

Nova Stock Performance

Shares of NVMI opened at $349.06 on Friday. Nova Ltd. has a 52 week low of $232.73 and a 52 week high of $615.99. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 43.20, a PEG ratio of 2.14 and a beta of 1.78. The stock has a fifty day moving average of $435.07 and a 200-day moving average of $468.19.

Nova (NASDAQ:NVMIGet Free Report) last released its quarterly earnings data on Friday, August 7th. The semiconductor company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.10. The company had revenue of $254.96 million for the quarter, compared to the consensus estimate of $250.33 million. Nova had a return on equity of 21.41% and a net margin of 28.84%.Nova’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. As a group, equities analysts forecast that Nova Ltd. will post 9.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays boosted their price target on Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Cantor Fitzgerald decreased their target price on Nova from $600.00 to $500.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Weiss Ratings downgraded Nova from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Evercore set a $475.00 target price on shares of Nova in a report on Friday, August 7th. Finally, Needham & Company LLC reduced their price target on shares of Nova from $640.00 to $570.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Nova has an average rating of “Moderate Buy” and a consensus price target of $514.44.

Get Our Latest Analysis on NVMI

Nova Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Nova (NASDAQ:NVMI)

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