Quadrature Capital Ltd Takes Position in Nova Ltd. (NASDAQ:NVMI)

Quadrature Capital Ltd bought a new stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,642 shares of the semiconductor company's stock, valued at approximately $967,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. OLD National Bancorp IN bought a new stake in shares of Nova in the second quarter worth $205,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Nova in the 2nd quarter worth approximately $232,000. FSC Wealth Advisors LLC purchased a new position in shares of Nova in the second quarter worth approximately $79,000. Assenagon Asset Management S.A. grew its position in Nova by 84.9% during the second quarter. Assenagon Asset Management S.A. now owns 128,854 shares of the semiconductor company's stock valued at $30,236,000 after buying an additional 59,164 shares during the period. Finally, Perfromance Wealth Partners LLC increased its holdings in Nova by 48.6% during the second quarter. Perfromance Wealth Partners LLC now owns 3,715 shares of the semiconductor company's stock valued at $871,000 after buying an additional 1,215 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Nova Trading Up 5.0 %

Shares of NASDAQ:NVMI traded up $9.29 during midday trading on Friday, reaching $195.18. 259,277 shares of the company were exchanged, compared to its average volume of 240,410. The stock has a market cap of $5.67 billion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.44. Nova Ltd. has a one year low of $124.42 and a one year high of $247.21. The business's fifty day moving average is $191.00 and its two-hundred day moving average is $207.95.

Wall Street Analysts Forecast Growth

NVMI has been the topic of a number of recent research reports. Citigroup cut Nova from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $273.00 to $224.00 in a report on Monday, September 16th. Benchmark increased their target price on shares of Nova from $240.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Nova in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.