Nova Ltd. (NASDAQ:NVMI) Shares Bought by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,169,625 shares of the semiconductor company’s stock after buying an additional 11,915 shares during the period. Nova comprises approximately 3.8% of Harel Insurance Investments & Financial Services Ltd.’s portfolio, making the stock its 6th largest position. Harel Insurance Investments & Financial Services Ltd. owned 4.03% of Nova worth $230,358,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NVMI. SG Americas Securities LLC raised its position in shares of Nova by 352.8% during the fourth quarter. SG Americas Securities LLC now owns 3,618 shares of the semiconductor company’s stock worth $713,000 after acquiring an additional 2,819 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Nova by 253.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,327 shares of the semiconductor company’s stock worth $7,360,000 after purchasing an additional 25,345 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Nova by 115.1% in the 3rd quarter. Franklin Resources Inc. now owns 661,282 shares of the semiconductor company’s stock worth $146,515,000 after purchasing an additional 353,906 shares during the period. Tidal Investments LLC boosted its stake in shares of Nova by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 15,142 shares of the semiconductor company’s stock valued at $3,155,000 after purchasing an additional 661 shares during the last quarter. Finally, Virtu Financial LLC increased its position in shares of Nova by 33.6% during the third quarter. Virtu Financial LLC now owns 2,938 shares of the semiconductor company’s stock worth $612,000 after buying an additional 739 shares during the period. 82.99% of the stock is owned by institutional investors.

Nova Stock Performance

Shares of NASDAQ:NVMI opened at $251.26 on Friday. Nova Ltd. has a 52-week low of $142.53 and a 52-week high of $266.13. The business’s 50 day simple moving average is $200.81 and its two-hundred day simple moving average is $204.37. The firm has a market cap of $7.30 billion, a P/E ratio of 46.88, a PEG ratio of 2.10 and a beta of 1.42.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald began coverage on shares of Nova in a report on Monday, January 13th. They issued an “overweight” rating and a $275.00 target price on the stock. Benchmark upped their target price on Nova from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Nova in a report on Friday, November 8th. Finally, Citigroup upgraded Nova from a “neutral” rating to a “buy” rating and increased their price target for the stock from $226.00 to $240.00 in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Nova currently has an average rating of “Moderate Buy” and a consensus price target of $238.33.

Nova Company Profile

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.