Nova Ltd. $NVMI Stock Holdings Cut by James Investment Research Inc.

James Investment Research Inc. cut its holdings in Nova Ltd. (NASDAQ:NVMI) by 4.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,289 shares of the semiconductor company’s stock after selling 1,864 shares during the quarter. Nova accounts for 1.6% of James Investment Research Inc.’s investment portfolio, making the stock its 9th largest position. James Investment Research Inc. owned about 0.15% of Nova worth $14,477,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVMI. SBI Securities Co. Ltd. raised its position in Nova by 51.9% during the second quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 56 shares during the period. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 100 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Nova by 13.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company’s stock worth $84,000 after buying an additional 37 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Nova by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after buying an additional 128 shares during the last quarter. Finally, Rexford Capital Inc. purchased a new stake in Nova during the 2nd quarter worth approximately $138,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Price Performance

Shares of NVMI stock opened at $460.91 on Monday. 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 company has a market capitalization of $13.55 billion, a PE ratio of 60.25, a price-to-earnings-growth ratio of 2.78 and a beta of 1.84. The firm’s 50-day moving average is $348.40 and its two-hundred day moving average is $313.08. Nova Ltd. has a 12 month low of $153.99 and a 12 month high of $475.00.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Evercore ISI increased their target price on Nova from $290.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Bank of America increased 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. Morgan Stanley began coverage on Nova in a report on Monday, December 1st. They issued an “equal weight” rating and a $335.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nova in a report on Monday, December 22nd. Finally, Benchmark increased their target price 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. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $348.57.

About Nova

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.