Nova (NASDAQ:NVMI) Price Target Lowered to $500.00 at Cantor Fitzgerald

Nova (NASDAQ:NVMI) had its target price lowered by equities researchers at Cantor Fitzgerald from $600.00 to $500.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 31.12% from the stock’s previous close.

A number of other research analysts also recently weighed in on NVMI. Jefferies Financial Group restated a “buy” rating and issued a $600.00 price target on shares of Nova in a research note on Thursday. Evercore reiterated an “outperform” rating and set a $600.00 price objective on shares of Nova in a research note on Friday, May 15th. Needham & Company LLC increased their price objective on Nova from $500.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Citigroup raised their target price on shares of Nova from $520.00 to $595.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Morgan Stanley boosted their target price on shares of Nova from $494.00 to $540.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Nova presently has an average rating of “Moderate Buy” and an average target price of $541.11.

Nova Price Performance

Nova stock opened at $381.32 on Friday. The firm has a 50-day moving average of $482.75 and a 200-day moving average of $476.29. Nova has a one year low of $232.73 and a one year high of $615.99. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 47.55, a P/E/G ratio of 2.91 and a beta of 1.78.

Nova (NASDAQ:NVMI) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.10. The company had revenue of $254.96 million during the quarter, compared to analysts’ expectations of $250.33 million. Nova had a return on equity of 21.77% and a net margin of 29.21%.Nova’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 EPS. Nova has set its Q3 2026 guidance at 2.700-2.850 EPS. As a group, sell-side analysts expect that Nova will post 9.46 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Yaniv Garty sold 426 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 2,038 shares in the company, valued at approximately $1,048,530.62. The trade was a 17.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarit Sagiv sold 454 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $536.52, for a total value of $243,580.08. Following the transaction, the director directly owned 1,951 shares of the company’s stock, valued at approximately $1,046,750.52. The trade was a 18.88% 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 7,798 shares of company stock worth $4,125,266 in the last three months. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Nova

Hedge funds have recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC acquired a new position in shares of Nova during the second quarter worth $15,675,000. Plato Investment Management Ltd acquired a new stake in shares of Nova during the 2nd quarter valued at $639,000. Global Retirement Partners LLC acquired a new stake in shares of Nova during the 2nd quarter valued at $354,000. Bank of New York Mellon Corp bought a new stake in Nova during the 2nd quarter worth $25,214,000. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new stake in Nova during the 2nd quarter worth $45,534,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.