LMR Partners LLP Invests $15.67 Million in Nova Ltd. (NASDAQ:NVMI)

LMR Partners LLP bought a new stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,209 shares of the semiconductor company's stock, valued at approximately $15,669,000. LMR Partners LLP owned 0.26% of Nova at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NVMI. Migdal Insurance & Financial Holdings Ltd. raised its stake 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 buying an additional 78,000 shares during the period. Vanguard Group Inc. raised its stake in Nova by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 987,071 shares of the semiconductor company's stock worth $175,087,000 after acquiring an additional 14,115 shares during the period. Meitav Investment House Ltd. lifted its holdings in Nova by 16.3% during the third quarter. Meitav Investment House Ltd. now owns 647,722 shares of the semiconductor company's stock valued at $135,513,000 after purchasing an additional 90,883 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Nova by 45.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company's stock worth $151,319,000 after purchasing an additional 200,816 shares during the period. Finally, Capital World Investors increased its stake in shares of Nova by 22.3% in the first quarter. Capital World Investors now owns 450,868 shares of the semiconductor company's stock worth $79,975,000 after purchasing an additional 82,322 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Benchmark lifted their target price on shares of Nova from $240.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research note on Friday, November 8th. Finally, Citigroup cut Nova from a "buy" rating to a "neutral" rating and cut their target price for the stock from $273.00 to $224.00 in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $227.80.

Nova Stock Down 1.5 %

NVMI stock traded down $2.69 during mid-day trading on Monday, hitting $175.98. The company had a trading volume of 110,890 shares, compared to its average volume of 188,917. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 1.73 and a beta of 1.47. The company has a 50-day moving average price of $196.95 and a 200 day moving average price of $209.15. Nova Ltd. has a 12-month low of $120.67 and a 12-month high of $247.21.

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.