Davis Investment Partners LLC Makes New Investment in Nova Ltd. $NVMI

Davis Investment Partners LLC acquired a new position in shares of Nova Ltd. (NASDAQ:NVMI) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,000 shares of the semiconductor company’s stock, valued at approximately $869,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. grew its holdings in shares of 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 purchasing an additional 394,544 shares in the last quarter. Phoenix Financial Ltd. raised its stake in Nova by 286.3% during the fourth 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 purchased a new stake in Nova during the fourth quarter valued at $109,568,000. Groupama Asset Managment bought a new position in Nova during the third quarter valued at $79,915,000. Finally, Rafferty Asset Management LLC bought a new position in Nova during the third quarter valued at $79,398,000. 82.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Sarit Sagiv sold 454 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $536.52, for a total value of $243,580.08. Following the sale, the director directly owned 1,951 shares of the company’s stock, valued at $1,046,750.52. This represents a 18.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $519.48, for a total transaction of $781,297.92. Following the completion of the sale, the director directly owned 6,668 shares of the company’s stock, valued at approximately $3,463,892.64. The trade was a 18.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 4,521 shares of company stock valued at $2,449,066. Company insiders own 1.00% of the company’s stock.

Nova Stock Down 1.7%

Shares of NVMI opened at $518.85 on Thursday. The business has a fifty day moving average of $522.36 and a 200 day moving average of $455.08. The company has a market cap of $16.49 billion, a PE ratio of 64.69, a P/E/G ratio of 3.83 and a beta of 1.75. Nova Ltd. has a 52-week low of $232.73 and a 52-week high of $615.99.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Nova had a net margin of 29.21% and a return on equity of 21.77%. The business had revenue of $235.31 million for the quarter, compared to analysts’ expectations of $227.02 million. During the same quarter in the previous year, the business posted $2.18 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, research analysts anticipate that Nova Ltd. will post 9.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NVMI has been the topic of a number of research reports. Morgan Stanley set a $494.00 target price on shares of Nova in a report on Thursday, May 14th. Citigroup increased their price target on shares of Nova from $520.00 to $595.00 and gave the company a “buy” rating in a report on Friday, May 15th. Zacks Research lowered Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Wall Street Zen raised Nova from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group upped their price objective on Nova from $520.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $545.50.

About Nova

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.