Edmond DE Rothschild Holding S.A. Sells 217 Shares of Nova Ltd. $NVMI

Edmond DE Rothschild Holding S.A. lowered its holdings in Nova Ltd. (NASDAQ:NVMI) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,417 shares of the semiconductor company’s stock after selling 217 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Nova were worth $1,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVMI. Amundi lifted its position in Nova by 195.9% in the 1st quarter. Amundi now owns 24,063 shares of the semiconductor company’s stock worth $4,143,000 after buying an additional 15,930 shares during the last quarter. Plato Investment Management Ltd bought a new stake in Nova during the 1st quarter valued at $208,000. Y.D. More Investments Ltd increased its position in shares of Nova by 6.8% in the second quarter. Y.D. More Investments Ltd now owns 318,035 shares of the semiconductor company’s stock valued at $89,781,000 after acquiring an additional 20,114 shares during the period. Congress Asset Management Co. increased its holdings in Nova by 1.4% during the 2nd quarter. Congress Asset Management Co. now owns 278,638 shares of the semiconductor company’s stock valued at $76,681,000 after purchasing an additional 3,759 shares during the period. Finally, MetLife Investment Management LLC bought a new position in shares of Nova during the first quarter valued at approximately $577,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVMI has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Nova in a research report on Monday. Evercore ISI raised their price target on shares of Nova from $290.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Benchmark lifted their price objective on Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $307.00.

Nova Trading Up 2.2%

Nova stock opened at $307.67 on Thursday. Nova Ltd. has a 12-month low of $153.99 and a 12-month high of $361.32. The firm has a 50-day moving average price of $318.14 and a 200-day moving average price of $273.88. The firm has a market capitalization of $9.05 billion, a PE ratio of 41.86, a price-to-earnings-growth ratio of 2.44 and a beta of 1.79.

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.