Nova (NASDAQ:NVMI) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Nova (NASDAQ:NVMI – Get Rating) in a research report released on Thursday. The firm issued a hold rating on the semiconductor company’s stock.

Several other research firms also recently weighed in on NVMI. Needham & Company LLC lifted their price objective on Nova from $90.00 to $110.00 and gave the company a buy rating in a report on Tuesday, February 14th. Benchmark lifted their target price on Nova from $100.00 to $106.00 and gave the company a buy rating in a research note on Thursday, February 16th.

Nova Stock Performance

NVMI stock opened at $99.91 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 3.70. The business has a 50-day moving average price of $92.53 and a 200 day moving average price of $87.47. The company has a market capitalization of $2.87 billion, a P/E ratio of 22.71 and a beta of 1.24. Nova has a 1-year low of $67.40 and a 1-year high of $120.00.

Hedge Funds Weigh In On Nova

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd purchased a new position in Nova in the fourth quarter valued at about $31,000. Quadrant Capital Group LLC grew its stake in shares of Nova by 184.2% during the second quarter. Quadrant Capital Group LLC now owns 557 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 361 shares during the last quarter. Castleview Partners LLC purchased a new stake in shares of Nova during the second quarter worth about $62,000. Tower Research Capital LLC TRC grew its stake in shares of Nova by 109.0% during the third quarter. Tower Research Capital LLC TRC now owns 788 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 411 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Nova during the third quarter worth about $3,563,000. Hedge funds and other institutional investors own 70.02% of the company’s stock.

Nova Company Profile

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Nova Ltd. engages in the provision of metrology solutions for the semiconductor manufacturing industry. Its products and services include dimensional metrology, in-line materials and chemical metrology for semiconductor manufacturing and software solutions. The company was founded by Giora Dishon and Moshe Finarov in May 1993 and is headquartered in Rehovot, Israel.