3,565 Shares in Nova Ltd. $NVMI Acquired by Voya Investment Management LLC

Voya Investment Management LLC purchased a new stake in shares of Nova Ltd. (NASDAQ:NVMI) during the third quarter, Holdings Channel.com reports. The fund purchased 3,565 shares of the semiconductor company’s stock, valued at approximately $1,133,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NVMI. SBI Securities Co. Ltd. grew its position in shares of Nova by 51.9% in the second quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 56 shares in the last quarter. Parallel Advisors LLC grew its holdings in Nova by 182.7% during the 2nd quarter. Parallel Advisors LLC now owns 212 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 137 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Nova by 62.5% during 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 period. Farther Finance Advisors LLC lifted its holdings in shares of Nova by 13.8% in the second quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company’s stock worth $84,000 after buying an additional 37 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Nova by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 128 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Nova Trading Up 0.6%

Shares of NASDAQ NVMI opened at $336.04 on Wednesday. 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 cap of $9.88 billion, a P/E ratio of 43.93, a price-to-earnings-growth ratio of 2.23 and a beta of 1.84. The firm has a 50-day moving average of $320.37 and a 200 day moving average of $294.47. Nova Ltd. has a 1 year low of $153.99 and a 1 year high of $361.32.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a research note on Monday, December 22nd. Benchmark raised their price target on Nova from $280.00 to $345.00 and gave the company a “buy” rating in a report on Friday, November 7th. Evercore ISI raised their target price on shares of Nova from $290.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. 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 for the company. Finally, Jefferies Financial Group raised their price objective on Nova from $360.00 to $390.00 and gave the company a “buy” rating in a report on Monday, December 15th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Nova presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.86.

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.