Chicago Capital LLC lessened its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 24.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,800 shares of the semiconductor company's stock after selling 1,200 shares during the period. Chicago Capital LLC's holdings in Nova were worth $748,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVMI. Clal Insurance Enterprises Holdings Ltd raised its position in Nova by 74.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,281,869 shares of the semiconductor company's stock worth $267,487,000 after buying an additional 547,833 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Nova by 6.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,273,985 shares of the semiconductor company's stock worth $265,422,000 after acquiring an additional 78,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Nova by 1.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company's stock worth $230,358,000 after acquiring an additional 11,915 shares during the last quarter. Franklin Resources Inc. raised its holdings in Nova by 115.1% in the third quarter. Franklin Resources Inc. now owns 661,282 shares of the semiconductor company's stock valued at $146,515,000 after buying an additional 353,906 shares during the period. Finally, Meitav Investment House Ltd. raised its holdings in Nova by 16.3% in the third quarter. Meitav Investment House Ltd. now owns 647,722 shares of the semiconductor company's stock valued at $135,513,000 after buying an additional 90,883 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.
Nova Stock Performance
Shares of NVMI stock traded up $5.16 during mid-day trading on Thursday, reaching $253.76. 178,665 shares of the company were exchanged, compared to its average volume of 219,166. Nova Ltd. has a fifty-two week low of $145.62 and a fifty-two week high of $266.13. The company has a market capitalization of $7.37 billion, a P/E ratio of 47.34, a P/E/G ratio of 2.00 and a beta of 1.44. The business's 50 day simple moving average is $213.37 and its 200 day simple moving average is $205.15.
Analyst Upgrades and Downgrades
Several research firms recently commented on NVMI. Needham & Company LLC restated a "hold" rating on shares of Nova in a report on Friday, November 8th. Benchmark raised their price target on shares of Nova from $240.00 to $245.00 and gave the company a "buy" rating in a report on Friday, November 8th. Cantor Fitzgerald began coverage on shares of Nova in a research note on Monday, January 13th. They set an "overweight" rating and a $275.00 price objective on the stock. Finally, Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $226.00 to $240.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $238.33.
Read Our Latest Stock Analysis on NVMI
Nova Profile
(
Free Report)
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.
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