Nova (NASDAQ:NVMI) Price Target Raised to $450.00

by · The Cerbat Gem

Nova (NASDAQ:NVMI – Get Free Report) had its price target upped by stock analysts at Bank of America from $380.00 to $450.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price objective points to a potential upside of 11.49% from the company’s previous close.

A number of other equities analysts also recently issued reports on NVMI. Jefferies Financial Group raised their price objective on Nova from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Benchmark raised their price target on shares of Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Evercore ISI boosted their price target on shares of Nova from $290.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Morgan Stanley assumed coverage on shares of Nova in a research note on Monday, December 1st. They issued an “equal weight” rating and a $335.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a research note on Monday, December 22nd. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Nova has an average rating of “Moderate Buy” and a consensus target price of $348.57.

Check Out Our Latest Stock Report on NVMI

Nova Stock Up 2.4%

Shares of NASDAQ:NVMI opened at $403.62 on Tuesday. The firm has a market cap of $11.87 billion, a P/E ratio of 52.76, a P/E/G ratio of 2.38 and a beta of 1.84. Nova has a 12-month low of $153.99 and a 12-month high of $406.98. The business has a fifty day simple moving average of $325.12 and a 200 day simple moving average of $302.71. The company has a quick ratio of 4.00, a current ratio of 4.58 and a debt-to-equity ratio of 0.62.

Institutional Trading of Nova

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVMI. Measured Wealth Private Client Group LLC purchased a new position in Nova during the 3rd quarter worth $40,000. CIBC Private Wealth Group LLC grew its position in Nova by 75.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 56 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in Nova by 51.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Nova by 2,042.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock worth $48,000 after buying an additional 143 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Nova by 182.7% in the 2nd quarter. Parallel Advisors LLC now owns 212 shares of the semiconductor company’s stock worth $58,000 after buying an additional 137 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Nova Company Profile

(Get Free Report)

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.

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