Nova Ltd. $NVMI is Meitav Investment House Ltd.’s 8th Largest Position

Meitav Investment House Ltd. lowered its position in shares of Nova Ltd. (NASDAQ:NVMI) by 25.8% during the third quarter, Holdings Channel reports. The firm owned 570,785 shares of the semiconductor company’s stock after selling 198,799 shares during the quarter. Nova makes up about 2.5% of Meitav Investment House Ltd.’s portfolio, making the stock its 8th largest holding. Meitav Investment House Ltd.’s holdings in Nova were worth $181,777,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NVMI. SBI Securities Co. Ltd. grew its stake in Nova by 51.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock worth $45,000 after buying an additional 56 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Nova by 182.7% during the second quarter. Parallel Advisors LLC now owns 212 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 137 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of 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 position 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 purchasing an additional 100 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Nova by 13.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 37 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NVMI shares. Jefferies Financial Group lifted their price objective on shares of Nova from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a report on Monday, December 22nd. Bank of America upped their price objective on Nova from $380.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Evercore ISI lifted their target price on Nova from $290.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Benchmark upped their price target on Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $348.57.

Nova Price Performance

Shares of NASDAQ:NVMI opened at $445.70 on Friday. The company has a quick ratio of 4.00, a current ratio of 4.58 and a debt-to-equity ratio of 0.62. The company has a market cap of $13.10 billion, a P/E ratio of 58.26, a PEG ratio of 2.69 and a beta of 1.84. Nova Ltd. has a 52 week low of $153.99 and a 52 week high of $450.93. The company has a 50-day moving average price of $333.26 and a 200 day moving average price of $306.79.

Nova 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.