PDT Partners LLC Invests $3.07 Million in Nova Ltd. (NASDAQ:NVMI)

PDT Partners LLC bought a new position in Nova Ltd. (NASDAQ:NVMI) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 14,726 shares of the semiconductor company’s stock, valued at approximately $3,068,000.

A number of other large investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Nova by 19.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,491 shares of the semiconductor company’s stock worth $2,616,000 after buying an additional 2,070 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of Nova by 10.5% in the 3rd quarter. Townsquare Capital LLC now owns 11,487 shares of the semiconductor company’s stock worth $2,393,000 after buying an additional 1,094 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Nova by 170.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,987 shares of the semiconductor company’s stock worth $4,581,000 after buying an additional 13,858 shares during the last quarter. Quantbot Technologies LP grew its holdings in Nova by 131.0% during the 3rd quarter. Quantbot Technologies LP now owns 13,540 shares of the semiconductor company’s stock valued at $2,821,000 after purchasing an additional 7,678 shares during the last quarter. Finally, Mirabella Financial Services LLP grew its holdings in Nova by 39.9% during the 3rd quarter. Mirabella Financial Services LLP now owns 4,652 shares of the semiconductor company’s stock valued at $921,000 after purchasing an additional 1,326 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Nova in a report on Friday, November 8th. Benchmark upped their price target on shares of Nova from $240.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Citigroup downgraded shares of Nova from a “buy” rating to a “neutral” rating and cut their price target for the company from $273.00 to $224.00 in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $227.80.

Nova Stock Performance

Shares of NVMI opened at $183.76 on Friday. The company has a 50 day moving average price of $192.51 and a 200-day moving average price of $208.24. Nova Ltd. has a fifty-two week low of $124.42 and a fifty-two week high of $247.21. The stock has a market capitalization of $5.34 billion, a PE ratio of 34.28, a PEG ratio of 1.63 and a beta of 1.47.

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.