Tower View Wealth Management LLC cut its position in shares of Nova Ltd. (NASDAQ:NVMI – Free Report) by 18.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 14,256 shares of the semiconductor company’s stock after selling 3,144 shares during the period. Nova comprises approximately 3.2% of Tower View Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. Tower View Wealth Management LLC’s holdings in Nova were worth $6,191,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in NVMI. Davis Investment Partners LLC purchased a new stake in shares of Nova during the 1st quarter worth approximately $869,000. Banque Cantonale Vaudoise bought a new stake in Nova in the first quarter worth $191,000. Assenagon Asset Management S.A. raised its stake in Nova by 18.7% during the first quarter. Assenagon Asset Management S.A. now owns 90,955 shares of the semiconductor company’s stock valued at $39,075,000 after purchasing an additional 14,332 shares in the last quarter. Legal Advantage Investments Inc. bought a new position in Nova during the first quarter valued at $217,000. Finally, Hsbc Holdings PLC grew its stake in shares of Nova by 94.3% in the 4th quarter. Hsbc Holdings PLC now owns 27,115 shares of the semiconductor company’s stock worth $9,077,000 after buying an additional 13,160 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.
Insider Buying and Selling
In other news, Director Sarit Sagiv sold 454 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $536.52, for a total transaction of $243,580.08. Following the transaction, the director owned 1,951 shares of the company’s stock, valued at approximately $1,046,750.52. This represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yaniv Garty sold 366 shares of the company’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 transaction, the director directly owned 2,006 shares in the company, valued at approximately $1,165,887.20. This represents a 15.43% decrease in their position. 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 4,887 shares of company stock valued at $2,661,785 in the last ninety days. 1.00% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on Nova
Nova Stock Up 2.4%
NVMI stock opened at $534.24 on Friday. Nova Ltd. has a twelve month low of $232.73 and a twelve month high of $615.99. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 66.61, a price-to-earnings-growth ratio of 3.79 and a beta of 1.75. The firm’s fifty day simple moving average is $522.74 and its two-hundred day simple moving average is $456.56.
Nova (NASDAQ:NVMI – Get Free Report) last released its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.13. Nova had a net margin of 29.21% and a return on equity of 21.77%. The firm had revenue of $235.31 million during the quarter, compared to analyst estimates of $227.02 million. During the same quarter last year, the business earned $2.18 EPS. The business’s revenue was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, equities research analysts expect that Nova Ltd. will post 9.44 EPS for the current year.
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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