Virtu Financial LLC Acquires 739 Shares of Nova Ltd. (NASDAQ:NVMI)

Virtu Financial LLC grew its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 33.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,938 shares of the semiconductor company’s stock after buying an additional 739 shares during the quarter. Virtu Financial LLC’s holdings in Nova were worth $612,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quarry LP increased its position in shares of 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. Advisors Asset Management Inc. grew its stake in Nova by 89.7% in 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 acquired a new position in shares of Nova during the 2nd quarter worth approximately $68,000. Signaturefd LLC raised its stake in shares of Nova by 15.9% during the 2nd quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock worth $180,000 after purchasing an additional 105 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Nova in the 2nd quarter valued at approximately $211,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Price Performance

Shares of Nova stock opened at $188.33 on Friday. The business has a fifty day simple moving average of $190.01 and a two-hundred day simple moving average of $207.21. Nova Ltd. has a 1 year low of $128.74 and a 1 year high of $247.21. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 1.81 and a beta of 1.44.

Analyst Ratings Changes

NVMI has been the topic of a number of recent analyst reports. Benchmark boosted 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. Needham & Company LLC restated a “hold” rating on shares of Nova in a research note on Friday, November 8th. Finally, Citigroup cut shares of Nova from a “buy” rating to a “neutral” rating and dropped their target price for the company from $273.00 to $224.00 in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.