Nova Ltd. $NVMI Shares Sold by James Investment Research Inc.

James Investment Research Inc. trimmed its stake in Nova Ltd. (NASDAQ:NVMI) by 4.0% during the third quarter, Holdings Channel.com reports. The fund owned 45,289 shares of the semiconductor company’s stock after selling 1,864 shares during the period. Nova accounts for about 1.6% of James Investment Research Inc.’s investment portfolio, making the stock its 9th biggest position. James Investment Research Inc.’s holdings in Nova were worth $14,477,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Teacher Retirement System of Texas purchased a new position in shares of Nova during the third quarter worth $1,375,000. Wealth Enhancement Advisory Services LLC lifted its stake in Nova by 3.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock worth $375,000 after acquiring an additional 37 shares in the last quarter. Quantum Portfolio Management LLC boosted its holdings in Nova by 53.1% during the 3rd quarter. Quantum Portfolio Management LLC now owns 1,790 shares of the semiconductor company’s stock valued at $572,000 after acquiring an additional 621 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Nova by 6.4% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,428,607 shares of the semiconductor company’s stock valued at $456,669,000 after acquiring an additional 86,438 shares during the period. Finally, Bank Hapoalim BM grew its position in Nova by 5.1% in the 3rd quarter. Bank Hapoalim BM now owns 910 shares of the semiconductor company’s stock valued at $291,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NVMI. Morgan Stanley assumed coverage on shares of Nova in a research report on Monday, December 1st. They set an “equal weight” rating and a $335.00 price target on the stock. Jefferies Financial Group increased their target price on shares of Nova from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Bank of America raised their price target on shares of Nova from $380.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Benchmark upped their price objective on Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nova in a research note on Monday, December 22nd. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $348.57.

Nova Stock Down 0.1%

Nova stock opened at $460.91 on Monday. The stock has a market cap of $13.55 billion, a PE ratio of 60.25, a P/E/G ratio of 2.78 and a beta of 1.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.58 and a quick ratio of 4.00. The stock’s fifty day moving average is $348.40 and its two-hundred day moving average is $313.08. Nova Ltd. has a 1-year low of $153.99 and a 1-year high of $475.00.

Nova Company Profile

Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.