Stephens Inc. AR Invests $2.81 Million in Nova Ltd. (NASDAQ:NVMI)

Stephens Inc. AR acquired a new stake in shares of Nova Ltd. (NASDAQ:NVMI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 14,284 shares of the semiconductor company’s stock, valued at approximately $2,813,000.

A number of other large investors also recently modified their holdings of the company. Quarry LP boosted its position in Nova by 438.5% during the third quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 114 shares during the period. Advisors Asset Management Inc. boosted its holdings in Nova by 89.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 78 shares during the period. Signaturefd LLC boosted its holdings in Nova by 31.4% during the 3rd quarter. Signaturefd LLC now owns 1,008 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 241 shares during the period. The Manufacturers Life Insurance Company bought a new position in Nova during the 2nd quarter worth approximately $211,000. Finally, Blue Trust Inc. increased its stake in Nova by 14.6% in the 3rd quarter. Blue Trust Inc. now owns 1,202 shares of the semiconductor company’s stock worth $250,000 after purchasing an additional 153 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Nova Stock Performance

NVMI stock opened at $249.09 on Wednesday. Nova Ltd. has a fifty-two week low of $151.34 and a fifty-two week high of $266.13. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 46.47, a price-to-earnings-growth ratio of 2.07 and a beta of 1.44. The business’s 50 day moving average price is $217.60 and its two-hundred day moving average price is $206.05.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NVMI. Benchmark raised 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. Cantor Fitzgerald began coverage on shares of Nova in a report on Monday, January 13th. They issued an “overweight” rating and a $275.00 price target on the stock. Needham & Company LLC restated a “hold” rating on shares of Nova in a research report on Friday, November 8th. Finally, Citigroup upgraded shares of Nova from a “neutral” rating to a “buy” rating and increased their target price for the stock from $226.00 to $240.00 in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Nova currently has an average rating of “Moderate Buy” and an average target price of $238.33.

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.