Nova Ltd. (NASDAQ:NVMI - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $232.66, but opened at $241.60. Nova shares last traded at $241.42, with a volume of 30,505 shares traded.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on NVMI shares. Citigroup raised shares of Nova from a "neutral" rating to a "buy" rating and boosted their target price for the company from $226.00 to $240.00 in a research report on Monday, January 6th. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a research report on Friday, November 8th. Benchmark increased their price target on Nova from $240.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald assumed coverage on Nova in a research report on Monday. They issued an "overweight" rating and a $275.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.33.
Read Our Latest Stock Analysis on NVMI
Nova Trading Up 1.1 %
The company has a market capitalization of $7.11 billion, a P/E ratio of 45.69, a P/E/G ratio of 1.81 and a beta of 1.42. The business's fifty day moving average price is $196.51 and its 200-day moving average price is $204.19.
Hedge Funds Weigh In On Nova
A number of hedge funds and other institutional investors have recently made changes to their positions in NVMI. Quarry LP raised its stake in Nova by 438.5% during the third quarter. Quarry LP now owns 140 shares of the semiconductor company's stock valued at $29,000 after buying an additional 114 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Nova by 89.7% during the 3rd 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. Employees Retirement System of Texas bought a new stake in Nova during the second quarter valued at approximately $68,000. Signaturefd LLC increased its stake in shares of Nova by 31.4% in the 3rd quarter. Signaturefd LLC now owns 1,008 shares of the semiconductor company's stock worth $210,000 after purchasing an additional 241 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Nova in the second quarter worth about $211,000. Institutional investors own 82.99% of the company's stock.
About Nova
(
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.
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