Nova Ltd. $NVMI is Harel Insurance Investments & Financial Services Ltd.’s 4th Largest Position

Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Nova Ltd. (NASDAQ:NVMI) by 2.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,468,863 shares of the semiconductor company’s stock after purchasing an additional 40,256 shares during the period. Nova comprises approximately 4.2% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 4th largest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in Nova were worth $482,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in Nova during the third quarter worth about $40,000. CIBC Private Wealth Group LLC raised its holdings in Nova by 75.7% during the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Nova by 2,042.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 143 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Nova by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 128 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Nova by 62.5% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 100 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Nova Trading Up 4.7%

Shares of Nova stock opened at $515.65 on Wednesday. Nova Ltd. has a 12-month low of $176.52 and a 12-month high of $550.00. The company has a current ratio of 6.28, a quick ratio of 5.47 and a debt-to-equity ratio of 0.56. The stock has a market cap of $16.39 billion, a PE ratio of 64.38, a price-to-earnings-growth ratio of 3.60 and a beta of 1.78. The company has a 50-day moving average of $469.37 and a two-hundred day moving average of $402.99.

Nova (NASDAQ:NVMI) last issued its earnings results on Friday, February 13th. The semiconductor company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.01. Nova had a net margin of 29.44% and a return on equity of 22.90%. The company had revenue of $222.62 million during the quarter, compared to analysts’ expectations of $220.43 million. During the same period last year, the company posted $1.94 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, research analysts anticipate that Nova Ltd. will post 9.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Zacks Research cut shares of Nova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Evercore reissued an “outperform” rating and set a $485.00 price target on shares of Nova in a report on Friday, February 13th. Barclays assumed coverage on shares of Nova in a report on Wednesday, March 11th. They set an “overweight” rating and a $465.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a report on Friday, April 10th. Finally, Morgan Stanley reissued an “outperform” rating and set a $453.00 price target on shares of Nova in a report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Nova has a consensus rating of “Moderate Buy” and an average price target of $442.25.

About Nova

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.