Nova Ltd. (NASDAQ:NVMI) Position Boosted by Raymond James & Associates

Raymond James & Associates increased its position in Nova Ltd. (NASDAQ:NVMI – Get Rating) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 50,517 shares of the semiconductor company’s stock after purchasing an additional 880 shares during the quarter. Raymond James & Associates’ holdings in Nova were worth $4,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVMI. UBS Group AG grew its position in shares of Nova by 43.5% in the 4th quarter. UBS Group AG now owns 45,460 shares of the semiconductor company’s stock worth $3,713,000 after acquiring an additional 13,783 shares in the last quarter. Montanaro Asset Management Ltd increased its stake in Nova by 5.6% during the fourth quarter. Montanaro Asset Management Ltd now owns 300,725 shares of the semiconductor company’s stock valued at $24,563,000 after purchasing an additional 15,850 shares during the last quarter. Premier Fund Managers Ltd raised its holdings in shares of Nova by 13,202.5% during the fourth quarter. Premier Fund Managers Ltd now owns 932,503 shares of the semiconductor company’s stock worth $8,551,000 after purchasing an additional 925,493 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Nova by 1.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 105,633 shares of the semiconductor company’s stock worth $8,629,000 after purchasing an additional 1,508 shares during the period. Finally, Swiss National Bank lifted its position in shares of Nova by 1.4% in the 4th quarter. Swiss National Bank now owns 69,635 shares of the semiconductor company’s stock worth $5,647,000 after buying an additional 968 shares during the last quarter. 70.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. StockNews.com began coverage on shares of Nova in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Jefferies Financial Group began coverage on Nova in a research report on Thursday, April 20th. They set a “buy” rating and a $115.00 price target on the stock. Needham & Company LLC raised their price target on Nova from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, February 14th. Finally, Benchmark increased their target price on Nova from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $112.20.

Nova Stock Up 1.5 %

NVMI opened at $100.60 on Thursday. The stock’s 50 day moving average price is $96.34 and its 200 day moving average price is $91.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.78 and a quick ratio of 3.77. The stock has a market cap of $2.89 billion, a P/E ratio of 22.76 and a beta of 1.25. Nova Ltd. has a 12 month low of $67.40 and a 12 month high of $111.00.

Nova Company Profile

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Nova Ltd. engages in the provision of metrology solutions for the semiconductor manufacturing industry. Its products and services include dimensional metrology, in-line materials and chemical metrology for semiconductor manufacturing and software solutions. The company was founded by Giora Dishon and Moshe Finarov in May 1993 and is headquartered in Rehovot, Israel.