94,316 Shares in Nova Ltd. (NASDAQ:NVMI) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 94,316 shares of the semiconductor company's stock, valued at approximately $19,659,000. Public Employees Retirement System of Ohio owned 0.32% of Nova at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of 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. Y.D. More Investments Ltd increased its holdings in Nova by 2,733.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 288,986 shares of the semiconductor company's stock valued at $67,510,000 after buying an additional 278,786 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Nova by 45.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company's stock valued at $151,319,000 after buying an additional 200,816 shares during the period. Meitav Investment House Ltd. boosted its position in shares of Nova by 28.1% during the 2nd quarter. Meitav Investment House Ltd. now owns 556,839 shares of the semiconductor company's stock valued at $130,258,000 after acquiring an additional 122,218 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Nova by 7.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,195,985 shares of the semiconductor company's stock valued at $280,494,000 after acquiring an additional 80,500 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Trading Up 0.9 %

Shares of NASDAQ:NVMI traded up $1.70 during trading on Wednesday, reaching $192.00. 151,083 shares of the stock were exchanged, compared to its average volume of 191,664. The stock has a 50-day moving average price of $190.49 and a 200-day moving average price of $207.59. Nova Ltd. has a 12 month low of $128.60 and a 12 month high of $247.21. The firm has a market cap of $5.58 billion, a PE ratio of 35.82, a PEG ratio of 1.84 and a beta of 1.44.

Analyst Ratings Changes

NVMI has been the subject of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of Nova in a report on Friday, November 8th. Citigroup cut Nova from a "buy" rating to a "neutral" rating and cut their price objective for the company from $273.00 to $224.00 in a report on Monday, September 16th. Finally, Benchmark upped their target price on shares of Nova from $240.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Nova presently has an average rating of "Moderate Buy" and an average price target of $227.80.

About Nova

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.