Nova (NASDAQ:NVMI) Posts Earnings Results, Beats Estimates By $0.10 EPS

Nova (NASDAQ:NVMI) announced its quarterly earnings results on Friday. The semiconductor company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.10, FiscalAI reports. Nova had a return on equity of 22.13% and a net margin of 28.84%.The company had revenue of $254.96 million during the quarter, compared to analysts’ expectations of $250.33 million. During the same period in the previous year, the business earned $2.20 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year.

Nova Trading Up 3.1%

Shares of NVMI traded up $11.70 during trading hours on Friday, reaching $393.02. 461,150 shares of the company’s stock traded hands, compared to its average volume of 589,066. Nova has a 12 month low of $232.73 and a 12 month high of $615.99. The stock has a market cap of $12.49 billion, a PE ratio of 48.64, a price-to-earnings-growth ratio of 2.76 and a beta of 1.78. The firm’s 50 day simple moving average is $480.56 and its 200-day simple moving average is $475.70.

Trending Headlines about Nova

Here are the key news stories impacting Nova this week:

• Positive Sentiment: Nova reported record second-quarter revenue of approximately $255.0 million, up 8% sequentially and 16% year over year. Earnings were $2.51 per share, exceeding the $2.41 consensus estimate and rising from $2.20 a year earlier. Nova Reports Record Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter guidance also surpassed expectations: Nova forecast EPS of $2.70–$2.85 versus the $2.64 analyst consensus, and revenue of $277 million–$287 million versus expectations of $276.7 million. This suggests continued demand for the company’s semiconductor measurement products. Nova Ltd. Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Needham lowered its price target to $570 from $640 but maintained a “Buy” rating, implying substantial upside from the current trading level. Benzinga
• Positive Sentiment: Cantor Fitzgerald reduced its target to $500 from $600 while retaining an “Overweight” rating, indicating analysts remain constructive despite more conservative valuations. Benzinga
• Neutral Sentiment: The target reductions may reflect valuation or broader semiconductor-sector caution. Nova trades at a relatively elevated earnings multiple, so further gains may depend on continued execution and delivery of its strong guidance.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley increased their price objective on Nova from $494.00 to $540.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Evercore set a $475.00 price target on Nova in a research report on Friday. Jefferies Financial Group reissued a “buy” rating and issued a $600.00 price target on shares of Nova in a report on Thursday. Weiss Ratings lowered shares of Nova from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Finally, Needham & Company LLC cut their price objective on shares of Nova from $640.00 to $570.00 and set a “buy” rating for the company in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Nova has an average rating of “Moderate Buy” and an average target price of $519.44.

Insider Activity at Nova

In other Nova news, Director Sarit Sagiv sold 454 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 1,951 shares of the company’s stock, valued at $1,046,750.52. The trade was a 18.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eitan Oppenhaim sold 1,504 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $519.48, for a total transaction of $781,297.92. Following the completion of the transaction, the director directly owned 6,668 shares of the company’s stock, valued at approximately $3,463,892.64. This represents a 18.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,798 shares of company stock valued at $4,125,266 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Nova

A number of hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC purchased a new position in Nova in the fourth quarter worth $29,000. Measured Wealth Private Client Group LLC bought a new position in Nova in the third quarter valued at $40,000. CIBC Private Wealth Group LLC increased its stake in Nova by 75.7% in the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Nova by 2,042.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 143 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Nova by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 128 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

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.