Munro Partners Purchases 9,445 Shares of Nova Ltd. $NVMI

Munro Partners boosted its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 65.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,930 shares of the semiconductor company’s stock after purchasing an additional 9,445 shares during the period. Munro Partners owned about 0.08% of Nova worth $7,649,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Amundi lifted its position in shares of Nova by 195.9% during the 1st quarter. Amundi now owns 24,063 shares of the semiconductor company’s stock worth $4,143,000 after buying an additional 15,930 shares during the last quarter. Plato Investment Management Ltd bought a new position in Nova in the first quarter valued at about $208,000. American Century Companies Inc. raised its stake in Nova by 9.6% during the second quarter. American Century Companies Inc. now owns 147,657 shares of the semiconductor company’s stock worth $40,635,000 after acquiring an additional 12,957 shares in the last quarter. Congress Asset Management Co. raised its stake in Nova by 2.7% during the third quarter. Congress Asset Management Co. now owns 286,076 shares of the semiconductor company’s stock worth $91,447,000 after acquiring an additional 7,438 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Nova by 33.0% in the second quarter. Cetera Investment Advisers now owns 6,662 shares of the semiconductor company’s stock worth $1,833,000 after acquiring an additional 1,653 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Stock Performance

Shares of Nova stock opened at $333.95 on Wednesday. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 43.65, a P/E/G ratio of 2.22 and a beta of 1.84. Nova Ltd. has a twelve month low of $153.99 and a twelve month high of $361.32. The company’s fifty day moving average is $320.20 and its 200 day moving average is $290.64. The company has a quick ratio of 4.00, a current ratio of 4.58 and a debt-to-equity ratio of 0.62.

Analyst Ratings Changes

Several brokerages recently issued reports on NVMI. Morgan Stanley assumed coverage on shares of Nova in a report on Monday, December 1st. They set an “equal weight” rating and a $335.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Nova in a research report on Monday. Evercore ISI boosted their target price on shares of Nova from $290.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Jefferies Financial Group upped their price target on shares of Nova from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Benchmark increased their price target on Nova from $280.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Nova presently has an average rating of “Moderate Buy” and a consensus target price of $322.86.

Nova Company Profile

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.