Two Sigma Advisers LP Increases Stock Holdings in Nova Ltd. (NASDAQ:NVMI)

Two Sigma Advisers LP raised its stake in Nova Ltd. (NASDAQ:NVMI - Free Report) by 121.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 145,100 shares of the semiconductor company's stock after acquiring an additional 79,700 shares during the quarter. Two Sigma Advisers LP owned about 0.50% of Nova worth $30,230,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC lifted its holdings in shares of Nova by 5.0% during the second quarter. Evergreen Capital Management LLC now owns 1,230 shares of the semiconductor company's stock worth $288,000 after purchasing an additional 59 shares during the period. Advisors Asset Management Inc. boosted its holdings in Nova by 89.7% during the third quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 78 shares during the last quarter. Signaturefd LLC boosted its stake in Nova by 15.9% in the second quarter. Signaturefd LLC now owns 767 shares of the semiconductor company's stock valued at $180,000 after acquiring an additional 105 shares during the last quarter. Quarry LP boosted its stake in Nova by 438.5% in the third 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. Finally, Morse Asset Management Inc raised its position in shares of Nova by 3.2% in the third quarter. Morse Asset Management Inc now owns 4,030 shares of the semiconductor company's stock valued at $840,000 after purchasing an additional 125 shares during the period. 82.99% of the stock is owned by institutional investors.

Nova Stock Up 5.0 %

NASDAQ NVMI traded up $9.29 during trading on Friday, hitting $195.18. The stock had a trading volume of 259,277 shares, compared to its average volume of 240,410. The company has a market capitalization of $5.67 billion, a PE ratio of 36.41, a PEG ratio of 1.79 and a beta of 1.44. The firm has a 50 day moving average price of $191.00 and a 200 day moving average price of $207.95. Nova Ltd. has a twelve month low of $124.42 and a twelve month high of $247.21.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup cut shares of 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 reissued a "hold" rating on shares of Nova in a report on Friday, November 8th. Finally, Benchmark lifted their price objective on shares of Nova from $240.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $227.80.

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.