Penserra Capital Management LLC Acquires Shares of 1,599 Nova Ltd. $NVMI

Penserra Capital Management LLC acquired a new position in shares of Nova Ltd. (NASDAQ:NVMI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,599 shares of the semiconductor company’s stock, valued at approximately $511,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Nova by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock valued at $375,000 after purchasing an additional 37 shares during the period. Bank Hapoalim BM lifted its stake in Nova by 5.1% in the third quarter. Bank Hapoalim BM now owns 910 shares of the semiconductor company’s stock valued at $291,000 after buying an additional 44 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Nova by 1.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,947 shares of the semiconductor company’s stock valued at $1,581,000 after acquiring an additional 51 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Nova by 51.9% in the second 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. Finally, SkyOak Wealth LLC grew its position in shares of Nova by 5.2% during the third quarter. SkyOak Wealth LLC now owns 1,130 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Trading Up 7.7%

Shares of Nova stock opened at $459.48 on Monday. Nova Ltd. has a 52-week low of $153.99 and a 52-week high of $507.27. The company has a quick ratio of 4.00, a current ratio of 4.58 and a debt-to-equity ratio of 0.62. The company’s 50-day simple moving average is $381.20 and its 200-day simple moving average is $325.68. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of 60.06, a price-to-earnings-growth ratio of 2.77 and a beta of 1.84.

Analysts Set New Price Targets

NVMI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Nova in a research note on Monday, December 22nd. Jefferies Financial Group upped their target price on shares of Nova from $360.00 to $390.00 and gave the company a “buy” rating in a report on Monday, December 15th. Benchmark increased their target price on shares of Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Morgan Stanley started coverage on Nova in a research report on Monday, December 1st. They issued an “equal weight” rating and a $335.00 price target on the stock. Finally, Bank of America upped their price objective on Nova from $380.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $348.57.

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.