Bank Hapoalim BM decreased its holdings in Nova Ltd. (NASDAQ:NVMI – Free Report) by 36.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,219 shares of the semiconductor company’s stock after selling 685 shares during the period. Bank Hapoalim BM’s holdings in Nova were worth $254,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Employees Retirement System of Texas purchased a new position in Nova in the second quarter valued at approximately $68,000. FSC Wealth Advisors LLC acquired a new stake in Nova in the second quarter valued at approximately $79,000. Signaturefd LLC grew its position in Nova by 15.9% in the second quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock valued at $180,000 after acquiring an additional 105 shares in the last quarter. OLD National Bancorp IN acquired a new stake in Nova in the second quarter valued at approximately $205,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Nova in the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.
Nova Trading Down 2.6 %
Nova stock traded down $5.08 during mid-day trading on Thursday, reaching $192.50. The company’s stock had a trading volume of 8,450 shares, compared to its average volume of 184,881. Nova Ltd. has a twelve month low of $92.68 and a twelve month high of $247.21. The business has a 50 day moving average price of $202.80 and a 200-day moving average price of $207.05. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 41.08, a PEG ratio of 1.91 and a beta of 1.46.
Analyst Upgrades and Downgrades
NVMI has been the subject of several recent research reports. Benchmark increased their price objective on shares of Nova from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Citigroup downgraded shares of Nova from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $273.00 to $224.00 in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.80.
Check Out Our Latest Stock Analysis on Nova
Nova Profile
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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