Brokerages Set Nova Ltd. (NASDAQ:NVMI) PT at $518.22

Shares of Nova Ltd. (NASDAQ:NVMI) have received an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $518.2222.

Several research firms recently commented on NVMI. Barclays raised their price target on shares of Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Zacks Research lowered shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Citigroup raised their price target on shares of Nova from $520.00 to $595.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Needham & Company LLC raised their price target on shares of Nova from $500.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th.

Insider Activity

In other news, Director Yaniv Garty sold 426 shares of Nova stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $514.49, for a total value of $219,172.74. Following the sale, the director owned 2,038 shares in the company, valued at $1,048,530.62. This trade represents a 17.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarit Sagiv sold 426 shares of Nova stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $514.49, for a total transaction of $219,172.74. Following the completion of the sale, the director owned 2,437 shares in the company, valued at approximately $1,253,812.13. This trade represents a 14.88% 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 quarter, insiders sold 907 shares of company stock worth $461,720. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Nova

Several institutional investors have recently modified their holdings of the stock. Strategic Investment Advisors MI acquired a new stake in shares of Nova in the first quarter valued at about $109,000. Altshuler Shaham Ltd grew its position in shares of Nova by 87.7% in the first quarter. Altshuler Shaham Ltd now owns 21,351 shares of the semiconductor company’s stock valued at $9,151,000 after purchasing an additional 9,974 shares during the period. Amundi grew its position in shares of Nova by 139.0% in the first quarter. Amundi now owns 54,473 shares of the semiconductor company’s stock valued at $23,657,000 after purchasing an additional 31,678 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Nova by 35.4% in the first quarter. EverSource Wealth Advisors LLC now owns 379 shares of the semiconductor company’s stock valued at $165,000 after purchasing an additional 99 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Nova in the first quarter valued at about $356,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Stock Performance

NVMI stock opened at $503.49 on Friday. The firm has a market cap of $16.00 billion, a PE ratio of 62.78, a P/E/G ratio of 3.64 and a beta of 1.78. The firm’s fifty day moving average is $487.40 and its 200 day moving average is $417.82. Nova has a one year low of $179.00 and a one year high of $565.00.

Nova (NASDAQ:NVMI) last released its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. The company had revenue of $235.31 million for the quarter, compared to analyst estimates of $227.02 million. Nova had a net margin of 29.21% and a return on equity of 21.77%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business earned $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Research analysts predict that Nova will post 9.35 earnings per share for the current fiscal year.

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.