UBS Group AG Has $2.70 Million Position in Nova Ltd. (NASDAQ:NVMI)

UBS Group AG grew its holdings in Nova Ltd. (NASDAQ:NVMI – Get Rating) by 124.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,677 shares of the semiconductor company’s stock after buying an additional 17,582 shares during the quarter. UBS Group AG owned 0.11% of Nova worth $2,702,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Quadrant Capital Group LLC increased its stake in Nova by 184.2% in the second quarter. Quadrant Capital Group LLC now owns 557 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 361 shares during the period. Castleview Partners LLC bought a new stake in shares of Nova in the 2nd quarter valued at approximately $62,000. Barclays PLC grew its stake in shares of Nova by 29.9% in the 3rd quarter. Barclays PLC now owns 1,551 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 357 shares during the period. Atlas Capital Advisors LLC bought a new position in shares of Nova during the 3rd quarter worth approximately $153,000. Finally, Prelude Capital Management LLC bought a new position in shares of Nova during the 1st quarter worth approximately $230,000. Institutional investors and hedge funds own 70.02% of the company’s stock.

Nova Price Performance

Nova stock opened at $92.51 on Monday. The business’s fifty day moving average is $89.82 and its two-hundred day moving average is $88.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.70 and a current ratio of 4.57. The firm has a market cap of $2.65 billion, a P/E ratio of 21.03 and a beta of 1.24. Nova Ltd. has a 52 week low of $67.40 and a 52 week high of $120.00.

Wall Street Analysts Forecast Growth

NVMI has been the subject of several recent analyst reports. Citigroup dropped their price objective on Nova to $123.00 in a research note on Sunday, November 13th. Benchmark increased their target price on shares of Nova from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Finally, Needham & Company LLC boosted their price target on shares of Nova from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th.

About Nova

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Nova Ltd. engages in the provision of metrology solutions for the semiconductor manufacturing industry. Its products and services include dimensional metrology, in-line materials and chemical metrology for semiconductor manufacturing and software solutions. The company was founded by Giora Dishon and Moshe Finarov in May 1993 and is headquartered in Rehovot, Israel.