Nova Ltd. (NASDAQ:NVMI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Nova Ltd. (NASDAQ:NVMI) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $556.6667.

A number of brokerages have issued reports on NVMI. Morgan Stanley increased their price target on Nova from $494.00 to $540.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Needham & Company LLC upped their price objective on Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Barclays increased their target price on Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Citigroup lifted 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. Finally, Jefferies Financial Group increased their price objective on shares of Nova from $520.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, May 14th.

Nova Stock Up 6.8%

NASDAQ:NVMI traded up $24.81 during trading hours on Thursday, hitting $391.72. 152,360 shares of the stock traded hands, compared to its average volume of 433,703. Nova has a 1 year low of $232.73 and a 1 year high of $615.99. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 48.76, a price-to-earnings-growth ratio of 2.91 and a beta of 1.74. The stock has a 50 day moving average price of $496.21 and a 200 day moving average price of $477.13.

Nova (NASDAQ:NVMI) last posted its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The business had revenue of $235.31 million during the quarter, compared to analyst estimates of $227.02 million. Nova had a net margin of 29.21% and a return on equity of 21.77%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Equities analysts forecast that Nova will post 9.46 earnings per share for the current fiscal year.

Insider Activity at Nova

In other news, CEO Gabriel Waisman sold 2,966 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $501.30, for a total transaction of $1,486,855.80. Following the completion of the transaction, the chief executive officer owned 28,714 shares in the company, valued at $14,394,328.20. This trade represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarit Sagiv sold 454 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $536.52, for a total value of $243,580.08. Following the completion of the sale, the director owned 1,951 shares in the company, valued at $1,046,750.52. This represents a 18.88% decrease in their ownership of the stock. 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 7,798 shares of company stock worth $4,125,266 in the last quarter. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP boosted its position in shares of Nova by 4.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock worth $605,701,000 after purchasing an additional 102,250 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Nova by 47.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,166,073 shares of the semiconductor company’s stock worth $940,683,000 after acquiring an additional 697,210 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Nova by 7.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,493,657 shares of the semiconductor company’s stock worth $490,502,000 after acquiring an additional 98,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Nova by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,128,957 shares of the semiconductor company’s stock worth $377,402,000 after acquiring an additional 15,195 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Nova by 4.4% during the fourth quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company’s stock valued at $208,293,000 after acquiring an additional 26,940 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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.