Top 5 Stocks to Buy According to Charles Montanaro’s Hedge Fund

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1. Nova Ltd. (NASDAQ:NVMI)

Montanaro Asset Management’s Stake Value: $38.3 million

Percentage of Montanaro Asset Management’s 13F Portfolio: 4.62%

Number of Hedge Fund Holders: 22

The stock price of small-cap Nova Ltd. (NASDAQ:NVMI) doubled in the past twelve months amid continued growth for process control systems. The company posted a record quarterly revenue of $112.7 million for the third quarter, up 62% year over year, thanks to an expanded product portfolio and new logistic penetration. The company anticipates record revenues for 2021 and expects to extend that momentum into 2022.   

Nova was in 22 hedge funds’ portfolios as of September, according to data tracked by Insider Monkey. Montanaro Asset Management and Renaissance Technologies were among the leading stakeholders in the company.

You can also take a look at 10 Pharmaceutical Stocks to Buy Under $20 According to Jeremy Green’s Redmile Group and 10 Dividend Stocks to Buy According to Hoon Kim’s Quantinno Capital.

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