Needham & Company LLC Lowers Nova (NASDAQ:NVMI) Price Target to $570.00

Posted by Geri Gentry on Aug 7th, 2026

Nova (NASDAQ:NVMI – Get Free Report) had its target price cut by stock analysts at Needham & Company LLC from $640.00 to $570.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 44.90% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Morgan Stanley raised their price objective on shares of Nova from $494.00 to $540.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Barclays upped their target price on shares of Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Citigroup increased their target price on Nova from $520.00 to $595.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wall Street Zen upgraded Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Evercore reaffirmed an “outperform” rating and set a $600.00 price target on shares of Nova in a research note on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $533.33.

View Our Latest Research Report on NVMI

Nova Trading Up 3.2%

NVMI stock opened at $393.37 on Friday. The company’s 50 day moving average is $482.75 and its 200 day moving average is $476.29. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 49.02, a price-to-earnings-growth ratio of 2.91 and a beta of 1.78. Nova has a 1-year low of $232.73 and a 1-year high of $615.99.

Nova (NASDAQ:NVMI – Get Free Report) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.10. Nova had a net margin of 29.21% and a return on equity of 21.77%. The business had revenue of $254.96 million during the quarter, compared to analyst estimates of $250.33 million. During the same period in the previous year, the business posted $2.20 earnings per share. Nova’s revenue for the quarter was up 15.9% on a year-over-year basis. Nova has set its Q3 2026 guidance at 2.700-2.850 EPS. As a group, sell-side analysts forecast that Nova will post 9.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Sarit Sagiv sold 454 shares of Nova stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $536.52, for a total value of $243,580.08. Following the transaction, the director directly owned 1,951 shares of the company’s stock, valued at $1,046,750.52. The trade was a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eitan Oppenhaim sold 1,504 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $519.48, for a total transaction of $781,297.92. Following the sale, the director owned 6,668 shares of the company’s stock, valued at $3,463,892.64. This 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 sold 7,798 shares of company stock valued at $4,125,266 over the last quarter. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Nova

Hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 valued at $12,664,000 after acquiring an additional 6,804 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in 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 acquiring an additional 98,000 shares in the last quarter. Phoenix Financial Ltd. boosted its holdings in Nova by 286.3% in the fourth quarter. Phoenix Financial Ltd. now owns 508,641 shares of the semiconductor company’s stock valued at $167,115,000 after acquiring an additional 376,974 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in Nova during the 4th quarter valued at $14,056,000. Finally, Legal & General Group Plc increased its position in Nova by 19.1% during the 4th quarter. Legal & General Group Plc now owns 145,427 shares of the semiconductor company’s stock valued at $48,642,000 after purchasing an additional 23,280 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Company Profile

(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.