Nova Ltd. (NASDAQ:NVMI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Nova Ltd. (NASDAQ:NVMI) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $227.80.

Several brokerages have commented on NVMI. Needham & Company LLC reissued a “hold” rating on shares of Nova in a report on Friday, November 8th. Citigroup lowered Nova from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $273.00 to $224.00 in a research note on Monday, September 16th. Finally, Benchmark lifted their price target on Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Nova Trading Down 0.3 %

Shares of NVMI opened at $189.91 on Friday. Nova has a 12 month low of $124.42 and a 12 month high of $247.21. The stock’s 50 day moving average is $192.03 and its two-hundred day moving average is $208.27. The firm has a market cap of $5.52 billion, a P/E ratio of 35.43, a PEG ratio of 1.80 and a beta of 1.44.

Institutional Trading of Nova

A number of institutional investors have recently made changes to their positions in the company. Quarry LP boosted its stake in Nova by 438.5% during the third quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock worth $29,000 after buying an additional 114 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Nova by 89.7% during the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock worth $34,000 after buying an additional 78 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Nova during the second quarter worth $68,000. FSC Wealth Advisors LLC acquired a new position in Nova during the second quarter worth $79,000. Finally, Signaturefd LLC boosted its stake in Nova by 15.9% during the second quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock worth $180,000 after buying an additional 105 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

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.