Wall Street Zen upgraded shares of Nova (NASDAQ:NVMI – Free Report) from a sell rating to a hold rating in a research note published on Saturday.
A number of other equities analysts have also recently weighed in on NVMI. Needham & Company LLC upped 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. Jefferies Financial Group upped their price target on shares of Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley set a $494.00 price target on shares of Nova in a research note on Thursday. Evercore reaffirmed an “outperform” rating and set a $600.00 price target on shares of Nova in a research note on Friday. Finally, Citigroup upped their price target on shares of Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research note on Friday. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $518.22.
View Our Latest Analysis on Nova
Nova Stock Down 8.4%
Nova (NASDAQ:NVMI – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The company had revenue of $235.31 million during 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 22.65%. Nova’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 EPS. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, analysts forecast that Nova will post 9.45 earnings per share for the current year.
Institutional Investors Weigh In On Nova
A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in Nova by 9.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 280 shares of the semiconductor company’s stock valued at $92,000 after acquiring an additional 24 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Nova by 2.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,124 shares of the semiconductor company’s stock valued at $488,000 after acquiring an additional 30 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Nova by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock valued at $375,000 after acquiring an additional 37 shares during the last quarter. Signaturefd LLC grew its stake in Nova by 4.5% in the 4th quarter. Signaturefd LLC now owns 992 shares of the semiconductor company’s stock valued at $326,000 after acquiring an additional 43 shares during the last quarter. Finally, Bank Hapoalim BM grew its stake in Nova by 5.1% in the 3rd quarter. Bank Hapoalim BM now owns 910 shares of the semiconductor company’s stock valued at $291,000 after acquiring an additional 44 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.
Nova News Roundup
Here are the key news stories impacting Nova this week:
- Positive Sentiment: Nova posted record Q1 2026 revenue of $235.3 million, beating its own guidance and analyst expectations, while EPS of $2.33 also came in ahead of estimates. Nova Reports Record First Quarter 2026 Financial Results
- Positive Sentiment: The company raised second-quarter 2026 guidance, with EPS and revenue outlooks both above consensus, signaling continued demand and momentum in its semiconductor metrology business. Nova earnings conference call and press release
- Positive Sentiment: Needham & Company lifted its price target on Nova to $640 from $500 and reiterated a buy rating, reinforcing bullish sentiment after the earnings beat. Needham price target raise
- Positive Sentiment: Shares also reached a new 52-week high after the earnings report, suggesting the market sees the results as a meaningful positive catalyst. Nova Sets New 52-Week High After Earnings Beat
- Neutral Sentiment: Nova announced its June 18 annual shareholder meeting, where investors will vote on board members, CEO pay, and auditor reappointment; this is routine corporate governance news. Annual meeting announcement
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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