Intech Investment Management LLC Takes Position in Nova Ltd. $NVMI

Intech Investment Management LLC purchased a new stake in Nova Ltd. (NASDAQ:NVMI) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 4,630 shares of the semiconductor company’s stock, valued at approximately $1,549,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Nova by 9.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 280 shares of the semiconductor company’s stock valued at $92,000 after buying an additional 24 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Nova by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock valued at $375,000 after buying an additional 37 shares during the period. Signaturefd LLC boosted its holdings in shares of Nova by 4.5% in the fourth quarter. Signaturefd LLC now owns 992 shares of the semiconductor company’s stock valued at $326,000 after buying an additional 43 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Nova by 16.1% in the fourth quarter. Farther Finance Advisors LLC now owns 347 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 48 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of 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 buying an additional 56 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NVMI. Evercore reiterated an “outperform” rating and issued a $600.00 price target on shares of Nova in a report on Friday, May 15th. Needham & Company LLC increased their target price on shares of Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Barclays increased their target price on shares of Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Citigroup increased their target price on shares of Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Weiss Ratings upgraded shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Nova presently has an average rating of “Moderate Buy” and an average price target of $518.22.

Nova Trading Down 8.6%

Shares of NVMI opened at $475.76 on Friday. Nova Ltd. has a 12 month low of $215.26 and a 12 month high of $565.00. The firm has a fifty day simple moving average of $497.75 and a 200 day simple moving average of $431.23. The stock has a market capitalization of $15.12 billion, a price-to-earnings ratio of 59.32, a PEG ratio of 3.77 and a beta of 1.75.

Nova (NASDAQ:NVMI) last announced its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.20 by $0.13. Nova had a net margin of 29.21% and a return on equity of 21.77%. The business had revenue of $235.31 million during the quarter, compared to analysts’ expectations of $227.02 million. During the same quarter in the prior year, the company posted $2.18 earnings per share. The firm’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. As a group, research analysts predict that Nova Ltd. will post 9.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Nova

In other Nova news, Director Yaniv Garty sold 426 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $514.49, for a total value of $219,172.74. Following the completion of the sale, the director owned 2,038 shares in the company, valued at $1,048,530.62. This trade represents a 17.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarit Sagiv sold 426 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $514.49, for a total transaction of $219,172.74. Following the completion of the sale, the director owned 2,437 shares of the company’s stock, valued at approximately $1,253,812.13. This represents a 14.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,411 shares of company stock worth $1,243,018 over the last quarter. 1.00% of the stock is currently owned by insiders.

Nova 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.