Nova Ltd. $NVMI Holdings Cut by Stephens Inc. AR

Stephens Inc. AR reduced its stake in Nova Ltd. (NASDAQ:NVMI) by 17.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,950 shares of the semiconductor company’s stock after selling 2,757 shares during the period. Stephens Inc. AR’s holdings in Nova were worth $4,140,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NVMI. SBI Securities Co. Ltd. lifted its holdings in shares of Nova by 51.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 56 shares during the last quarter. Parallel Advisors LLC increased its position in Nova by 182.7% in the second quarter. Parallel Advisors LLC now owns 212 shares of the semiconductor company’s stock worth $58,000 after buying an additional 137 shares during the period. Advisors Asset Management Inc. lifted its stake in Nova by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 128 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Nova by 62.5% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 100 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Nova by 13.8% during the second quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 37 shares during the period. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Benchmark lifted their price objective on shares of Nova from $280.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Bank of America raised their price target on shares of Nova from $380.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Nova in a research report on Monday, December 22nd. Jefferies Financial Group increased their price objective on Nova from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, 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. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Nova presently has an average rating of “Moderate Buy” and a consensus target price of $348.57.

Nova Trading Up 5.2%

Nova stock opened at $434.55 on Friday. Nova Ltd. has a 12-month low of $153.99 and a 12-month high of $448.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.58 and a quick ratio of 4.00. The stock has a market capitalization of $12.78 billion, a PE ratio of 56.80, a price-to-earnings-growth ratio of 2.49 and a beta of 1.84. The firm has a 50 day simple moving average of $330.50 and a 200-day simple moving average of $305.34.

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.