Invesco Ltd. Has $58.56 Million Holdings in Nova Ltd. $NVMI

Invesco Ltd. grew its position in Nova Ltd. (NASDAQ:NVMI) by 30.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 212,800 shares of the semiconductor company’s stock after purchasing an additional 49,566 shares during the period. Invesco Ltd.’s holdings in Nova were worth $58,563,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NVMI. Amundi boosted its stake 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 purchasing an additional 15,930 shares during the period. Plato Investment Management Ltd acquired a new stake in Nova during the 1st quarter valued at $208,000. American Century Companies Inc. lifted its holdings in shares of Nova by 9.6% in the second quarter. American Century Companies Inc. now owns 147,657 shares of the semiconductor company’s stock valued at $40,635,000 after purchasing an additional 12,957 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Nova by 33.0% in the second quarter. Cetera Investment Advisers now owns 6,662 shares of the semiconductor company’s stock worth $1,833,000 after buying an additional 1,653 shares during the period. Finally, Y.D. More Investments Ltd grew its holdings in shares of Nova by 6.8% during 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 buying an additional 20,114 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Nova Trading Down 0.5%

Shares of NASDAQ:NVMI opened at $334.83 on Thursday. The company has a current ratio of 4.58, a quick ratio of 4.00 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $9.84 billion, a PE ratio of 43.77, a P/E/G ratio of 2.25 and a beta of 1.84. Nova Ltd. has a 1 year low of $153.99 and a 1 year high of $361.32. The firm has a fifty day moving average price of $319.77 and a 200 day moving average price of $282.97.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Nova in a research note on Monday, December 1st. Benchmark raised their price target on shares of Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Evercore ISI boosted their price objective on shares of Nova from $290.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Morgan Stanley assumed coverage on shares of Nova in a research report on Monday, December 1st. They issued an “equal weight” rating and a $335.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $311.67.

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.