Needham Investment Management LLC Has $35.37 Million Holdings in Nova Ltd. (NASDAQ:NVMI)

Needham Investment Management LLC decreased its stake in Nova Ltd. (NASDAQ:NVMI) by 3.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 169,750 shares of the semiconductor company’s stock after selling 5,750 shares during the quarter. Nova makes up 2.7% of Needham Investment Management LLC’s holdings, making the stock its 5th largest holding. Needham Investment Management LLC’s holdings in Nova were worth $35,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in 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 acquiring an additional 78 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Nova in the second quarter valued at approximately $68,000. FSC Wealth Advisors LLC acquired a new stake in shares of Nova in the second quarter valued at approximately $79,000. Signaturefd LLC raised its position in shares of 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 buying an additional 105 shares in the last quarter. Finally, OLD National Bancorp IN acquired a new stake in shares of Nova in the second quarter valued at approximately $205,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Trading Down 0.2 %

Shares of NVMI traded down $0.34 on Tuesday, reaching $190.16. The company’s stock had a trading volume of 27,718 shares, compared to its average volume of 190,363. Nova Ltd. has a twelve month low of $124.42 and a twelve month high of $247.21. The stock has a market capitalization of $5.52 billion, a PE ratio of 35.54, a PEG ratio of 1.73 and a beta of 1.44. The firm has a fifty day moving average of $192.29 and a 200-day moving average of $208.31.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVMI shares. Citigroup cut shares of 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 research note on Monday, September 16th. Benchmark boosted their target price on shares of Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.