31,761 Shares in Nova Ltd. $NVMI Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Nova Ltd. (NASDAQ:NVMI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,761 shares of the semiconductor company’s stock, valued at approximately $10,153,000. Mirae Asset Global Investments Co. Ltd. owned 0.11% of Nova at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. SBI Securities Co. Ltd. increased its stake in Nova by 51.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 56 shares during the period. Advisors Asset Management Inc. lifted its stake in Nova by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 128 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Nova by 62.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 100 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Nova by 13.8% in the second quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 37 shares in the last quarter. Finally, Rexford Capital Inc. acquired a new stake in Nova during the 2nd quarter worth about $138,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Nova Price Performance

Nova stock opened at $457.84 on Friday. The business’s 50-day simple moving average is $367.71 and its 200 day simple moving average is $319.37. The company has a quick ratio of 4.00, a current ratio of 4.58 and a debt-to-equity ratio of 0.62. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of 59.85, a P/E/G ratio of 3.00 and a beta of 1.84. Nova Ltd. has a 12-month low of $153.99 and a 12-month high of $507.27.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NVMI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nova in a research note on Monday, December 22nd. Jefferies Financial Group lifted their target price on shares of Nova from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Benchmark increased their price target on shares of Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Morgan Stanley initiated coverage on shares of Nova in a report on Monday, December 1st. They set an “equal weight” rating and a $335.00 price target on the stock. Finally, Bank of America increased their target price on shares of Nova from $380.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Nova presently has a consensus rating of “Moderate Buy” and an average price target of $348.57.

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.