Truvestments Capital LLC Has $1.03 Million Position in Nova Ltd. (NASDAQ:NVMI)

Truvestments Capital LLC boosted its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 17.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,948 shares of the semiconductor company’s stock after buying an additional 753 shares during the quarter. Truvestments Capital LLC’s holdings in Nova were worth $1,031,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in shares of Nova by 89.7% in 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 in the last quarter. Employees Retirement System of Texas bought a new stake in shares of Nova in the 2nd quarter valued at about $68,000. FSC Wealth Advisors LLC bought a new stake in shares of Nova in the 2nd quarter valued at about $79,000. Signaturefd LLC lifted its stake in Nova by 15.9% in 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. Finally, Russell Investments Group Ltd. grew its holdings in Nova by 46.2% during the first quarter. Russell Investments Group Ltd. now owns 1,038 shares of the semiconductor company’s stock worth $184,000 after purchasing an additional 328 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Nova Trading Down 0.1 %

NASDAQ:NVMI opened at $179.58 on Monday. The stock has a 50 day simple moving average of $194.56 and a 200 day simple moving average of $209.07. Nova Ltd. has a 1-year low of $123.44 and a 1-year high of $247.21. The stock has a market cap of $5.22 billion, a P/E ratio of 33.54, a PEG ratio of 1.70 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NVMI shares. Benchmark upped 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. Citigroup cut Nova from a “buy” rating to a “neutral” rating and dropped their price target for the company from $273.00 to $224.00 in a research note on Monday, September 16th. Finally, Needham & Company LLC reaffirmed 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $227.80.

About Nova

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.