Nova Ltd. $NVMI Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 7.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,148 shares of the semiconductor company’s stock after buying an additional 1,319 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Nova were worth $8,750,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Royal Bank of Canada grew its stake in Nova by 660.4% during the 1st quarter. Royal Bank of Canada now owns 10,668 shares of the semiconductor company’s stock valued at $1,966,000 after acquiring an additional 9,265 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Nova by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 128 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Nova in the 2nd quarter worth approximately $5,445,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Nova by 62.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 100 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Nova during the 2nd quarter worth approximately $1,886,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Stock Down 4.9%

Shares of Nova stock opened at $452.73 on Tuesday. Nova Ltd. has a 52 week low of $232.73 and a 52 week high of $615.99. The business’s fifty day simple moving average is $513.22 and its 200-day simple moving average is $469.66. The firm has a market cap of $14.39 billion, a PE ratio of 56.45, a price-to-earnings-growth ratio of 3.44 and a beta of 1.74.

Nova (NASDAQ:NVMI) last released 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 analysts’ expectations of $227.02 million. Nova had a return on equity of 21.77% and a net margin of 29.21%.The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.18 EPS. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, equities analysts expect that Nova Ltd. will post 9.46 earnings per share for the current year.

Insider Activity at Nova

In other Nova news, Director Eitan Oppenhaim sold 1,504 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $519.48, for a total transaction of $781,297.92. Following the completion of the transaction, the director owned 6,668 shares of the company’s stock, valued at $3,463,892.64. This trade represents a 18.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yaniv Garty sold 426 shares of Nova stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $514.49, for a total transaction of $219,172.74. Following the sale, the director owned 2,038 shares of the company’s stock, valued at approximately $1,048,530.62. This represents a 17.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 7,798 shares of company stock worth $4,125,266. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NVMI. Barclays increased their price target on Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Citigroup boosted their price objective on Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Needham & Company LLC upped their target price on Nova from $500.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Zacks Research downgraded Nova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings lowered Nova from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Nova has a consensus rating of “Moderate Buy” and an average target price of $551.25.

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.