Nova Ltd. (NASDAQ:NVMI) Shares Sold by Barclays PLC

Barclays PLC reduced its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 81.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,259 shares of the semiconductor company's stock after selling 26,801 shares during the period. Barclays PLC's holdings in Nova were worth $1,304,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Evergreen Capital Management LLC grew its stake in Nova by 5.0% during the second quarter. Evergreen Capital Management LLC now owns 1,230 shares of the semiconductor company's stock valued at $288,000 after acquiring an additional 59 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Nova by 89.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 78 shares in the last quarter. Quarry LP boosted its position in shares of Nova by 438.5% during the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 114 shares during the last quarter. Morse Asset Management Inc increased its position in Nova by 3.2% in the third quarter. Morse Asset Management Inc now owns 4,030 shares of the semiconductor company's stock worth $840,000 after purchasing an additional 125 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Nova by 3.4% in the 2nd quarter. TD Asset Management Inc now owns 4,176 shares of the semiconductor company's stock worth $980,000 after buying an additional 136 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup upgraded shares of Nova from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $226.00 to $240.00 in a research report on Monday, January 6th. Benchmark upped their target price on shares of Nova from $240.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Cantor Fitzgerald started coverage on Nova in a report on Monday. They issued an "overweight" rating and a $275.00 target price for the company. Finally, Needham & Company LLC reissued a "hold" rating on shares of Nova in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Nova presently has an average rating of "Moderate Buy" and a consensus price target of $238.33.

Nova Trading Down 2.6 %

NASDAQ:NVMI opened at $212.09 on Monday. The company's 50 day moving average is $193.31 and its two-hundred day moving average is $203.89. Nova Ltd. has a twelve month low of $129.39 and a twelve month high of $247.21. The company has a market cap of $6.16 billion, a PE ratio of 39.57, a P/E/G ratio of 1.78 and a beta of 1.42.

Nova 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.