Nova Ltd. (NASDAQ:NVMI) Receives Average Rating of “Moderate Buy” from Analysts

Nova Ltd. (NASDAQ:NVMI) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $518.2222.

A number of analysts recently commented on the stock. Weiss Ratings upgraded shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Evercore restated an “outperform” rating and issued a $600.00 price objective on shares of Nova in a research report on Friday, May 15th. Zacks Research cut Nova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Needham & Company LLC increased their target price on Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, May 14th.

Nova Stock Down 9.1%

NVMI opened at $550.69 on Wednesday. Nova has a 12 month low of $224.00 and a 12 month high of $615.99. The company has a fifty day simple moving average of $512.91 and a 200 day simple moving average of $444.87. The stock has a market cap of $17.50 billion, a P/E ratio of 68.66, a P/E/G ratio of 4.39 and a beta of 1.75.

Nova (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Nova had a net margin of 29.21% and a return on equity of 21.77%. The business had revenue of $235.31 million during the quarter, compared to analysts’ expectations of $227.02 million. During the same quarter in the prior year, the company earned $2.18 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, equities research analysts expect that Nova will post 9.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Nova news, Director Yaniv Garty sold 426 shares of the 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 completion of the transaction, the director owned 2,038 shares in the company, valued at approximately $1,048,530.62. This represents a 17.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarit Sagiv sold 426 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $514.49, for a total value of $219,172.74. Following the transaction, the director owned 2,437 shares of the company’s stock, valued at approximately $1,253,812.13. This trade represents a 14.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 2,411 shares of company stock worth $1,243,018. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Nova

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Nova by 9.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 280 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 24 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Nova by 2.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,124 shares of the semiconductor company’s stock worth $488,000 after purchasing an additional 30 shares in the last quarter. Signaturefd LLC increased its holdings in Nova by 4.5% during the 4th quarter. Signaturefd LLC now owns 992 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 43 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Nova by 20.0% in the 1st quarter. Parallel Advisors LLC now owns 264 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 44 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Nova by 16.1% in the 4th quarter. Farther Finance Advisors LLC now owns 347 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

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.