Bank of New York Mellon Corp Sells 1,664 Shares of Nova Ltd. $NVMI

Bank of New York Mellon Corp trimmed its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 4.1% during the first quarter, HoldingsChannel reports. The fund owned 39,374 shares of the semiconductor company’s stock after selling 1,664 shares during the period. Bank of New York Mellon Corp’s holdings in Nova were worth $17,099,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NVMI. EverSource Wealth Advisors LLC increased its holdings in Nova by 9.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 280 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 24 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Nova by 2.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,124 shares of the semiconductor company’s stock valued at $488,000 after purchasing an additional 30 shares during the period. Signaturefd LLC lifted its holdings in shares of Nova by 4.5% in the fourth quarter. Signaturefd LLC now owns 992 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 43 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Nova by 16.1% in the fourth quarter. Farther Finance Advisors LLC now owns 347 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 48 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Nova by 1.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 4,997 shares of the semiconductor company’s stock valued at $1,641,000 after purchasing an additional 50 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Nova Trading Down 8.8%

NASDAQ NVMI opened at $366.91 on Thursday. The company has a market cap of $11.66 billion, a PE ratio of 45.75, a PEG ratio of 2.91 and a beta of 1.74. Nova Ltd. has a 12 month low of $232.73 and a 12 month high of $615.99. The stock has a 50 day moving average of $496.21 and a 200-day moving average of $477.13.

Nova (NASDAQ:NVMI) last issued its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The business had revenue of $235.31 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, sell-side analysts predict that Nova Ltd. will post 9.46 EPS for the current fiscal year.

Insider Activity

In related news, Director Sarit Sagiv sold 454 shares of Nova stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $536.52, for a total transaction of $243,580.08. Following the completion of the transaction, the director owned 1,951 shares in the company, valued at approximately $1,046,750.52. This trade represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 that occurred on Monday, June 22nd. The stock was sold at an average price of $581.20, for a total value of $212,719.20. Following the transaction, the director directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,798 shares of company stock valued at $4,125,266 in the last 90 days. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVMI shares. Morgan Stanley increased their price objective on Nova from $494.00 to $540.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Needham & Company LLC upped their price target on Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $600.00 price target on shares of Nova in a research note on Tuesday, July 14th. Zacks Research lowered shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Jefferies Financial Group raised their target price on shares of Nova from $520.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $556.67.

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.