Royce & Associates LP increased its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 33.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 146,937 shares of the semiconductor company's stock after acquiring an additional 37,089 shares during the period. Royce & Associates LP owned about 0.51% of Nova worth $30,613,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Employees Retirement System of Texas bought a new stake in shares of Nova during the second quarter worth $68,000. FSC Wealth Advisors LLC purchased a new stake in Nova in the 2nd quarter valued at about $79,000. Signaturefd LLC grew its stake in Nova by 15.9% in the 2nd quarter. Signaturefd LLC now owns 767 shares of the semiconductor company's stock worth $180,000 after acquiring an additional 105 shares in the last quarter. OLD National Bancorp IN purchased a new position in shares of Nova during the second quarter worth approximately $205,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Nova during the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 82.99% of the company's stock.
Analyst Ratings Changes
NVMI has been the topic of several research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Nova in a research note on Friday, November 8th. Citigroup cut Nova from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $273.00 to $224.00 in a report on Monday, September 16th. Finally, Benchmark raised their price target on Nova from $240.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Nova has a consensus rating of "Moderate Buy" and an average target price of $227.80.
Read Our Latest Stock Analysis on Nova
Nova Stock Performance
Nova stock traded down $11.59 during mid-day trading on Friday, reaching $178.67. 285,955 shares of the company were exchanged, compared to its average volume of 189,268. The firm has a market cap of $5.19 billion, a P/E ratio of 33.33, a PEG ratio of 1.83 and a beta of 1.47. The business has a fifty day moving average of $197.32 and a 200 day moving average of $208.55. Nova Ltd. has a 12-month low of $119.00 and a 12-month high of $247.21.
About Nova
(
Free Report)
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.
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