Nova Ltd. (NASDAQ:NVMI) Given Average Rating of “Moderate Buy” by Brokerages

Nova Ltd. (NASDAQ:NVMI) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $322.8571.

Several equities analysts recently issued reports on NVMI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Nova in a research report on Monday, December 22nd. Evercore ISI lifted their price target on shares of Nova from $290.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Jefferies Financial Group increased their price objective on shares of Nova from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Benchmark boosted their price objective on shares of Nova from $280.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Morgan Stanley initiated coverage on shares of Nova in a research note on Monday, December 1st. They issued an “equal weight” rating and a $335.00 target price for the company.

Nova Stock Up 4.9%

NASDAQ:NVMI opened at $394.07 on Friday. Nova has a 1 year low of $153.99 and a 1 year high of $398.40. The stock has a 50-day moving average price of $324.01 and a two-hundred day moving average price of $301.43. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 51.51, a PEG ratio of 2.38 and a beta of 1.84. The company has a current ratio of 4.58, a quick ratio of 4.00 and a debt-to-equity ratio of 0.62.

Institutional Investors Weigh In On Nova

Several institutional investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Nova in the third quarter valued at approximately $40,000. CIBC Private Wealth Group LLC raised its stake in Nova by 75.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 56 shares during the period. SBI Securities Co. Ltd. raised its stake in Nova by 51.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 56 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Nova by 2,042.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 143 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Nova by 182.7% during the second quarter. Parallel Advisors LLC now owns 212 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 137 shares during the period. Institutional investors own 82.99% of the company’s stock.

About Nova

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.