Nova (NASDAQ:NVMI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Nova (NASDAQ:NVMI – Get Rating) in a research note published on Thursday morning. The brokerage issued a hold rating on the semiconductor company’s stock.

NVMI has been the subject of a number of other reports. Benchmark raised their target price on shares of Nova from $100.00 to $106.00 and gave the company a buy rating in a report on Thursday, February 16th. Needham & Company LLC raised their target price on shares of Nova from $90.00 to $110.00 and gave the company a buy rating in a report on Tuesday, February 14th.

Nova Trading Down 0.3 %

NVMI stock opened at $99.91 on Thursday. The firm has a fifty day moving average price of $92.53 and a 200 day moving average price of $87.47. Nova has a fifty-two week low of $67.40 and a fifty-two week high of $120.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.70 and a current ratio of 4.57. The firm has a market cap of $2.87 billion, a PE ratio of 22.71 and a beta of 1.24.

Institutional Trading of Nova

A number of institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. lifted its position in Nova by 4.1% in the fourth quarter. Alliancebernstein L.P. now owns 4,227 shares of the semiconductor company’s stock worth $345,000 after buying an additional 167 shares during the last quarter. State of Tennessee Treasury Department lifted its position in shares of Nova by 20.8% during the fourth quarter. State of Tennessee Treasury Department now owns 77,702 shares of the semiconductor company’s stock worth $6,348,000 after purchasing an additional 13,354 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Nova during the fourth quarter worth $249,000. Summit Partners Public Asset Management LLC bought a new stake in shares of Nova during the fourth quarter worth $1,413,000. Finally, Millennium Management LLC lifted its position in shares of Nova by 262.1% during the fourth quarter. Millennium Management LLC now owns 230,497 shares of the semiconductor company’s stock worth $18,827,000 after purchasing an additional 166,836 shares during the last quarter. 70.02% of the stock is currently owned by institutional investors.

About Nova

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Nova Ltd. engages in the provision of metrology solutions for the semiconductor manufacturing industry. Its products and services include dimensional metrology, in-line materials and chemical metrology for semiconductor manufacturing and software solutions. The company was founded by Giora Dishon and Moshe Finarov in May 1993 and is headquartered in Rehovot, Israel.