Nova Ltd. (NASDAQ:NVMI) Shares Sold by Fmr LLC

Fmr LLC cut its holdings in Nova Ltd. (NASDAQ:NVMI) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,889,354 shares of the semiconductor company’s stock after selling 15,057 shares during the period. Fmr LLC owned about 0.10% of Nova worth $601,998,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in shares of Nova by 89.7% in the 3rd 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 purchased a new stake in shares of Nova in the 2nd quarter worth about $68,000. FSC Wealth Advisors LLC purchased a new stake in shares of Nova in the 2nd quarter worth about $79,000. Signaturefd LLC boosted its position in shares of Nova by 15.9% in the 2nd quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock worth $180,000 after buying an additional 105 shares in the last quarter. Finally, OLD National Bancorp IN purchased a new stake in shares of Nova in the 2nd quarter worth about $205,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Nova Trading Down 1.2 %

NASDAQ:NVMI opened at $172.39 on Friday. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 1.66 and a beta of 1.47. The company’s 50-day moving average is $192.84 and its two-hundred day moving average is $208.31. Nova Ltd. has a 12-month low of $123.44 and a 12-month high of $247.21.

Wall Street Analyst Weigh In

NVMI has been the topic of several recent research reports. Benchmark boosted their price objective on shares of Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Nova in a report on Friday, November 8th. Finally, Citigroup lowered shares of Nova from a “buy” rating to a “neutral” rating and reduced their target price for the company from $273.00 to $224.00 in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Nova has a consensus rating of “Moderate Buy” and an average price target of $227.80.

About Nova

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.