Walleye Capital LLC Sells 14,312 Shares of Nova Ltd. (NASDAQ:NVMI)

Walleye Capital LLC reduced its stake in Nova Ltd. (NASDAQ:NVMIGet Rating) by 81.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,258 shares of the semiconductor company’s stock after selling 14,312 shares during the quarter. Walleye Capital LLC’s holdings in Nova were worth $288,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in Nova in the 2nd quarter valued at about $30,000. MQS Management LLC bought a new position in Nova in the 1st quarter valued at about $208,000. Prelude Capital Management LLC bought a new position in Nova in the 1st quarter valued at about $230,000. Brandywine Oak Private Wealth LLC raised its holdings in Nova by 36.3% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 2,247 shares of the semiconductor company’s stock valued at $244,000 after acquiring an additional 599 shares during the period. Finally, Keebeck Alpha LP bought a new position in Nova in the 1st quarter valued at about $290,000. 68.37% of the stock is owned by institutional investors.

Nova Stock Performance

NASDAQ NVMI opened at $86.30 on Friday. The company has a current ratio of 4.80, a quick ratio of 3.82 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 4.06 and a beta of 1.18. The firm’s 50 day simple moving average is $82.94 and its 200 day simple moving average is $93.79. Nova Ltd. has a 1 year low of $67.40 and a 1 year high of $149.15.

Analysts Set New Price Targets

NVMI has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of Nova in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup decreased their target price on shares of Nova to $123.00 in a research report on Sunday, November 13th. Bank of America decreased their target price on shares of Nova from $130.00 to $107.00 and set a “buy” rating on the stock in a research report on Friday, October 7th. Needham & Company LLC increased their target price on shares of Nova from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, November 4th. Finally, Benchmark decreased their target price on shares of Nova from $146.00 to $140.00 in a research report on Tuesday, August 9th.

About Nova

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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.

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Institutional Ownership by Quarter for Nova (NASDAQ:NVMI)

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