Bamco Inc. NY Sells 35,142 Shares of Nova Ltd. (NASDAQ:NVMI)

Bamco Inc. NY decreased its position in shares of Nova Ltd. (NASDAQ:NVMI) by 23.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 113,452 shares of the semiconductor company’s stock after selling 35,142 shares during the quarter. Bamco Inc. NY’s holdings in Nova were worth $23,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in Nova by 235.7% in the second quarter. Harbor Capital Advisors Inc. now owns 6,641 shares of the semiconductor company’s stock valued at $1,558,000 after acquiring an additional 4,663 shares during the last quarter. OLD National Bancorp IN acquired a new position in Nova during the 2nd quarter valued at about $205,000. Wealth Enhancement Advisory Services LLC acquired a new position in Nova during the 2nd quarter valued at about $232,000. FSC Wealth Advisors LLC bought a new position in shares of Nova in the 2nd quarter valued at about $79,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Nova by 84.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 128,854 shares of the semiconductor company’s stock worth $30,236,000 after buying an additional 59,164 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Nova Trading Up 3.7 %

Shares of Nova stock opened at $190.50 on Tuesday. Nova Ltd. has a 12 month low of $124.42 and a 12 month high of $247.21. The company has a market capitalization of $5.53 billion, a PE ratio of 35.54, a PEG ratio of 1.73 and a beta of 1.44. The stock’s fifty day simple moving average is $192.29 and its 200 day simple moving average is $208.31.

Analyst Ratings Changes

A number of brokerages have issued reports on NVMI. Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research note on Friday, November 8th. Citigroup lowered Nova from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $273.00 to $224.00 in a research report on Monday, September 16th. Finally, Benchmark upped their price objective on Nova from $240.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.