Van ECK Associates Corp Has $1.58 Million Stock Holdings in Nova Ltd. (NASDAQ:NVMI)

Van ECK Associates Corp lifted its holdings in Nova Ltd. (NASDAQ:NVMI) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,604 shares of the semiconductor company’s stock after acquiring an additional 226 shares during the quarter. Van ECK Associates Corp’s holdings in Nova were worth $1,584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Y.D. More Investments Ltd lifted its position in Nova by 2,733.2% in the second quarter. Y.D. More Investments Ltd now owns 288,986 shares of the semiconductor company’s stock worth $67,510,000 after purchasing an additional 278,786 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of Nova in the 1st quarter valued at about $38,661,000. Massachusetts Financial Services Co. MA grew its position in shares of Nova by 45.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company’s stock worth $151,319,000 after buying an additional 200,816 shares during the period. Meitav Investment House Ltd. raised its stake in Nova by 28.1% during the 2nd quarter. Meitav Investment House Ltd. now owns 556,839 shares of the semiconductor company’s stock worth $130,258,000 after buying an additional 122,218 shares during the period. Finally, Grandeur Peak Global Advisors LLC bought a new stake in Nova in the 1st quarter valued at $15,195,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NVMI shares. Citigroup downgraded shares of Nova from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $273.00 to $224.00 in a report on Monday, September 16th. Needham & Company LLC reiterated a “hold” rating on shares of Nova in a report on Friday. Finally, Benchmark lifted their target price on shares of Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $227.80.

Nova Stock Up 0.8 %

Shares of NASDAQ NVMI opened at $199.28 on Tuesday. Nova Ltd. has a 52 week low of $110.94 and a 52 week high of $247.21. The firm’s fifty day moving average is $198.31 and its 200 day moving average is $208.41. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 2.04 and a beta of 1.47.

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.