Jag Capital Management LLC Buys Shares of 1,158 Nova Ltd. $NVMI

Jag Capital Management LLC purchased a new position in Nova Ltd. (NASDAQ:NVMI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,158 shares of the semiconductor company’s stock, valued at approximately $503,000.

A number of other institutional investors also recently modified their holdings of NVMI. Smartleaf Asset Management LLC acquired a new stake in Nova during the fourth quarter worth approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Nova during the 3rd quarter worth approximately $40,000. CIBC Private Wealth Group LLC grew its position in shares of Nova by 75.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after buying an additional 56 shares during the period. Caitong International Asset Management Co. Ltd increased 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 acquiring an additional 143 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Nova by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 128 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NVMI shares. Evercore reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Nova in a research report on Friday, May 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $600.00 price target on shares of Nova in a report on Tuesday. Weiss Ratings cut Nova from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Wall Street Zen upgraded Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Barclays upped 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. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Nova has a consensus rating of “Moderate Buy” and a consensus price target of $556.67.

Nova Trading Down 4.5%

NASDAQ:NVMI opened at $451.13 on Friday. The stock has a market capitalization of $14.34 billion, a PE ratio of 56.25, a price-to-earnings-growth ratio of 3.42 and a beta of 1.74. The firm’s 50 day moving average is $510.07 and its 200 day moving average is $472.44. Nova Ltd. has a 12 month low of $232.73 and a 12 month high of $615.99.

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

Insider Activity at Nova

In related news, Director Yaniv Garty sold 426 shares of the firm’s 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 transaction, the director directly owned 2,038 shares of the company’s stock, valued at approximately $1,048,530.62. This trade represents a 17.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gabriel Waisman sold 2,966 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $501.30, for a total value of $1,486,855.80. Following the transaction, the chief executive officer directly 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 SEC filing for this sale provides additional information. 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 over the last ninety days. 1.00% of the stock is currently owned by insiders.

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.