Nova Ltd. (NASDAQ:NVMI) Receives $238.33 Average PT from Analysts

Nova Ltd. (NASDAQ:NVMI) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $238.33.

A number of research analysts recently commented on the company. Benchmark boosted their price target on Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald began coverage on Nova in a report on Monday, January 13th. They issued an “overweight” rating and a $275.00 price target on the stock. Citigroup raised Nova from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $226.00 to $240.00 in a research note on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research note on Friday, November 8th.

Nova Trading Up 0.2 %

NASDAQ NVMI opened at $252.38 on Friday. The stock’s 50 day moving average is $203.52 and its 200 day moving average is $204.79. Nova has a 12 month low of $142.53 and a 12 month high of $266.13. The stock has a market cap of $7.33 billion, a PE ratio of 47.09, a P/E/G ratio of 2.10 and a beta of 1.42.

Institutional Trading of Nova

Large investors have recently added to or reduced their stakes in the company. Quarry LP increased its position in shares of Nova by 438.5% during the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 114 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Nova by 89.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 78 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of Nova during the 2nd quarter valued at approximately $68,000. Signaturefd LLC grew its position in Nova by 31.4% in the 3rd quarter. Signaturefd LLC now owns 1,008 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 241 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Nova in the 2nd quarter valued at $211,000. Institutional investors own 82.99% of the company’s stock.

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.