Raiffeisen Bank International AG boosted its holdings in shares of Nova Ltd. (NASDAQ:NVMI – Free Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,000 shares of the semiconductor company’s stock after buying an additional 4,000 shares during the quarter. Raiffeisen Bank International AG’s holdings in Nova were worth $18,818,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC increased its position in Nova by 119.8% during the fourth quarter. SG Americas Securities LLC now owns 4,360 shares of the semiconductor company’s stock worth $1,432,000 after buying an additional 2,376 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Nova by 21.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,565 shares of the semiconductor company’s stock worth $12,664,000 after buying an additional 6,804 shares during the last quarter. Citigroup Inc. increased its position in Nova by 2,128.7% during the third quarter. Citigroup Inc. now owns 128,641 shares of the semiconductor company’s stock worth $41,121,000 after buying an additional 122,869 shares during the last quarter. Vanguard Group Inc. increased its position in Nova by 0.9% during the third quarter. Vanguard Group Inc. now owns 1,113,762 shares of the semiconductor company’s stock worth $354,172,000 after buying an additional 10,441 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Nova by 7.0% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,493,657 shares of the semiconductor company’s stock valued at $490,502,000 after purchasing an additional 98,000 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on NVMI. Needham & Company LLC raised their price target on Nova from $500.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Citigroup raised their price target on Nova from $520.00 to $595.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Evercore reaffirmed an “outperform” rating and issued a $600.00 price target on shares of Nova in a research report on Friday, May 15th. Jefferies Financial Group raised their price target on Nova from $520.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen raised Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nova has an average rating of “Moderate Buy” and an average target price of $518.22.
Nova Stock Up 10.1%
NVMI stock opened at $559.62 on Friday. Nova Ltd. has a twelve month low of $217.50 and a twelve month high of $565.00. The company has a market cap of $17.78 billion, a PE ratio of 69.78, a price-to-earnings-growth ratio of 3.69 and a beta of 1.75. The business’s 50-day simple moving average is $504.73 and its 200 day simple moving average is $439.01.
Nova (NASDAQ:NVMI – Get Free Report) last released its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. Nova had a return on equity of 21.77% and a net margin of 29.21%.The business had revenue of $235.31 million for the quarter, compared to the consensus estimate of $227.02 million. During the same period last year, the business earned $2.18 earnings per share. The firm’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, equities research analysts anticipate that Nova Ltd. will post 9.44 EPS for the current year.
Insider Buying and Selling
In related news, Director Sarit Sagiv sold 426 shares of Nova stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $514.49, for a total transaction of $219,172.74. Following the sale, the director directly owned 2,437 shares of the company’s stock, valued at $1,253,812.13. This trade represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eitan Oppenhaim sold 1,504 shares of Nova stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $519.48, for a total value of $781,297.92. Following the sale, the director directly owned 6,668 shares in the company, valued at approximately $3,463,892.64. This trade represents a 18.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,411 shares of company stock valued at $1,243,018 over the last three months. 1.00% of the stock is owned by corporate insiders.
Nova Company Profile
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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