Granahan Investment Management LLC Cuts Position in Nova Ltd. $NVMI

Granahan Investment Management LLC trimmed its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 42.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 15,728 shares of the semiconductor company’s stock after selling 11,825 shares during the quarter. Granahan Investment Management LLC’s holdings in Nova were worth $5,028,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. increased its position in shares of Nova by 51.9% in the second quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Nova by 62.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 100 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Nova by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 128 shares in the last quarter. Smithfield Trust Co acquired a new position in shares of Nova during the 3rd quarter valued at $128,000. Finally, Rexford Capital Inc. purchased a new stake in Nova during the 2nd quarter worth $138,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Nova Stock Performance

Nova stock opened at $428.60 on Monday. Nova Ltd. has a 12-month low of $153.99 and a 12-month high of $507.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 6.28 and a quick ratio of 5.47. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 53.51, a price-to-earnings-growth ratio of 3.13 and a beta of 1.83. The firm’s fifty day moving average price is $438.99 and its 200 day moving average price is $357.33.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Thursday, February 12th. The semiconductor company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.01. The company had revenue of $222.62 million during the quarter, compared to analysts’ expectations of $220.43 million. Nova had a net margin of 29.44% and a return on equity of 22.90%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 EPS. Nova has set its Q1 2026 guidance at 2.130-2.250 EPS. On average, research analysts forecast that Nova Ltd. will post 7.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NVMI shares. Morgan Stanley reiterated an “outperform” rating and issued a $453.00 price target on shares of Nova in a report on Friday, February 13th. Bank of America upped their target price on Nova from $380.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Zacks Research upgraded Nova from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Barclays assumed coverage on Nova in a report on Wednesday, March 11th. They set an “overweight” rating and a $465.00 target price on the stock. Finally, Evercore reissued an “outperform” rating and set a $485.00 price target on shares of Nova in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $442.25.

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.