Nova Ltd. $NVMI Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers lifted its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 33.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,662 shares of the semiconductor company’s stock after buying an additional 1,653 shares during the period. Cetera Investment Advisers’ holdings in Nova were worth $1,833,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in Nova by 5.6% during the 2nd quarter. Creative Planning now owns 1,663 shares of the semiconductor company’s stock valued at $458,000 after acquiring an additional 88 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Nova by 0.6% during the second quarter. Geode Capital Management LLC now owns 24,860 shares of the semiconductor company’s stock valued at $6,841,000 after purchasing an additional 153 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Nova by 20.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,524 shares of the semiconductor company’s stock valued at $419,000 after purchasing an additional 255 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in shares of Nova by 1.8% during the second quarter. TimesSquare Capital Management LLC now owns 48,130 shares of the semiconductor company’s stock valued at $13,245,000 after purchasing an additional 860 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Nova by 51.9% in the second quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 56 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVMI has been the topic of several research analyst reports. Benchmark raised their target price on shares of Nova from $280.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Evercore ISI increased their price objective on shares of Nova from $290.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Nova in a research note on Monday, November 24th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Nova currently has a consensus rating of “Moderate Buy” and an average target price of $307.00.

Nova Trading Up 1.6%

NASDAQ:NVMI opened at $312.53 on Monday. The company has a 50-day moving average of $318.13 and a 200-day moving average of $275.97. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of 42.52, a price-to-earnings-growth ratio of 2.44 and a beta of 1.79. Nova Ltd. has a twelve month low of $153.99 and a twelve month high of $361.32.

Nova Profile

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.