Y.D. More Investments Ltd Has $58.42 Million Stock Position in Nova Ltd. (NASDAQ:NVMI)

Y.D. More Investments Ltd boosted its holdings in Nova Ltd. (NASDAQ:NVMI - Free Report) by 29.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 296,307 shares of the semiconductor company's stock after buying an additional 67,734 shares during the period. Nova makes up about 5.2% of Y.D. More Investments Ltd's investment portfolio, making the stock its 3rd biggest position. Y.D. More Investments Ltd owned approximately 1.02% of Nova worth $58,423,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NVMI. Quarry LP boosted its position in 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. Advisors Asset Management Inc. raised its position 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 valued at $34,000 after purchasing an additional 78 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Nova in the 2nd quarter valued at $211,000. Signaturefd LLC grew its position in Nova by 31.4% during the third quarter. Signaturefd LLC now owns 1,008 shares of the semiconductor company's stock worth $210,000 after buying an additional 241 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Nova by 14.6% during the 3rd quarter. Blue Trust Inc. now owns 1,202 shares of the semiconductor company's stock worth $250,000 after acquiring an additional 153 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVMI has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on Nova in a research note on Monday, January 13th. They set an "overweight" rating and a $275.00 price target on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research report on Friday, November 8th. Citigroup raised Nova from a "neutral" rating to a "buy" rating and raised their target price for the company from $226.00 to $240.00 in a research report on Monday, January 6th. Finally, Benchmark boosted their price target 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 equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $238.33.

Nova Stock Down 0.9 %

NVMI traded down $2.39 on Friday, hitting $251.37. The company's stock had a trading volume of 240,762 shares, compared to its average volume of 206,255. Nova Ltd. has a 12 month low of $147.79 and a 12 month high of $266.13. The firm has a market cap of $7.30 billion, a P/E ratio of 46.90, a price-to-earnings-growth ratio of 2.07 and a beta of 1.44. The company's 50 day simple moving average is $216.35 and its 200-day simple moving average is $205.74.

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.