Tidal Investments LLC Raises Stake in Nova Ltd. (NASDAQ:NVMI)

Tidal Investments LLC grew its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,142 shares of the semiconductor company’s stock after acquiring an additional 661 shares during the quarter. Tidal Investments LLC’s holdings in Nova were worth $3,155,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP grew its holdings in shares of 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 during the last quarter. Advisors Asset Management Inc. grew its stake 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 valued at $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 during the second quarter valued at about $68,000. Signaturefd LLC increased its holdings in shares of Nova by 15.9% in the second quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock worth $180,000 after buying an additional 105 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Nova in the 2nd quarter valued at about $211,000. 82.99% of the stock is currently owned by institutional investors.

Nova Stock Down 0.6 %

Shares of Nova stock opened at $188.33 on Friday. The business has a 50 day moving average of $190.01 and a 200 day moving average of $207.21. Nova Ltd. has a 52 week low of $128.74 and a 52 week high of $247.21. The company has a market cap of $5.47 billion, a PE ratio of 35.14, a P/E/G ratio of 1.81 and a beta of 1.44.

Analysts Set New Price Targets

A number of brokerages have commented on NVMI. Citigroup cut Nova from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $273.00 to $224.00 in a research note on Monday, September 16th. Benchmark lifted 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 reissued a “hold” rating on shares of Nova in a research report on Friday, November 8th. Two investment 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 presently has an average rating of “Moderate Buy” and a consensus target price 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.