Blue Trust Inc. Has $250,000 Stock Position in Nova Ltd. (NASDAQ:NVMI)

Blue Trust Inc. boosted its position in shares of Nova Ltd. (NASDAQ:NVMI) by 14.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,202 shares of the semiconductor company’s stock after purchasing an additional 153 shares during the period. Blue Trust Inc.’s holdings in Nova were worth $250,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC raised its holdings in Nova by 5.0% during the second quarter. Evergreen Capital Management LLC now owns 1,230 shares of the semiconductor company’s stock valued at $288,000 after buying an additional 59 shares in the last quarter. Vancity Investment Management Ltd raised its holdings in Nova by 1.9% during the first quarter. Vancity Investment Management Ltd now owns 4,969 shares of the semiconductor company’s stock valued at $881,000 after buying an additional 95 shares in the last quarter. Signaturefd LLC raised its holdings in Nova by 15.9% during the second quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock valued at $180,000 after buying an additional 105 shares in the last quarter. TD Asset Management Inc raised its holdings in Nova by 3.4% during the second quarter. TD Asset Management Inc now owns 4,176 shares of the semiconductor company’s stock valued at $980,000 after buying an additional 136 shares in the last quarter. Finally, Creative Planning raised its holdings in Nova by 4.5% during the second quarter. Creative Planning now owns 3,567 shares of the semiconductor company’s stock valued at $837,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Trading Up 0.4 %

Shares of Nova stock opened at $183.56 on Friday. The company’s fifty day simple moving average is $205.94 and its 200-day simple moving average is $206.34. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 1.89 and a beta of 1.46. Nova Ltd. has a 1 year low of $90.59 and a 1 year high of $247.21.

Nova (NASDAQ:NVMI) last announced its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.43. The business had revenue of $156.86 million for the quarter, compared to the consensus estimate of $148.12 million. Nova had a net margin of 27.38% and a return on equity of 20.76%. Nova’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. As a group, research analysts forecast that Nova Ltd. will post 5.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NVMI has been the topic of several recent research reports. Benchmark raised their target price on Nova from $215.00 to $240.00 and gave the company a “buy” rating in a report on Friday, August 9th. Citigroup downgraded Nova from a “buy” rating to a “neutral” rating and decreased their target price for the company from $273.00 to $224.00 in a research note on Monday, September 16th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $226.80.

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.