Raiffeisen Bank International AG boosted its stake in shares of Nova Ltd. (NASDAQ:NVMI – Free Report) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,000 shares of the semiconductor company’s stock after purchasing an additional 2,000 shares during the quarter. Raiffeisen Bank International AG’s holdings in Nova were worth $16,177,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of NVMI. SBI Securities Co. Ltd. raised its position in shares of Nova by 51.9% in the second quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 56 shares during the period. Advisors Asset Management Inc. raised its holdings in Nova by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 128 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Nova by 62.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 100 shares during the period. Smithfield Trust Co bought a new stake in shares of Nova during the third quarter worth approximately $128,000. Finally, Rexford Capital Inc. acquired a new position in shares of Nova in the second quarter valued at approximately $138,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.
Nova Stock Performance
Shares of Nova stock opened at $441.24 on Friday. The business has a 50-day simple moving average of $406.47 and a 200 day simple moving average of $337.67. Nova Ltd. has a one year low of $153.99 and a one year high of $507.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 6.28 and a quick ratio of 5.47. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 55.09, a PEG ratio of 3.24 and a beta of 1.84.
Analysts Set New Price Targets
A number of research analysts recently commented on NVMI shares. Benchmark raised their price target on Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Evercore reissued an “outperform” rating and issued a $485.00 target price on shares of Nova in a report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Nova in a research report on Monday, December 22nd. Bank of America increased their price target on shares of Nova from $380.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Finally, Jefferies Financial Group restated a “buy” rating and set a $520.00 price objective on shares of Nova in a research report on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Nova currently has a consensus rating of “Moderate Buy” and a consensus price target of $439.00.
Read Our Latest Research Report on Nova
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.
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