Nova Ltd. (NASDAQ:NVMI) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in shares of Nova Ltd. (NASDAQ:NVMI) by 40.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,220 shares of the semiconductor company’s stock after selling 4,987 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Nova were worth $1,504,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Employees Retirement System of Texas bought a new position in shares of Nova during the 2nd quarter valued at about $68,000. FSC Wealth Advisors LLC acquired a new position in shares of Nova in the 2nd quarter worth $79,000. Signaturefd LLC grew its holdings in shares of Nova by 15.9% in the 2nd quarter. Signaturefd LLC now owns 767 shares of the semiconductor company’s stock worth $180,000 after acquiring an additional 105 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Nova by 46.2% during the first quarter. Russell Investments Group Ltd. now owns 1,038 shares of the semiconductor company’s stock valued at $184,000 after purchasing an additional 328 shares during the last quarter. Finally, OLD National Bancorp IN purchased a new stake in shares of Nova during the second quarter valued at $205,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVMI has been the topic of several recent analyst reports. Benchmark boosted their price objective on Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Citigroup downgraded shares of Nova from a “buy” rating to a “neutral” rating and reduced their price target for the company from $273.00 to $224.00 in a research report on Monday, September 16th. 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 assigned a buy rating to the company’s stock. According to MarketBeat, Nova presently has an average rating of “Moderate Buy” and a consensus target price of $227.80.

Nova Stock Down 6.1 %

Shares of NASDAQ:NVMI opened at $178.67 on Monday. The firm has a market capitalization of $5.19 billion, a P/E ratio of 33.33, a price-to-earnings-growth ratio of 1.73 and a beta of 1.47. Nova Ltd. has a 12-month low of $119.00 and a 12-month high of $247.21. The firm has a fifty day moving average of $196.95 and a two-hundred day moving average of $208.85.

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.