Westfield Capital Management Co. LP cut its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 92.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,943 shares of the semiconductor company's stock after selling 166,891 shares during the period. Westfield Capital Management Co. LP's holdings in Nova were worth $2,697,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in shares of 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 buying an additional 78 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Nova during the second quarter worth $68,000. FSC Wealth Advisors LLC acquired a new position in shares of Nova during the second quarter worth $79,000. Signaturefd LLC increased its holdings 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 purchasing an additional 105 shares during the period. Finally, OLD National Bancorp IN acquired a new stake in Nova in the second quarter valued at $205,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
NVMI has been the subject of a number of recent research reports. Citigroup downgraded Nova from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $273.00 to $224.00 in a report on Monday, September 16th. Benchmark increased their price target on 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 reissued a "hold" rating on shares of Nova in a research 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. According to data from MarketBeat.com, Nova currently has an average rating of "Moderate Buy" and a consensus price target of $227.80.
Check Out Our Latest Analysis on Nova
Nova Trading Down 0.9 %
NASDAQ NVMI traded down $1.57 during trading hours on Tuesday, hitting $174.53. The company's stock had a trading volume of 136,356 shares, compared to its average volume of 190,697. Nova Ltd. has a 52 week low of $123.44 and a 52 week high of $247.21. The company has a market capitalization of $5.07 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 1.70 and a beta of 1.47. The company's 50-day simple moving average is $194.30 and its two-hundred day simple moving average is $208.95.
Nova Company Profile
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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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