Advisors Asset Management Inc. Has $34,000 Holdings in Nova Ltd. (NASDAQ:NVMI)

Advisors Asset Management Inc. grew its position in Nova Ltd. (NASDAQ:NVMI) by 89.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 165 shares of the semiconductor company’s stock after acquiring an additional 78 shares during the period. Advisors Asset Management Inc.’s holdings in Nova were worth $34,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVMI. Employees Retirement System of Texas acquired a new stake in shares of Nova during the second quarter valued at about $68,000. FSC Wealth Advisors LLC bought a new stake in Nova during the 2nd quarter worth approximately $79,000. Signaturefd LLC increased its position 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 acquiring an additional 105 shares during the period. OLD National Bancorp IN acquired a new position in shares of Nova during the second quarter worth $205,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Nova during the second quarter worth $211,000. Institutional investors own 82.99% of the company’s stock.

Nova Stock Performance

Nova stock opened at $183.76 on Friday. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 1.63 and a beta of 1.47. Nova Ltd. has a 52-week low of $124.42 and a 52-week high of $247.21. The stock’s 50 day moving average price is $192.51 and its two-hundred day moving average price is $208.30.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Nova in a report on Friday, November 8th. Citigroup cut Nova from a “buy” rating to a “neutral” rating and decreased their price target for the company from $273.00 to $224.00 in a research note on Monday, September 16th. Finally, Benchmark upped their target price on Nova from $240.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.