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

Shares of Nova Ltd. (NASDAQ:NVMI) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $227.80.

NVMI has been the topic of several recent research reports. Citigroup downgraded shares of 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 reiterated a “hold” rating on shares of Nova in a research report on Friday, November 8th. Finally, Benchmark raised 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.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quarry LP increased its position in Nova by 438.5% in the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock worth $29,000 after buying an additional 114 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Nova by 89.7% in the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 78 shares during the last quarter. Employees Retirement System of Texas bought a new position in Nova during the second quarter worth $68,000. Signaturefd LLC raised its stake in Nova by 15.9% during the 2nd quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock valued at $180,000 after purchasing an additional 105 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Nova in the 2nd quarter valued at $211,000. Institutional investors own 82.99% of the company’s stock.

Nova Stock Up 2.9 %

Shares of NASDAQ:NVMI opened at $199.17 on Tuesday. The company has a market cap of $5.79 billion, a PE ratio of 37.16, a P/E/G ratio of 1.78 and a beta of 1.44. Nova has a fifty-two week low of $128.74 and a fifty-two week high of $247.21. The firm has a 50-day simple moving average of $188.09 and a 200 day simple moving average of $206.39.

About Nova

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.