Employees Retirement System of Texas Makes New $611,000 Investment in Nova Ltd. $NVMI

Employees Retirement System of Texas acquired a new stake in Nova Ltd. (NASDAQ:NVMI) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,860 shares of the semiconductor company’s stock, valued at approximately $611,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVMI. Measured Wealth Private Client Group LLC bought a new position in Nova in the third quarter valued at about $40,000. CIBC Private Wealth Group LLC lifted its position in Nova by 75.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 56 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Nova by 2,042.9% in the 3rd 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 during the last quarter. Advisors Asset Management Inc. grew its position in shares of Nova by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after buying an additional 128 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Nova by 62.5% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock worth $72,000 after buying an additional 100 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVMI. Weiss Ratings raised shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Wall Street Zen upgraded Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Evercore reaffirmed an “outperform” rating and issued a $600.00 price target on shares of Nova in a research note on Friday, May 15th. Needham & Company LLC lifted their price objective on shares of Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Morgan Stanley set a $494.00 target price on shares of Nova in a research note on Thursday, May 14th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $518.22.

Insider Buying and Selling

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 Eitan Oppenhaim sold 1,504 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $519.48, for a total value of $781,297.92. Following the completion of the sale, the director owned 6,668 shares in the company, valued at approximately $3,463,892.64. This trade represents a 18.40% 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. In the last ninety days, insiders sold 2,411 shares of company stock valued at $1,243,018. Company insiders own 1.00% of the company’s stock.

Nova Stock Performance

Shares of NVMI opened at $512.15 on Thursday. The firm has a market capitalization of $16.28 billion, a PE ratio of 63.86, a P/E/G ratio of 3.86 and a beta of 1.78. The stock has a 50 day simple moving average of $492.53 and a 200 day simple moving average of $422.25. Nova Ltd. has a 52-week low of $199.10 and a 52-week high of $565.00.

Nova (NASDAQ:NVMI) last announced its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share 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 firm had revenue of $235.31 million for the quarter, compared to analyst estimates of $227.02 million. During the same quarter in the previous year, the firm posted $2.18 earnings per share. 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. Equities research analysts predict that Nova Ltd. will post 9.35 EPS for the current fiscal year.

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.