Nova Ltd. (NASDAQ:NVMI - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as $266.13 and last traded at $256.88, with a volume of 342839 shares changing hands. The stock had previously closed at $258.49.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Cantor Fitzgerald assumed coverage on Nova in a research report on Monday, January 13th. They issued an "overweight" rating and a $275.00 target price on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a research note on Friday, November 8th. Citigroup raised shares of Nova from a "neutral" rating to a "buy" rating and upped their target price for the stock from $226.00 to $240.00 in a report on Monday, January 6th. Finally, Benchmark raised their price target on shares of Nova from $240.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Nova has an average rating of "Moderate Buy" and a consensus target price of $238.33.
Get Our Latest Report on NVMI
Nova Stock Performance
The firm's 50-day moving average price is $200.81 and its two-hundred day moving average price is $204.37. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 46.98, a PEG ratio of 2.15 and a beta of 1.42.
Institutional Investors Weigh In On Nova
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVMI. Clal Insurance Enterprises Holdings Ltd grew its stake in Nova by 74.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,281,869 shares of the semiconductor company's stock worth $267,487,000 after purchasing an additional 547,833 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Nova by 6.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,273,985 shares of the semiconductor company's stock valued at $265,422,000 after buying an additional 78,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Nova by 1.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company's stock worth $230,358,000 after buying an additional 11,915 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Nova by 115.1% during the third quarter. Franklin Resources Inc. now owns 661,282 shares of the semiconductor company's stock worth $146,515,000 after buying an additional 353,906 shares during the period. Finally, Meitav Investment House Ltd. raised its holdings in Nova by 16.3% in the third quarter. Meitav Investment House Ltd. now owns 647,722 shares of the semiconductor company's stock valued at $135,513,000 after acquiring an additional 90,883 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.
Nova Company Profile
(
Get 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.
See Also
Before you consider Nova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nova wasn't on the list.
While Nova currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
