Tower View Wealth Management LLC Grows Holdings in Nova Ltd. (NASDAQ:NVMI)

Tower View Wealth Management LLC grew its stake in Nova Ltd. (NASDAQ:NVMI) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,649 shares of the semiconductor company’s stock after buying an additional 214 shares during the period. Nova makes up about 2.0% of Tower View Wealth Management LLC’s holdings, making the stock its 21st biggest holding. Tower View Wealth Management LLC owned 0.07% of Nova worth $3,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. grew its stake in Nova by 111.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 15,296 shares of the semiconductor company’s stock worth $3,013,000 after buying an additional 8,076 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Nova by 1,016.2% in the 4th quarter. Bank of New York Mellon Corp now owns 17,960 shares of the semiconductor company’s stock worth $3,537,000 after buying an additional 16,351 shares in the last quarter. Meitav Investment House Ltd. grew its stake in Nova by 10.1% in the 4th quarter. Meitav Investment House Ltd. now owns 713,003 shares of the semiconductor company’s stock worth $140,455,000 after buying an additional 65,281 shares in the last quarter. Peregrine Investment Management Inc. purchased a new position in Nova in the 4th quarter worth approximately $4,140,000. Finally, Blue Trust Inc. grew its stake in Nova by 6.1% in the 4th quarter. Blue Trust Inc. now owns 1,275 shares of the semiconductor company’s stock worth $251,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Stock Up 0.0 %

NASDAQ:NVMI opened at $239.18 on Friday. The company has a fifty day moving average of $236.33 and a 200 day moving average of $211.80. Nova Ltd. has a 52 week low of $158.00 and a 52 week high of $289.90. The firm has a market capitalization of $7.00 billion, a P/E ratio of 41.67, a P/E/G ratio of 2.55 and a beta of 1.44.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NVMI shares. Needham & Company LLC restated a “hold” rating on shares of Nova in a report on Friday, February 14th. Citigroup upgraded shares of Nova from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $226.00 to $240.00 in a report on Monday, January 6th. Benchmark boosted their price objective on shares of Nova from $245.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Cantor Fitzgerald started coverage on shares of Nova in a report on Monday, January 13th. They issued an “overweight” rating and a $275.00 price objective for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Nova has an average rating of “Moderate Buy” and an average price target of $246.67.

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.