Quarry LP Acquires 114 Shares of Nova Ltd. (NASDAQ:NVMI)

Quarry LP lifted its holdings in Nova Ltd. (NASDAQ:NVMI) by 438.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140 shares of the semiconductor company’s stock after acquiring an additional 114 shares during the period. Quarry LP’s holdings in Nova were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd boosted its stake in Nova by 74.6% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,281,869 shares of the semiconductor company’s stock worth $267,487,000 after purchasing an additional 547,833 shares during the period. Y.D. More Investments Ltd boosted its position in shares of Nova by 2,733.2% during the second quarter. Y.D. More Investments Ltd now owns 288,986 shares of the semiconductor company’s stock worth $67,510,000 after acquiring an additional 278,786 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Nova by 45.2% during the second 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. Meitav Investment House Ltd. increased its holdings in Nova by 28.1% in the 2nd quarter. Meitav Investment House Ltd. now owns 556,839 shares of the semiconductor company’s stock valued at $130,258,000 after acquiring an additional 122,218 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Nova by 7.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,195,985 shares of the semiconductor company’s stock worth $280,494,000 after purchasing an additional 80,500 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Price Performance

Shares of NVMI stock opened at $189.55 on Friday. The company has a market cap of $5.51 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 1.84 and a beta of 1.44. Nova Ltd. has a 1 year low of $128.60 and a 1 year high of $247.21. The stock’s 50 day simple moving average is $190.29 and its two-hundred day simple moving average is $207.47.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup lowered Nova from a “buy” rating to a “neutral” rating and cut their price objective for the company from $273.00 to $224.00 in a research report on Monday, September 16th. Needham & Company LLC restated a “hold” rating on shares of Nova in a report on Friday, November 8th. Finally, Benchmark upped their price objective on Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nova 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.