Nova Ltd. (NASDAQ:NVMI) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Nova Ltd. (NASDAQ:NVMI) by 9.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,854 shares of the semiconductor company’s stock after selling 890 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nova were worth $1,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in shares of Nova by 11.1% in the fourth quarter. Mackenzie Financial Corp now owns 11,446 shares of the semiconductor company’s stock worth $1,589,000 after acquiring an additional 1,147 shares in the last quarter. Cerity Partners LLC purchased a new stake in Nova during the fourth quarter worth approximately $201,000. Pinnacle Financial Partners Inc purchased a new stake in shares of Nova during the 4th quarter worth approximately $218,000. Perfromance Wealth Partners LLC acquired a new position in Nova in the fourth quarter valued at $343,000. Finally, Bank Hapoalim BM boosted its position in shares of Nova by 13.1% in the 4th quarter. Bank Hapoalim BM now owns 2,166 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 251 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI began coverage on Nova in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $210.00 price target on the stock. Benchmark boosted their price objective on shares of Nova from $150.00 to $187.00 and gave the stock a “buy” rating in a report on Friday, February 16th.

Nova Trading Up 2.0 %

Shares of NASDAQ NVMI opened at $174.34 on Friday. The company’s 50-day moving average price is $173.52 and its 200 day moving average price is $143.01. Nova Ltd. has a 52 week low of $87.85 and a 52 week high of $190.51. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 40.73, a PEG ratio of 6.32 and a beta of 1.41.

Nova (NASDAQ:NVMI) last announced its earnings results on Thursday, February 15th. The semiconductor company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.14. The firm had revenue of $134.22 million during the quarter, compared to the consensus estimate of $128.00 million. Nova had a net margin of 26.32% and a return on equity of 20.55%. As a group, research analysts expect that Nova Ltd. will post 4.87 earnings per share for the current year.

About Nova

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.