Nova Ltd. (NASDAQ:NVMI) Shares Acquired by Royce & Associates LP

Royce & Associates LP increased its stake in Nova Ltd. (NASDAQ:NVMI) by 33.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,937 shares of the semiconductor company’s stock after acquiring an additional 37,089 shares during the period. Royce & Associates LP owned approximately 0.51% of Nova worth $30,613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Nova by 1.5% in the first quarter. Vanguard Group Inc. now owns 987,071 shares of the semiconductor company’s stock valued at $175,087,000 after buying an additional 14,115 shares in the last quarter. Tidal Investments LLC acquired a new stake in Nova in the first quarter valued at $2,589,000. Westfield Capital Management Co. LP acquired a new stake in Nova in the first quarter valued at $38,661,000. Capital World Investors raised its stake in Nova by 22.3% in the first quarter. Capital World Investors now owns 450,868 shares of the semiconductor company’s stock valued at $79,975,000 after buying an additional 82,322 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Nova by 29.5% in the third quarter. Assenagon Asset Management S.A. now owns 166,859 shares of the semiconductor company’s stock valued at $34,940,000 after buying an additional 38,005 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Stock Up 0.4 %

NASDAQ NVMI opened at $190.26 on Friday. Nova Ltd. has a 52-week low of $117.64 and a 52-week high of $247.21. The business’s 50-day moving average price is $197.51 and its 200 day moving average price is $208.68. The firm has a market cap of $5.53 billion, a P/E ratio of 35.50, a P/E/G ratio of 1.83 and a beta of 1.47.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NVMI. Needham & Company LLC reiterated a “hold” rating on shares of Nova in a research report on Friday, November 8th. Citigroup cut Nova from a “buy” rating to a “neutral” rating and cut their target price for the stock from $273.00 to $224.00 in a research report on Monday, September 16th. Finally, Benchmark lifted their target price on Nova from $240.00 to $245.00 and gave the stock 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’s stock. According to data from MarketBeat, Nova has a consensus rating of “Moderate Buy” and a consensus 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.