Nova Ltd. (NASDAQ:NVMI) Shares Sold by Bamco Inc. NY

Bamco Inc. NY lowered its stake in Nova Ltd. (NASDAQ:NVMI - Free Report) by 23.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,452 shares of the semiconductor company's stock after selling 35,142 shares during the quarter. Bamco Inc. NY owned about 0.39% of Nova worth $23,637,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Nova by 235.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,641 shares of the semiconductor company's stock worth $1,558,000 after acquiring an additional 4,663 shares during the last quarter. OLD National Bancorp IN acquired a new stake in shares of Nova in the second quarter valued at $205,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Nova in the 2nd quarter valued at $232,000. FSC Wealth Advisors LLC purchased a new stake in shares of Nova in the 2nd quarter valued at $79,000. Finally, Assenagon Asset Management S.A. lifted its stake in Nova by 84.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 128,854 shares of the semiconductor company's stock worth $30,236,000 after acquiring an additional 59,164 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Nova Trading Up 0.7 %

Shares of Nova stock traded up $1.26 during trading on Tuesday, reaching $191.76. The company's stock had a trading volume of 35,273 shares, compared to its average volume of 190,439. The firm has a market cap of $5.57 billion, a PE ratio of 35.54, a P/E/G ratio of 1.73 and a beta of 1.44. The company has a 50-day moving average price of $192.29 and a two-hundred day moving average price of $208.31. Nova Ltd. has a fifty-two week low of $124.42 and a fifty-two week high of $247.21.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVMI. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a research note on Friday, November 8th. Citigroup lowered shares of Nova from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $273.00 to $224.00 in a report on Monday, September 16th. Finally, Benchmark boosted their target price on Nova from $240.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $227.80.

Nova Company Profile

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.