Nicholas Investment Partners LP Purchases 1,199 Shares of Nova Ltd. $NVMI

Nicholas Investment Partners LP boosted its position in Nova Ltd. (NASDAQ:NVMI) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,818 shares of the semiconductor company’s stock after purchasing an additional 1,199 shares during the quarter. Nicholas Investment Partners LP owned approximately 0.07% of Nova worth $6,508,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new position in Nova in the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC bought a new position in Nova in the third quarter worth about $40,000. CIBC Private Wealth Group LLC raised its holdings in Nova by 75.7% in the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Nova by 2,042.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 143 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Nova by 51.6% in the first 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. 82.99% of the stock is currently owned by institutional investors.

Insider Activity at Nova

In related news, Director Sarit Sagiv sold 426 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $514.49, for a total value of $219,172.74. Following the sale, the director owned 2,437 shares in the company, valued at $1,253,812.13. This represents a 14.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eitan Oppenhaim sold 1,504 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $519.48, for a total value of $781,297.92. Following the completion of the sale, the director owned 6,668 shares in the company, valued at approximately $3,463,892.64. This represents a 18.40% 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. Insiders have sold a total of 2,411 shares of company stock worth $1,243,018 over the last quarter. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup boosted 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. Jefferies Financial Group boosted their target price on shares of Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Morgan Stanley set a $494.00 target price on shares of Nova in a report on Thursday, May 14th. Finally, Needham & Company LLC boosted 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. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $518.22.

Nova Stock Up 4.2%

Shares of NASDAQ NVMI opened at $583.05 on Friday. The business’s 50 day moving average price is $507.47 and its 200 day moving average price is $440.02. The firm has a market cap of $18.53 billion, a P/E ratio of 72.70, a P/E/G ratio of 4.23 and a beta of 1.75. Nova Ltd. has a 52 week low of $217.50 and a 52 week high of $588.40.

Nova (NASDAQ:NVMI) last issued its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. The firm had revenue of $235.31 million for the quarter, compared to analyst estimates of $227.02 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 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, research analysts expect that Nova Ltd. will post 9.44 earnings per share for the current year.

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.