Nova (NASDAQ:NVMI) Price Target Raised to $640.00

Posted by on May 14th, 2026

Nova (NASDAQ:NVMI – Get Free Report) had its price target hoisted by stock analysts at Needham & Company LLC from $500.00 to $640.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective points to a potential upside of 14.64% from the company’s previous close.

A number of other research firms have also recently issued reports on NVMI. Evercore reaffirmed an “outperform” rating and issued a $485.00 price target on shares of Nova in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nova in a report on Friday, April 10th. Wall Street Zen cut shares of Nova from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Citigroup raised their price target on shares of Nova from $370.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Morgan Stanley reissued an “outperform” rating and set a $453.00 target price on shares of Nova in a report on Friday, February 13th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $464.22.

Read Our Latest Stock Report on NVMI

Nova Stock Up 10.8%

Shares of NASDAQ NVMI traded up $54.63 during midday trading on Thursday, reaching $558.28. 371,633 shares of the company’s stock traded hands, compared to its average volume of 384,253. The company has a quick ratio of 5.47, a current ratio of 6.28 and a debt-to-equity ratio of 0.56. The stock’s 50 day simple moving average is $477.37 and its 200-day simple moving average is $410.61. Nova has a one year low of $179.00 and a one year high of $565.00. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 69.60, a P/E/G ratio of 3.61 and a beta of 1.78.

Nova (NASDAQ:NVMI – Get Free Report) last posted its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Nova had a net margin of 29.44% and a return on equity of 22.90%. The company had revenue of $235.31 million during the quarter, compared to analysts’ expectations of $227.02 million. During the same quarter in the prior year, the company posted $2.18 earnings per share. Nova’s revenue for the quarter was up 10.3% compared to the same quarter last year. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, analysts predict that Nova will post 9.37 EPS for the current fiscal year.

Institutional Trading of Nova

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in shares of Nova by 9.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 280 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 24 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Nova by 2.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,124 shares of the semiconductor company’s stock valued at $488,000 after purchasing an additional 30 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Nova by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock valued at $375,000 after purchasing an additional 37 shares during the period. Signaturefd LLC grew its position in shares of Nova by 4.5% in the fourth quarter. Signaturefd LLC now owns 992 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 43 shares during the period. Finally, Bank Hapoalim BM grew its position in shares of Nova by 5.1% in the third quarter. Bank Hapoalim BM now owns 910 shares of the semiconductor company’s stock valued at $291,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

About Nova

(Get Free Report)

Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.

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