SG Americas Securities LLC Purchases 2,819 Shares of Nova Ltd. (NASDAQ:NVMI)

SG Americas Securities LLC raised its position in Nova Ltd. (NASDAQ:NVMI) by 352.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,618 shares of the semiconductor company’s stock after buying an additional 2,819 shares during the quarter. SG Americas Securities LLC’s holdings in Nova were worth $713,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NVMI. Envestnet Asset Management Inc. grew its holdings in shares of Nova by 12.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,153 shares of the semiconductor company’s stock valued at $2,147,000 after purchasing an additional 993 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Nova during the 2nd quarter valued at approximately $211,000. Creative Planning grew its holdings in shares of Nova by 4.5% during the 2nd quarter. Creative Planning now owns 3,567 shares of the semiconductor company’s stock valued at $837,000 after purchasing an additional 155 shares during the last quarter. Cetera Investment Advisers grew its holdings in Nova by 70.4% during the 2nd quarter. Cetera Investment Advisers now owns 6,018 shares of the semiconductor company’s stock worth $1,411,000 after acquiring an additional 2,486 shares during the last quarter. Finally, Maven Securities LTD bought a new stake in Nova during the 2nd quarter worth approximately $227,000. 82.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NVMI. Benchmark boosted their target price on shares of Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Citigroup raised shares of Nova from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $226.00 to $240.00 in a report on Monday, January 6th. Needham & Company LLC reissued a “hold” rating on shares of Nova in a report on Friday, November 8th. Finally, Cantor Fitzgerald began coverage on shares of Nova in a report on Monday, January 13th. They set an “overweight” rating and a $275.00 target price on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nova presently has a consensus rating of “Moderate Buy” and an average target price of $238.33.

Nova Stock Up 1.4 %

NASDAQ NVMI opened at $232.38 on Thursday. The company has a market cap of $6.75 billion, a PE ratio of 43.35, a price-to-earnings-growth ratio of 2.10 and a beta of 1.42. Nova Ltd. has a 52 week low of $142.53 and a 52 week high of $266.13. The firm’s 50-day simple moving average is $205.46 and its two-hundred day simple moving average is $204.13.

Nova 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.