Barclays PLC Sells 26,801 Shares of Nova Ltd. (NASDAQ:NVMI)

Barclays PLC trimmed its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 81.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,259 shares of the semiconductor company's stock after selling 26,801 shares during the quarter. Barclays PLC's holdings in Nova were worth $1,304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP grew 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 period. Advisors Asset Management Inc. lifted its position in Nova by 89.7% during the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 78 shares in the last quarter. Employees Retirement System of Texas bought a new stake in Nova during the second quarter valued at about $68,000. Signaturefd LLC grew its holdings in Nova by 15.9% during the second quarter. Signaturefd LLC now owns 767 shares of the semiconductor company's stock valued at $180,000 after purchasing an additional 105 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in Nova in the second quarter worth about $211,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVMI has been the subject of a number of recent research reports. Citigroup downgraded Nova from a "buy" rating to a "neutral" rating and cut their price objective for the company from $273.00 to $224.00 in a research note on Monday, September 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a report on Friday, November 8th. Finally, Benchmark increased their price objective 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $227.80.

Nova Stock Performance

NVMI traded down $2.39 during trading on Friday, reaching $200.05. 83,371 shares of the company traded hands, compared to its average volume of 188,967. The company has a market cap of $5.81 billion, a P/E ratio of 37.32, a PEG ratio of 1.78 and a beta of 1.44. Nova Ltd. has a 12-month low of $128.74 and a 12-month high of $247.21. The firm has a fifty day simple moving average of $189.09 and a 200 day simple moving average of $205.72.

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.