Stifel Financial Corp Has $594,000 Stock Position in Nova Ltd. (NASDAQ:NVMI)

Stifel Financial Corp raised its holdings in Nova Ltd. (NASDAQ:NVMI) by 47.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,852 shares of the semiconductor company’s stock after buying an additional 916 shares during the quarter. Stifel Financial Corp’s holdings in Nova were worth $594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVMI. Quarry LP increased its stake in shares of Nova by 438.5% in the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 114 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Nova by 89.7% in the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 78 shares during the period. Employees Retirement System of Texas bought a new stake in Nova in the second quarter valued at $68,000. Signaturefd LLC raised its holdings in shares of Nova by 15.9% during the second quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock valued at $180,000 after purchasing an additional 105 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Nova during the 2nd quarter worth about $211,000. 82.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NVMI has been the subject of a number of research analyst reports. Citigroup lowered Nova from a “buy” rating to a “neutral” rating and decreased their target price for the company from $273.00 to $224.00 in a research report on Monday, September 16th. Benchmark boosted their price objective on Nova from $240.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Nova in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Nova has an average rating of “Moderate Buy” and an average target price of $227.80.

Nova Stock Performance

NVMI stock opened at $203.15 on Thursday. The business has a 50-day simple moving average of $188.17 and a two-hundred day simple moving average of $206.28. The company has a market capitalization of $5.90 billion, a P/E ratio of 37.90, a price-to-earnings-growth ratio of 1.78 and a beta of 1.44. Nova Ltd. has a 52-week low of $128.74 and a 52-week high of $247.21.

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.