J.W. Cole Advisors Inc. Makes New $385,000 Investment in Nova Ltd. $NVMI

J.W. Cole Advisors Inc. bought a new position in Nova Ltd. (NASDAQ:NVMI) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,204 shares of the semiconductor company’s stock, valued at approximately $385,000.

A number of other hedge funds have also bought and sold shares of NVMI. Migdal Insurance & Financial Holdings Ltd. grew its stake in Nova by 13.1% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,437,657 shares of the semiconductor company’s stock valued at $395,643,000 after purchasing an additional 166,672 shares during the period. Lazard Asset Management LLC raised its position in Nova by 69.2% in the second quarter. Lazard Asset Management LLC now owns 359,221 shares of the semiconductor company’s stock worth $98,857,000 after acquiring an additional 146,932 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Nova by 10.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,342,169 shares of the semiconductor company’s stock valued at $369,365,000 after acquiring an additional 129,684 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Nova by 4.9% during the 2nd quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock valued at $605,701,000 after acquiring an additional 102,250 shares during the period. Finally, Noked Israel Ltd increased its stake in shares of Nova by 120.5% during the 2nd quarter. Noked Israel Ltd now owns 181,057 shares of the semiconductor company’s stock worth $49,827,000 after purchasing an additional 98,957 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NVMI shares. Jefferies Financial Group raised their target price on Nova from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Evercore lifted their target price on shares of Nova from $290.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Benchmark raised their price objective on shares of Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Morgan Stanley initiated coverage on shares of Nova in a report on Monday, December 1st. They set an “equal weight” rating and a $335.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nova in a research report on Monday, December 22nd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $348.57.

Nova Stock Performance

NASDAQ NVMI opened at $475.83 on Thursday. Nova Ltd. has a 52-week low of $153.99 and a 52-week high of $507.27. The company has a fifty day moving average of $390.31 and a 200-day moving average of $329.56. The company has a market capitalization of $13.99 billion, a P/E ratio of 62.20, a P/E/G ratio of 2.78 and a beta of 1.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.00 and a current ratio of 4.58.

Nova Company Profile

Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.