Nova (NASDAQ:NVMI) Research Coverage Started at Cantor Fitzgerald

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

NVMI has been the subject of a number of other research reports. 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 research note on Monday, January 6th. Benchmark upped their target price on shares of Nova from $240.00 to $245.00 and gave the company 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 research note on Friday, November 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $238.33.

Nova Stock Performance

Shares of NASDAQ:NVMI opened at $232.66 on Monday. The stock’s 50-day simple moving average is $195.79 and its two-hundred day simple moving average is $203.93. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 1.78 and a beta of 1.42. Nova has a 52-week low of $129.39 and a 52-week high of $247.21.

Institutional Investors Weigh In On Nova

A number of institutional investors and hedge funds have recently made changes to their positions in NVMI. Oppenheimer Asset Management Inc. grew its stake in shares of Nova by 25.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,207 shares of the semiconductor company’s stock valued at $2,863,000 after buying an additional 2,482 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Nova by 12.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,153 shares of the semiconductor company’s stock valued at $2,147,000 after acquiring an additional 993 shares during the period. Massachusetts Financial Services Co. MA grew its position in Nova by 45.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company’s stock valued at $151,319,000 after acquiring an additional 200,816 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Nova by 29.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,683 shares of the semiconductor company’s stock worth $864,000 after purchasing an additional 834 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in shares of Nova during the second quarter worth about $316,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.