Clal Insurance Enterprises Holdings Ltd Has $267.49 Million Stock Holdings in Nova Ltd. (NASDAQ:NVMI)

Clal Insurance Enterprises Holdings Ltd increased its position in Nova Ltd. (NASDAQ:NVMI) by 74.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,281,869 shares of the semiconductor company’s stock after purchasing an additional 547,833 shares during the quarter. Nova makes up 2.4% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 14th largest position. Clal Insurance Enterprises Holdings Ltd owned about 4.41% of Nova worth $267,487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVMI. Advisors Asset Management Inc. lifted its holdings in shares of Nova by 89.7% during the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock worth $34,000 after buying an additional 78 shares in the last quarter. LMR Partners LLP bought a new stake in Nova in the 3rd quarter valued at about $15,669,000. Royce & Associates LP grew its position in shares of Nova by 33.8% during the 3rd quarter. Royce & Associates LP now owns 146,937 shares of the semiconductor company’s stock worth $30,613,000 after purchasing an additional 37,089 shares in the last quarter. Aigen Investment Management LP increased its holdings in shares of Nova by 75.4% during the third quarter. Aigen Investment Management LP now owns 2,984 shares of the semiconductor company’s stock worth $622,000 after purchasing an additional 1,283 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Nova by 6.5% in the third 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 in the last quarter. Institutional investors own 82.99% of the company’s stock.

Nova Trading Up 0.0 %

Shares of NVMI stock opened at $179.76 on Friday. The business’s 50-day moving average price is $195.10 and its 200-day moving average price is $208.71. Nova Ltd. has a 12 month low of $123.44 and a 12 month high of $247.21. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 1.70 and a beta of 1.47.

Analyst Ratings Changes

A number of brokerages recently issued reports on NVMI. Needham & Company LLC reissued a “hold” rating on shares of Nova in a research report on Friday, November 8th. Benchmark lifted their target price on Nova from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Citigroup cut shares of Nova from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $273.00 to $224.00 in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.