Nova Ltd. (NASDAQ:NVMI - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $204.64, but opened at $218.79. Nova shares last traded at $219.15, with a volume of 90,236 shares trading hands.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Citigroup raised shares of Nova from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $226.00 to $240.00 in a report on Monday. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a research note on Friday, November 8th. Finally, Benchmark upped their price objective 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Nova presently has a consensus rating of "Moderate Buy" and an average price target of $231.00.
Get Our Latest Research Report on Nova
Nova Stock Performance
The company has a market capitalization of $6.23 billion, a PE ratio of 40.04, a P/E/G ratio of 1.78 and a beta of 1.42. The company's 50-day simple moving average is $191.19 and its 200-day simple moving average is $204.20.
Institutional Trading of Nova
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP raised its stake in shares of Nova by 131.0% during the third quarter. Quantbot Technologies LP now owns 13,540 shares of the semiconductor company's stock worth $2,821,000 after purchasing an additional 7,678 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position 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 buying an additional 547,833 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Nova by 121.9% in the 3rd quarter. Two Sigma Advisers LP now owns 145,100 shares of the semiconductor company's stock worth $30,230,000 after acquiring an additional 79,700 shares during the period. LMR Partners LLP acquired a new stake in shares of Nova in the 3rd quarter worth $15,669,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Nova during the third quarter worth about $967,000. 82.99% of the stock is owned by hedge funds and other institutional investors.
Nova Company Profile
(
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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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