Migdal Insurance & Financial Holdings Ltd. Has $147.07 Million Position in Nova Ltd. (NASDAQ:NVMI)

Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,070,485 shares of the semiconductor company’s stock after purchasing an additional 33,800 shares during the period. Nova comprises about 3.0% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 10th largest holding. Migdal Insurance & Financial Holdings Ltd. owned approximately 3.73% of Nova worth $147,074,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NVMI. Asset Dedication LLC acquired a new stake in Nova in the third quarter worth about $34,000. Ronald Blue Trust Inc. bought a new stake in Nova in the third quarter worth about $75,000. Signaturefd LLC raised its position in Nova by 20.6% in the third quarter. Signaturefd LLC now owns 672 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 115 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Nova during the 2nd quarter worth about $76,000. Finally, Tower Research Capital LLC TRC raised its holdings in Nova by 109.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 788 shares of the semiconductor company’s stock worth $67,000 after buying an additional 411 shares during the period. Institutional investors own 82.99% of the company’s stock.

Nova Trading Down 3.6 %

Shares of NASDAQ NVMI traded down $6.28 during mid-day trading on Wednesday, reaching $169.71. 78,986 shares of the company’s stock were exchanged, compared to its average volume of 154,500. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 6.46 and a beta of 1.41. The business has a fifty day simple moving average of $171.91 and a 200 day simple moving average of $140.14. Nova Ltd. has a twelve month low of $87.85 and a twelve month high of $190.51.

Nova (NASDAQ:NVMI) last released its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.14. The company had revenue of $134.22 million for the quarter, compared to analyst estimates of $128.00 million. Nova had a return on equity of 20.55% and a net margin of 26.32%. Equities research analysts predict that Nova Ltd. will post 4.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on NVMI shares. Benchmark boosted their price objective on Nova from $150.00 to $187.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Evercore ISI began coverage on Nova in a report on Tuesday. They issued an “outperform” rating and a $210.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $170.67.

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.