Nova Ltd. (NASDAQ:NVMI) Shares Sold by Barclays PLC

Barclays PLC cut its stake in Nova Ltd. (NASDAQ:NVMI) by 81.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,259 shares of the semiconductor company’s stock after selling 26,801 shares during the period. Barclays PLC’s holdings in Nova were worth $1,304,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quarry LP raised its holdings in shares of Nova by 438.5% in the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 114 shares in the last quarter. Advisors Asset Management Inc. grew its position in Nova by 89.7% in 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 during the last quarter. Employees Retirement System of Texas bought a new position in shares of Nova in the second quarter valued at $68,000. Signaturefd LLC lifted its position in shares of Nova by 15.9% during the 2nd 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. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Nova during the 2nd quarter worth $211,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

NVMI has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research report on Friday, November 8th. Citigroup downgraded Nova from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $273.00 to $224.00 in a report on Monday, September 16th. Finally, Benchmark raised 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $227.80.

Nova Trading Down 1.2 %

Shares of NVMI stock opened at $200.05 on Friday. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 1.78 and a beta of 1.44. Nova Ltd. has a 1-year low of $128.74 and a 1-year high of $247.21. The stock’s fifty day simple moving average is $189.09 and its 200-day simple moving average is $205.92.

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.