Nova (NASDAQ:NVMI) Research Coverage Started at Evercore ISI

Evercore ISI started coverage on shares of Nova (NASDAQ:NVMI) in a research note published on Tuesday, Marketbeat reports. The brokerage issued an outperform rating and a $210.00 price objective on the semiconductor company’s stock.

Separately, Benchmark boosted their price objective on shares of Nova from $150.00 to $187.00 and gave the company a buy rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Nova has an average rating of Moderate Buy and a consensus price target of $170.67.

Nova Stock Performance

Shares of NASDAQ NVMI opened at $170.00 on Tuesday. The firm’s 50 day moving average price is $172.75 and its 200-day moving average price is $140.56. The company has a market cap of $4.88 billion, a PE ratio of 39.72, a P/E/G ratio of 6.45 and a beta of 1.41. Nova has a 52-week low of $87.85 and a 52-week high of $190.51.

Nova (NASDAQ:NVMI) last issued its earnings results on Thursday, February 15th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.14. Nova had a net margin of 26.32% and a return on equity of 20.55%. The firm had revenue of $134.22 million for the quarter, compared to the consensus estimate of $128.00 million. On average, analysts forecast that Nova will post 4.87 earnings per share for the current fiscal year.

Institutional Trading of Nova

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Congress Wealth Management LLC DE purchased a new stake in Nova during the first quarter valued at approximately $5,737,000. McLean Asset Management Corp purchased a new stake in Nova during the first quarter valued at approximately $262,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Nova during the fourth quarter valued at approximately $3,190,000. Vanguard Group Inc. increased its holdings in Nova by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 972,956 shares of the semiconductor company’s stock valued at $133,674,000 after buying an additional 13,891 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Nova by 49.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 142,073 shares of the semiconductor company’s stock valued at $19,519,000 after buying an additional 47,295 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.