Migdal Insurance & Financial Holdings Ltd. raised its stake in Nova Ltd. (NASDAQ:NVMI - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,370,985 shares of the semiconductor company's stock after acquiring an additional 97,000 shares during the quarter. Nova makes up 3.9% of Migdal Insurance & Financial Holdings Ltd.'s portfolio, making the stock its 5th biggest holding. Migdal Insurance & Financial Holdings Ltd. owned approximately 4.72% of Nova worth $270,015,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Advisors Asset Management Inc. lifted its holdings in shares of Nova by 89.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 78 shares during the last quarter. Quarry LP lifted its stake in shares of Nova by 438.5% in the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 114 shares during the last quarter. Morse Asset Management Inc lifted its position in Nova by 3.2% during the 3rd quarter. Morse Asset Management Inc now owns 4,030 shares of the semiconductor company's stock worth $840,000 after acquiring an additional 125 shares during the last quarter. TFB Advisors LLC boosted its holdings in Nova by 9.0% in the 3rd quarter. TFB Advisors LLC now owns 1,848 shares of the semiconductor company's stock valued at $385,000 after purchasing an additional 152 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Nova by 14.6% in the third quarter. Blue Trust Inc. now owns 1,202 shares of the semiconductor company's stock valued at $250,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.
Nova Price Performance
NASDAQ NVMI traded up $3.19 during trading hours on Monday, reaching $254.56. 137,955 shares of the company's stock traded hands, compared to its average volume of 217,158. The firm has a market cap of $7.39 billion, a PE ratio of 47.49, a PEG ratio of 2.07 and a beta of 1.44. The firm has a 50-day simple moving average of $216.35 and a 200 day simple moving average of $205.66. Nova Ltd. has a 52-week low of $151.34 and a 52-week high of $266.13.
Analyst Upgrades and Downgrades
NVMI has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research note on Friday, November 8th. Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and increased their target price for the stock from $226.00 to $240.00 in a report on Monday, January 6th. Cantor Fitzgerald started coverage on shares of Nova in a research report on Monday, January 13th. They issued an "overweight" rating and a $275.00 target price for the company. Finally, Benchmark lifted their target price on shares of Nova from $240.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $238.33.
Get Our Latest Analysis on Nova
Nova Company 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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