Harel Insurance Investments & Financial Services Ltd. Has $230.36 Million Position in Nova Ltd. (NASDAQ:NVMI)

Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Nova Ltd. (NASDAQ:NVMI) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,169,625 shares of the semiconductor company’s stock after purchasing an additional 11,915 shares during the period. Nova accounts for about 3.8% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 6th biggest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in Nova were worth $230,358,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP raised its stake in shares of Nova by 438.5% during the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 114 shares during the period. Advisors Asset Management Inc. increased its holdings in Nova by 89.7% during the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock worth $34,000 after buying an additional 78 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Nova in the second quarter worth about $68,000. Signaturefd LLC boosted its stake in Nova by 31.4% in the third quarter. Signaturefd LLC now owns 1,008 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 241 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Nova during the 2nd quarter valued at approximately $211,000. 82.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NVMI. Cantor Fitzgerald initiated coverage on shares of Nova in a report on Monday, January 13th. They issued an “overweight” rating and a $275.00 price target on the stock. Citigroup raised Nova from a “neutral” rating to a “buy” rating and upped their price target for the company from $226.00 to $240.00 in a research report on Monday, January 6th. Benchmark lifted their price objective on Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $238.33.

Nova Stock Performance

Shares of NASDAQ NVMI opened at $251.26 on Friday. The stock has a fifty day moving average of $200.81 and a 200-day moving average of $204.37. The stock has a market cap of $7.30 billion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 2.10 and a beta of 1.42. Nova Ltd. has a fifty-two week low of $142.53 and a fifty-two week high of $266.13.

About Nova

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.