Quadrature Capital Ltd Acquires Shares of 4,642 Nova Ltd. (NASDAQ:NVMI)

Quadrature Capital Ltd bought a new position in shares of Nova Ltd. (NASDAQ:NVMI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,642 shares of the semiconductor company’s stock, valued at approximately $967,000.

Other institutional investors also recently modified their holdings of the company. Quarry LP increased its stake in Nova by 438.5% during the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 114 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of 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 in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Nova in the 2nd quarter worth about $68,000. FSC Wealth Advisors LLC bought a new position in Nova in the 2nd quarter valued at about $79,000. Finally, Signaturefd LLC boosted its stake in 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 purchasing an additional 105 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Nova Stock Up 5.0 %

Nova stock opened at $195.18 on Friday. The stock has a market cap of $5.67 billion, a P/E ratio of 36.41, a P/E/G ratio of 1.79 and a beta of 1.44. The company’s 50 day moving average price is $191.00 and its two-hundred day moving average price is $207.95. Nova Ltd. has a 52 week low of $124.42 and a 52 week high of $247.21.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NVMI shares. Citigroup downgraded Nova from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $273.00 to $224.00 in a research note on Monday, September 16th. Needham & Company LLC reiterated a “hold” rating on shares of Nova in a report on Friday, November 8th. Finally, Benchmark raised their price objective on Nova from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 8th. 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, the company has an average rating of “Moderate Buy” and an average target price of $227.80.

Nova Company 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.