Callan Family Office LLC Takes Position in Nova Ltd. (NASDAQ:NVMI)

Callan Family Office LLC bought a new stake in shares of Nova Ltd. (NASDAQ:NVMI) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,104 shares of the semiconductor company’s stock, valued at approximately $611,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Nova by 6.1% in the fourth quarter. Blue Trust Inc. now owns 1,275 shares of the semiconductor company’s stock worth $251,000 after purchasing an additional 73 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Nova by 89.7% in the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock worth $34,000 after buying an additional 78 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Nova by 24.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 78 shares during the last quarter. Quarry LP lifted its stake in shares of Nova by 438.5% during the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 114 shares during the last quarter. Finally, Morse Asset Management Inc boosted its holdings in Nova by 3.2% during the 3rd quarter. Morse Asset Management Inc now owns 4,030 shares of the semiconductor company’s stock valued at $840,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Price Performance

Shares of Nova stock opened at $226.02 on Monday. Nova Ltd. has a 1 year low of $158.00 and a 1 year high of $289.90. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 2.55 and a beta of 1.46. The firm’s 50-day moving average is $238.58 and its two-hundred day moving average is $211.39.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Benchmark lifted their target price on Nova from $245.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Citigroup raised shares of Nova from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $226.00 to $240.00 in a research report on Monday, January 6th. Cantor Fitzgerald began coverage on shares of Nova in a research report on Monday, January 13th. They set an “overweight” rating and a $275.00 target price on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Nova in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Nova currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.67.

About Nova

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.