Harel Insurance Investments & Financial Services Ltd. Has $230.36 Million Holdings in Nova Ltd. (NASDAQ:NVMI)

Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Nova Ltd. (NASDAQ:NVMI - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,169,625 shares of the semiconductor company's stock after purchasing an additional 11,915 shares during the quarter. Nova comprises 3.8% of Harel Insurance Investments & Financial Services Ltd.'s portfolio, making the stock its 6th largest position. Harel Insurance Investments & Financial Services Ltd. owned approximately 4.03% of Nova worth $230,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NVMI. Envestnet Asset Management Inc. grew its position in Nova by 12.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,153 shares of the semiconductor company's stock valued at $2,147,000 after purchasing an additional 993 shares during the last quarter. Evergreen Capital Management LLC lifted its stake 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 buying an additional 59 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Nova by 247.8% during the second quarter. Cubist Systematic Strategies LLC now owns 20,164 shares of the semiconductor company's stock valued at $4,729,000 after buying an additional 14,367 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in Nova during the 2nd quarter valued at $68,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Nova during the second quarter valued at $211,000. Institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NVMI. Needham & Company LLC reissued a "hold" rating on shares of Nova in a research report on Friday, November 8th. Benchmark boosted their price objective 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 assumed coverage on shares of Nova in a research report on Monday, January 13th. They set an "overweight" rating and a $275.00 price objective on the stock. Finally, Citigroup raised shares of Nova from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $226.00 to $240.00 in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $238.33.

Nova Trading Up 0.2 %

NASDAQ NVMI traded up $0.57 during trading hours on Friday, hitting $252.38. 112,687 shares of the company's stock traded hands, compared to its average volume of 235,912. Nova Ltd. has a 52 week low of $142.53 and a 52 week high of $266.13. The firm has a market capitalization of $7.33 billion, a P/E ratio of 47.09, a P/E/G ratio of 2.10 and a beta of 1.42. The business's fifty day moving average price is $200.81 and its two-hundred day moving average price is $204.37.

Nova Company 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.