Clal Insurance Enterprises Holdings Ltd Has $272.52 Million Stock Holdings in Nova Ltd. (NASDAQ:NVMI)

Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,383,339 shares of the semiconductor company’s stock after buying an additional 101,470 shares during the period. Nova accounts for approximately 2.5% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 13th biggest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Nova were worth $272,517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NVMI. Van ECK Associates Corp lifted its position in Nova by 3.1% during the 3rd quarter. Van ECK Associates Corp now owns 7,604 shares of the semiconductor company’s stock worth $1,584,000 after buying an additional 226 shares in the last quarter. Olympiad Research LP acquired a new position in Nova during the 3rd quarter valued at about $617,000. TFB Advisors LLC lifted its position in Nova by 9.0% during the 3rd quarter. TFB Advisors LLC now owns 1,848 shares of the semiconductor company’s stock valued at $385,000 after purchasing an additional 152 shares during the period. Lifestyle Asset Management Inc. acquired a new position in Nova during the 3rd quarter valued at about $257,000. Finally, Assetmark Inc. lifted its position in Nova by 1.8% during the 3rd quarter. Assetmark Inc. now owns 36,113 shares of the semiconductor company’s stock valued at $7,524,000 after purchasing an additional 626 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Price Performance

Shares of NVMI stock opened at $239.18 on Friday. The stock has a market cap of $7.00 billion, a PE ratio of 41.67, a price-to-earnings-growth ratio of 2.55 and a beta of 1.44. The stock has a 50-day moving average of $236.33 and a 200-day moving average of $211.80. Nova Ltd. has a one year low of $158.00 and a one year high of $289.90.

Nova (NASDAQ:NVMI) last announced its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.04). The company had revenue of $194.77 million during the quarter, compared to the consensus estimate of $186.50 million. Nova had a net margin of 27.33% and a return on equity of 22.33%. As a group, research analysts anticipate that Nova Ltd. will post 7.52 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Benchmark upped their target price on shares of Nova from $245.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Nova in a research report on Friday, February 14th. Cantor Fitzgerald assumed coverage on shares of Nova in a research report on Monday, January 13th. They set an “overweight” rating and a $275.00 target price on the stock. Finally, Citigroup upgraded shares of Nova from a “neutral” rating to a “buy” rating and upped their target price for the company from $226.00 to $240.00 in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.67.

About Nova

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.