Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Nova Ltd. (NASDAQ:NVMI – Free Report) by 0.1% during the first quarter, HoldingsChannel reports. The firm owned 1,205,865 shares of the semiconductor company’s stock after purchasing an additional 1,718 shares during the quarter. Nova accounts for about 3.1% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 8th biggest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Nova were worth $522,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in NVMI. Smartleaf Asset Management LLC purchased a new position in shares of Nova in the 4th quarter worth about $29,000. Measured Wealth Private Client Group LLC purchased a new stake in Nova during the third quarter worth about $40,000. CIBC Private Wealth Group LLC increased its holdings in Nova by 75.7% during the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after buying an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Nova by 2,042.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 143 shares during the period. Finally, TD Private Client Wealth LLC bought a new stake in Nova in the fourth quarter worth about $74,000. 82.99% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Needham & Company LLC raised their price target on shares of Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings cut shares of Nova from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Barclays upped their price objective on Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Finally, Evercore reissued an “outperform” rating and set a $600.00 price objective on shares of Nova in a report on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $556.67.
Insider Buying and Selling at Nova
In other news, Director Yaniv Garty sold 366 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $581.20, for a total value of $212,719.20. Following the sale, the director owned 2,006 shares of the company’s stock, valued at $1,165,887.20. The trade was a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gabriel Waisman sold 2,966 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $501.30, for a total transaction of $1,486,855.80. Following the sale, the chief executive officer owned 28,714 shares in the company, valued at $14,394,328.20. The trade was a 9.36% 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. In the last ninety days, insiders sold 7,798 shares of company stock worth $4,125,266. 1.00% of the stock is currently owned by company insiders.
Nova Stock Performance
Shares of NVMI opened at $453.10 on Wednesday. Nova Ltd. has a fifty-two week low of $232.73 and a fifty-two week high of $615.99. The business has a 50-day moving average of $505.74 and a 200 day moving average of $474.73. The firm has a market cap of $14.40 billion, a P/E ratio of 56.50, a price-to-earnings-growth ratio of 3.14 and a beta of 1.74.
Nova (NASDAQ:NVMI – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. The business had revenue of $235.31 million for the quarter, compared to the consensus estimate of $227.02 million. Nova had a net margin of 29.21% and a return on equity of 21.77%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, research analysts predict that Nova Ltd. will post 9.46 earnings per share for the current fiscal year.
About Nova
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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