Migdal Insurance & Financial Holdings Ltd. Sells 42,000 Shares of Nova Ltd. $NVMI

Migdal Insurance & Financial Holdings Ltd. reduced its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,395,657 shares of the semiconductor company’s stock after selling 42,000 shares during the period. Nova comprises approximately 4.8% of Migdal Insurance & Financial Holdings Ltd.’s holdings, making the stock its 4th biggest position. Migdal Insurance & Financial Holdings Ltd. owned 4.75% of Nova worth $446,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Nova by 3.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock worth $375,000 after purchasing an additional 37 shares during the last quarter. Quantum Portfolio Management LLC lifted its holdings in Nova by 53.1% during the 3rd quarter. Quantum Portfolio Management LLC now owns 1,790 shares of the semiconductor company’s stock worth $572,000 after buying an additional 621 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Nova by 6.4% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,428,607 shares of the semiconductor company’s stock worth $456,669,000 after acquiring an additional 86,438 shares in the last quarter. Bank Hapoalim BM increased its holdings in shares of Nova by 5.1% in the 3rd quarter. Bank Hapoalim BM now owns 910 shares of the semiconductor company’s stock valued at $291,000 after acquiring an additional 44 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Nova in the 3rd quarter valued at approximately $239,000. Institutional investors own 82.99% of the company’s stock.

Nova Trading Up 1.4%

Shares of NASDAQ:NVMI opened at $452.09 on Wednesday. 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’s 50-day moving average price is $338.68 and its 200 day moving average price is $309.32. The company has a market cap of $13.29 billion, a PE ratio of 59.10, a P/E/G ratio of 2.69 and a beta of 1.84. Nova Ltd. has a fifty-two week low of $153.99 and a fifty-two week high of $462.90.

Analyst Ratings Changes

Several equities analysts recently issued reports on NVMI shares. Evercore ISI raised their price objective on Nova from $290.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Jefferies Financial Group raised their price target on shares of Nova from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nova in a report on Monday, December 22nd. Benchmark increased their price objective on shares of Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Morgan Stanley started coverage on shares of Nova in a report on Monday, December 1st. They issued an “equal weight” rating and a $335.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $348.57.

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.