XTX Topco Ltd Purchases Shares of 1,352 Nova Ltd. (NASDAQ:NVMI)

XTX Topco Ltd purchased a new stake in Nova Ltd. (NASDAQ:NVMI) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 1,352 shares of the semiconductor company’s stock, valued at approximately $249,000.

Several other hedge funds also recently added to or reduced their stakes in NVMI. Bank of New York Mellon Corp boosted its stake in shares of Nova by 122.2% during the 1st quarter. Bank of New York Mellon Corp now owns 39,901 shares of the semiconductor company’s stock worth $7,355,000 after acquiring an additional 21,941 shares in the last quarter. Retirement Systems of Alabama purchased a new stake in shares of Nova during the 1st quarter worth about $1,957,000. Janney Montgomery Scott LLC purchased a new stake in shares of Nova during the 1st quarter worth about $239,000. Dimensional Fund Advisors LP boosted its stake in shares of Nova by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 22,472 shares of the semiconductor company’s stock worth $4,426,000 after acquiring an additional 877 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Nova during the 4th quarter worth about $237,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Nova Trading Up 0.7%

NVMI stock opened at $272.31 on Tuesday. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 2.37 and a beta of 1.67. Nova Ltd. has a 12 month low of $153.99 and a 12 month high of $291.99. The firm has a 50-day moving average of $258.35 and a two-hundred day moving average of $226.85.

Nova (NASDAQ:NVMI) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The business had revenue of $219.99 million during the quarter, compared to the consensus estimate of $214.95 million. Nova had a net margin of 29.10% and a return on equity of 24.36%. The business’s revenue was up 40.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.61 EPS. As a group, equities analysts forecast that Nova Ltd. will post 7.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NVMI shares. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 target price (up from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Wall Street Zen lowered shares of Nova from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Benchmark decreased their price target on shares of Nova from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Bank of America raised their price target on shares of Nova from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Finally, Citigroup decreased their price target on shares of Nova from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $282.50.

Nova Company 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.