2,354 Shares in Nova Ltd. (NASDAQ:NVMI) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Nova Ltd. (NASDAQ:NVMI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,354 shares of the semiconductor company’s stock, valued at approximately $490,000.

Several other large investors have also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Nova by 74.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,281,869 shares of the semiconductor company’s stock valued at $267,487,000 after acquiring an additional 547,833 shares during the last quarter. Y.D. More Investments Ltd raised its position in Nova by 2,733.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 288,986 shares of the semiconductor company’s stock valued at $67,510,000 after purchasing an additional 278,786 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Nova by 45.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company’s stock worth $151,319,000 after purchasing an additional 200,816 shares in the last quarter. Meitav Investment House Ltd. grew its holdings in shares of Nova by 28.1% during the second quarter. Meitav Investment House Ltd. now owns 556,839 shares of the semiconductor company’s stock worth $130,258,000 after purchasing an additional 122,218 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Nova by 7.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,195,985 shares of the semiconductor company’s stock valued at $280,494,000 after buying an additional 80,500 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Nova Trading Down 0.6 %

Shares of NASDAQ:NVMI opened at $188.33 on Monday. Nova Ltd. has a 1-year low of $128.74 and a 1-year high of $247.21. The stock has a market capitalization of $5.47 billion, a P/E ratio of 35.14, a P/E/G ratio of 1.81 and a beta of 1.44. The business has a 50-day moving average price of $190.01 and a two-hundred day moving average price of $207.21.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup downgraded shares of Nova from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $273.00 to $224.00 in a research report on Monday, September 16th. Benchmark upped their target price on shares of Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Nova in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $227.80.

Nova 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.