Nova (NASDAQ:NVMI) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Nova (NASDAQ:NVMI) in a report issued on Monday, Marketbeat.com reports. The firm issued an overweight rating and a $275.00 price target on the semiconductor company’s stock.

NVMI has been the subject of several other reports. Benchmark upped their price objective on Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research report on Friday, November 8th. Finally, Citigroup raised Nova from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $226.00 to $240.00 in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.33.

Nova Price Performance

Shares of NASDAQ NVMI opened at $232.66 on Monday. The stock’s 50-day moving average is $195.79 and its two-hundred day moving average is $203.93. Nova has a 1-year low of $129.39 and a 1-year high of $247.21. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 43.41, a price-to-earnings-growth ratio of 1.78 and a beta of 1.42.

Institutional Trading of Nova

Large investors have recently made changes to their positions in the company. Quarry LP boosted its position in shares of Nova by 438.5% in the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 114 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Nova by 89.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 78 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of Nova in the 2nd quarter valued at about $68,000. Signaturefd LLC boosted its position in shares of Nova by 31.4% in the 3rd quarter. Signaturefd LLC now owns 1,008 shares of the semiconductor company’s stock valued at $210,000 after purchasing an additional 241 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Nova in the 2nd quarter valued at about $211,000. 82.99% of the stock is owned by institutional investors and hedge funds.

About Nova

Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging.