Shares of Nova Ltd. (NASDAQ:NVMI - Get Free Report) traded up 4.3% on Tuesday . The stock traded as high as $198.53 and last traded at $198.53. 90,987 shares were traded during mid-day trading, a decline of 52% from the average session volume of 190,127 shares. The stock had previously closed at $190.41.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a research note on Friday, November 8th. Benchmark increased their price objective on Nova from $240.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Citigroup lowered Nova from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $273.00 to $224.00 in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $227.80.
Read Our Latest Research Report on NVMI
Nova Price Performance
The business has a 50-day moving average of $189.80 and a 200-day moving average of $207.00. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 36.95, a P/E/G ratio of 1.78 and a beta of 1.44.
Institutional Trading of Nova
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Nova by 74.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,281,869 shares of the semiconductor company's stock valued at $267,487,000 after acquiring an additional 547,833 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Nova by 6.5% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,273,985 shares of the semiconductor company's stock worth $265,422,000 after purchasing an additional 78,000 shares during the period. Franklin Resources Inc. grew its holdings in 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 purchasing an additional 353,906 shares during the period. Meitav Investment House Ltd. grew its holdings in Nova by 16.3% during the third quarter. Meitav Investment House Ltd. now owns 647,722 shares of the semiconductor company's stock worth $135,513,000 after purchasing an additional 90,883 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Nova by 45.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company's stock worth $151,319,000 after purchasing an additional 200,816 shares during the period. Institutional investors and hedge funds 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.
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