HighTower Advisors LLC Has $2.46 Million Position in Nova Ltd. (NASDAQ:NVMI)

HighTower Advisors LLC lowered its holdings in Nova Ltd. (NASDAQ:NVMI) by 23.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,774 shares of the semiconductor company’s stock after selling 3,681 shares during the period. HighTower Advisors LLC’s holdings in Nova were worth $2,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd grew its position in Nova by 74.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,281,869 shares of the semiconductor company’s stock valued at $267,487,000 after purchasing an additional 547,833 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Nova by 6.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,273,985 shares of the semiconductor company’s stock valued at $265,422,000 after buying an additional 78,000 shares during the period. Meitav Investment House Ltd. grew its holdings in shares of Nova by 16.3% during the 3rd quarter. Meitav Investment House Ltd. now owns 647,722 shares of the semiconductor company’s stock valued at $135,513,000 after acquiring an additional 90,883 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Nova by 45.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 645,203 shares of the semiconductor company’s stock worth $151,319,000 after acquiring an additional 200,816 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its holdings in shares of Nova by 2,733.2% during the second quarter. Y.D. More Investments Ltd now owns 288,986 shares of the semiconductor company’s stock worth $67,510,000 after acquiring an additional 278,786 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Price Performance

NASDAQ NVMI opened at $188.33 on Friday. Nova Ltd. has a fifty-two week low of $128.74 and a fifty-two week high of $247.21. The stock’s 50-day moving average is $190.29 and its two-hundred day moving average is $207.47. The firm has a market cap of $5.47 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44.

Wall Street Analysts Forecast Growth

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

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.