Clal Insurance Enterprises Holdings Ltd Boosts Position in Nova Ltd. (NASDAQ:NVMI)

Clal Insurance Enterprises Holdings Ltd lifted its stake in Nova Ltd. (NASDAQ:NVMI - Free Report) by 74.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,281,869 shares of the semiconductor company's stock after buying an additional 547,833 shares during the quarter. Nova makes up 2.4% of Clal Insurance Enterprises Holdings Ltd's holdings, making the stock its 14th largest position. Clal Insurance Enterprises Holdings Ltd owned about 4.41% of Nova worth $267,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Evergreen Capital Management LLC raised its position in shares of Nova by 5.0% in the second quarter. Evergreen Capital Management LLC now owns 1,230 shares of the semiconductor company's stock worth $288,000 after acquiring an additional 59 shares during the period. Advisors Asset Management Inc. boosted its position in Nova by 89.7% during the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 78 shares in the last quarter. Vancity Investment Management Ltd grew its holdings in Nova by 1.9% in the first quarter. Vancity Investment Management Ltd now owns 4,969 shares of the semiconductor company's stock valued at $881,000 after purchasing an additional 95 shares during the period. Signaturefd LLC increased its position in shares of Nova by 15.9% in 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. Finally, TD Asset Management Inc raised its stake in shares of Nova by 3.4% during the 2nd quarter. TD Asset Management Inc now owns 4,176 shares of the semiconductor company's stock worth $980,000 after buying an additional 136 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NVMI. Needham & Company LLC reissued a "hold" rating on shares of Nova in a research note on Friday, November 8th. Citigroup lowered shares of Nova from a "buy" rating to a "neutral" rating and dropped their target price for the company from $273.00 to $224.00 in a research report on Monday, September 16th. Finally, Benchmark upped their price target on shares of Nova from $240.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $227.80.

Nova Trading Up 0.0 %

NVMI traded up $0.04 on Friday, hitting $179.76. 132,956 shares of the company's stock were exchanged, compared to its average volume of 247,258. The firm has a 50-day moving average price of $194.56 and a 200-day moving average price of $208.69. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 1.70 and a beta of 1.47. Nova Ltd. has a fifty-two week low of $123.44 and a fifty-two week high of $247.21.

Nova 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.