SEB Asset Management AB Invests $833,000 in Nova Ltd. $NVMI

SEB Asset Management AB purchased a new stake in Nova Ltd. (NASDAQ:NVMI) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 1,938 shares of the semiconductor company’s stock, valued at approximately $833,000.

A number of other hedge funds also recently made changes to their positions in NVMI. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Nova by 47.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,166,073 shares of the semiconductor company’s stock worth $940,683,000 after purchasing an additional 697,210 shares during the period. Invesco Ltd. grew its stake in Nova by 185.4% in the third quarter. Invesco Ltd. now owns 607,344 shares of the semiconductor company’s stock valued at $194,144,000 after acquiring an additional 394,544 shares during the period. Phoenix Financial Ltd. increased its stake in Nova by 286.3% during the 4th quarter. Phoenix Financial Ltd. now owns 508,641 shares of the semiconductor company’s stock valued at $167,115,000 after purchasing an additional 376,974 shares in the last quarter. Norges Bank acquired a new stake in shares of Nova in the 4th quarter worth about $109,568,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Nova in the fourth quarter worth approximately $56,158,000. 82.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Nova news, CEO Gabriel Waisman sold 2,966 shares of Nova stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $501.30, for a total transaction of $1,486,855.80. Following the sale, the chief executive officer directly owned 28,714 shares of the company’s stock, valued at approximately $14,394,328.20. The trade was a 9.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yaniv Garty sold 366 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $581.20, for a total transaction of $212,719.20. Following the sale, the director owned 2,006 shares in the company, valued at approximately $1,165,887.20. This trade represents a 15.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 7,798 shares of company stock worth $4,125,266. Insiders own 1.00% of the company’s stock.

Nova Price Performance

Shares of Nova stock opened at $455.37 on Friday. The business’s 50 day simple moving average is $502.74 and its two-hundred day simple moving average is $476.37. Nova Ltd. has a one year low of $232.73 and a one year high of $615.99. The stock has a market capitalization of $14.47 billion, a P/E ratio of 56.78, a price-to-earnings-growth ratio of 3.29 and a beta of 1.74.

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 the consensus estimate 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 net margin of 29.21% and a return on equity of 21.77%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.18 EPS. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Sell-side analysts expect that Nova Ltd. will post 9.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on NVMI. Morgan Stanley lifted their target price on shares of Nova from $494.00 to $540.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Wall Street Zen raised shares of Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research lowered Nova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $600.00 price objective on shares of Nova in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group boosted their target price on Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Nova presently has an average rating of “Moderate Buy” and an average price target of $556.67.

Nova Company 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.