abrdn plc Has $25.84 Million Stock Holdings in Nova Ltd. (NASDAQ:NVMI)

abrdn plc trimmed its holdings in Nova Ltd. (NASDAQ:NVMI) by 24.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,041 shares of the semiconductor company’s stock after selling 41,729 shares during the quarter. abrdn plc owned about 0.45% of Nova worth $25,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVMI. Quarry LP lifted its stake in shares of Nova by 438.5% in the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 114 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Nova by 89.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 78 shares during the period. Signaturefd LLC raised its stake in Nova by 31.4% during the 3rd quarter. Signaturefd LLC now owns 1,008 shares of the semiconductor company’s stock worth $210,000 after buying an additional 241 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Nova during the 2nd quarter worth approximately $211,000. Finally, Blue Trust Inc. raised its stake in Nova by 14.6% during the 3rd quarter. Blue Trust Inc. now owns 1,202 shares of the semiconductor company’s stock worth $250,000 after buying an additional 153 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NVMI shares. Cantor Fitzgerald started coverage on Nova in a research note on Monday, January 13th. They set an “overweight” rating and a $275.00 price target on the stock. Citigroup raised Nova from a “neutral” rating to a “buy” rating and upped their price target for the stock from $226.00 to $240.00 in a research note on Monday, January 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research note on Friday, November 8th. Finally, Benchmark upped their price target on Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.33.

Nova Stock Performance

Shares of NVMI opened at $248.60 on Thursday. The stock has a 50 day moving average price of $211.84 and a two-hundred day moving average price of $204.84. The firm has a market capitalization of $7.22 billion, a P/E ratio of 46.38, a P/E/G ratio of 2.00 and a beta of 1.44. Nova Ltd. has a 52 week low of $144.64 and a 52 week high of $266.13.

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.