250,000 Shares in Nova Ltd. $NVMI Purchased by Groupama Asset Managment

Groupama Asset Managment purchased a new stake in shares of Nova Ltd. (NASDAQ:NVMI) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 250,000 shares of the semiconductor company’s stock, valued at approximately $79,915,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Nova during the third quarter valued at approximately $10,153,000. American Century Companies Inc. lifted its stake in shares of Nova by 9.6% during the 2nd quarter. American Century Companies Inc. now owns 147,657 shares of the semiconductor company’s stock worth $40,635,000 after acquiring an additional 12,957 shares during the last quarter. Congress Asset Management Co. boosted its holdings in Nova by 2.7% during the 3rd quarter. Congress Asset Management Co. now owns 286,076 shares of the semiconductor company’s stock valued at $91,447,000 after acquiring an additional 7,438 shares during the period. Cetera Investment Advisers grew its position in Nova by 33.0% in the 2nd quarter. Cetera Investment Advisers now owns 6,662 shares of the semiconductor company’s stock valued at $1,833,000 after acquiring an additional 1,653 shares during the last quarter. Finally, Associated Banc Corp bought a new position in Nova in the 2nd quarter valued at $248,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NVMI shares. Jefferies Financial Group reiterated a “buy” rating and set a $520.00 target price on shares of Nova in a research report on Thursday, February 12th. Barclays initiated coverage on shares of Nova in a report on Wednesday, March 11th. They issued an “overweight” rating and a $465.00 price target on the stock. Bank of America lifted their price objective on shares of Nova from $380.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Citigroup upped their target price on shares of Nova from $370.00 to $520.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nova in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Nova has an average rating of “Buy” and a consensus target price of $442.25.

Nova Stock Performance

Shares of Nova stock opened at $457.80 on Thursday. The company has a current ratio of 6.28, a quick ratio of 5.47 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average price is $442.75 and its 200-day moving average price is $360.44. The firm has a market cap of $14.55 billion, a P/E ratio of 57.15, a P/E/G ratio of 3.26 and a beta of 1.83. Nova Ltd. has a 12 month low of $153.99 and a 12 month high of $507.27.

Nova (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, February 12th. The semiconductor company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.01. The company had revenue of $222.62 million during the quarter, compared to analyst estimates of $220.43 million. Nova had a net margin of 29.44% and a return on equity of 22.90%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. Nova has set its Q1 2026 guidance at 2.130-2.250 EPS. On average, equities research analysts expect that Nova Ltd. will post 7.52 earnings per share 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.