Stifel Financial Corp Purchases 916 Shares of Nova Ltd. (NASDAQ:NVMI)

Stifel Financial Corp lifted its position in shares of Nova Ltd. (NASDAQ:NVMI) by 47.3% during the third quarter, Holdings Channel reports. The firm owned 2,852 shares of the semiconductor company’s stock after acquiring an additional 916 shares during the period. Stifel Financial Corp’s holdings in Nova were worth $594,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVMI. Quadrature Capital Ltd purchased a new stake in Nova in the 3rd quarter valued at about $967,000. Quarry LP grew its holdings in shares of Nova by 438.5% in the third quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 114 shares in the last quarter. Morse Asset Management Inc increased its position in shares of Nova by 3.2% during the third quarter. Morse Asset Management Inc now owns 4,030 shares of the semiconductor company’s stock valued at $840,000 after acquiring an additional 125 shares during the last quarter. Concentric Capital Strategies LP bought a new stake in Nova during the third quarter worth $1,691,000. Finally, PDT Partners LLC purchased a new position in Nova in the third quarter worth $3,068,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Nova Stock Performance

Shares of Nova stock opened at $203.15 on Thursday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 37.90, a P/E/G ratio of 1.78 and a beta of 1.44. Nova Ltd. has a 52-week low of $128.74 and a 52-week high of $247.21. The stock’s 50-day simple moving average is $188.17 and its 200 day simple moving average is $206.28.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NVMI shares. Citigroup lowered Nova from a “buy” rating to a “neutral” rating and decreased their target price for the company from $273.00 to $224.00 in a research report on Monday, September 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research report on Friday, November 8th. Finally, Benchmark raised their price target on shares of Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.