Lazard Asset Management LLC Buys 472 Shares of Nova Ltd. (NASDAQ:NVMI)

Lazard Asset Management LLC boosted its stake in Nova Ltd. (NASDAQ:NVMIGet Rating) by 15.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,441 shares of the semiconductor company’s stock after purchasing an additional 472 shares during the quarter. Lazard Asset Management LLC’s holdings in Nova were worth $304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in Nova in the second quarter valued at about $30,000. MQS Management LLC bought a new stake in Nova in the first quarter valued at about $208,000. Prelude Capital Management LLC bought a new stake in Nova in the first quarter valued at about $230,000. Keebeck Alpha LP bought a new stake in shares of Nova in the first quarter worth about $290,000. Finally, Aubrey Capital Management Ltd bought a new stake in shares of Nova in the first quarter worth about $316,000. Institutional investors own 68.37% of the company’s stock.

Nova Stock Down 0.3 %

NASDAQ:NVMI opened at $86.30 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.82 and a current ratio of 4.80. The company has a market cap of $2.48 billion, a PE ratio of 21.63, a PEG ratio of 4.09 and a beta of 1.18. Nova Ltd. has a 52-week low of $67.40 and a 52-week high of $149.15. The stock has a 50-day simple moving average of $82.94 and a 200 day simple moving average of $93.74.

Wall Street Analyst Weigh In

NVMI has been the subject of several recent analyst reports. Citigroup lowered their price target on Nova to $123.00 in a report on Sunday, November 13th. StockNews.com initiated coverage on Nova in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Needham & Company LLC increased their price target on Nova from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, November 4th. Benchmark decreased their price objective on Nova from $146.00 to $140.00 in a report on Tuesday, August 9th. Finally, Bank of America decreased their price objective on Nova from $130.00 to $107.00 and set a “buy” rating for the company in a report on Friday, October 7th.

Nova Profile

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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.

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Institutional Ownership by Quarter for Nova (NASDAQ:NVMI)

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