Townsquare Capital LLC Buys 1,721 Shares of Nova Ltd. (NASDAQ:NVMI)

Townsquare Capital LLC increased its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 15.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,208 shares of the semiconductor company’s stock after acquiring an additional 1,721 shares during the period. Townsquare Capital LLC’s holdings in Nova were worth $2,601,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Capital Fund Management S.A. acquired a new stake in Nova in the fourth quarter valued at $2,205,000. Phoenix Financial Ltd. raised its holdings in shares of Nova by 9.4% in the 4th quarter. Phoenix Financial Ltd. now owns 262,540 shares of the semiconductor company’s stock valued at $51,710,000 after purchasing an additional 22,500 shares during the period. Raymond James Financial Inc. acquired a new stake in Nova in the 4th quarter valued at about $6,541,000. Advisory Services Network LLC lifted its stake in Nova by 5.0% in the 4th quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company’s stock valued at $226,000 after purchasing an additional 55 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Nova by 3.3% during the fourth quarter. Legal & General Group Plc now owns 104,538 shares of the semiconductor company’s stock worth $20,631,000 after purchasing an additional 3,384 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Nova Stock Up 1.4 %

Shares of NASDAQ:NVMI opened at $186.78 on Wednesday. The business has a fifty day simple moving average of $216.64 and a 200 day simple moving average of $208.31. Nova Ltd. has a 12-month low of $154.00 and a 12-month high of $289.90. The firm has a market cap of $5.47 billion, a P/E ratio of 32.54, a P/E/G ratio of 2.55 and a beta of 1.63.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.04). The firm had revenue of $194.77 million for the quarter, compared to analyst estimates of $186.50 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. As a group, equities research analysts expect that Nova Ltd. will post 7.52 EPS for the current year.

Wall Street Analysts Forecast Growth

NVMI has been the subject of several research reports. Cantor Fitzgerald cut their price target on Nova from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Needham & Company LLC restated a “hold” rating on shares of Nova in a research note on Friday, February 14th. Citigroup upgraded shares of Nova from a “neutral” rating to a “buy” rating and upped their price target for the company from $226.00 to $240.00 in a research note on Monday, January 6th. Finally, Benchmark raised their price objective on shares of Nova from $245.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $250.83.

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.