Teacher Retirement System of Texas Makes New $1.38 Million Investment in Nova Ltd. $NVMI

Teacher Retirement System of Texas purchased a new position in shares of Nova Ltd. (NASDAQ:NVMI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,302 shares of the semiconductor company’s stock, valued at approximately $1,375,000.

Several other hedge funds also recently modified their holdings of NVMI. Farther Finance Advisors LLC boosted its stake in Nova by 13.8% during the second quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 37 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Nova by 3.2% in the third 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 in the last quarter. Bank Hapoalim BM raised its holdings in shares of Nova by 5.1% during the third quarter. Bank Hapoalim BM now owns 910 shares of the semiconductor company’s stock valued at $291,000 after purchasing an additional 44 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Nova by 51.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 56 shares in the last quarter. Finally, SkyOak Wealth LLC grew its stake in shares of Nova by 5.2% in the 3rd quarter. SkyOak Wealth LLC now owns 1,130 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 56 shares during the period. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Benchmark upped their price target on Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nova in a research report on Monday, December 22nd. Evercore ISI increased their target price on Nova from $290.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Morgan Stanley started coverage on shares of Nova in a research report on Monday, December 1st. They issued an “equal weight” rating and a $335.00 price target for the company. Finally, Bank of America upped their target price on shares of Nova from $380.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Nova has an average rating of “Moderate Buy” and an average target price of $348.57.

Nova Stock Performance

NASDAQ NVMI opened at $457.84 on Monday. The company has a fifty day moving average price of $367.71 and a 200-day moving average price of $319.92. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 59.85, a PEG ratio of 2.76 and a beta of 1.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.58 and a quick ratio of 4.00. Nova Ltd. has a 1 year low of $153.99 and a 1 year high of $507.27.

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.