Nova Ltd. $NVMI Position Increased by Citigroup Inc.

Citigroup Inc. grew its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 2,128.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 128,641 shares of the semiconductor company’s stock after purchasing an additional 122,869 shares during the period. Citigroup Inc.’s holdings in Nova were worth $41,121,000 as of its most recent SEC filing.

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

Nova Stock Performance

NVMI stock opened at $455.02 on Wednesday. The firm has a 50 day moving average of $411.57 and a two-hundred day moving average of $341.32. Nova Ltd. has a 12 month low of $153.99 and a 12 month high of $507.27. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 56.81, a P/E/G ratio of 3.23 and a beta of 1.84. The company has a quick ratio of 5.47, a current ratio of 6.28 and a debt-to-equity ratio of 0.56.

Nova (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, February 12th. The semiconductor company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.01. The business had revenue of $222.62 million during the quarter, compared to analyst estimates of $220.43 million. Nova had a net margin of 29.44% and a return on equity of 22.90%. Nova’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 EPS. Nova has set its Q1 2026 guidance at 2.130-2.250 EPS. As a group, equities analysts anticipate that Nova Ltd. will post 7.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research upgraded Nova from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Nova in a research report on Monday, December 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $520.00 target price on shares of Nova in a research note on Thursday, February 12th. Citigroup upped their price objective on shares of Nova from $370.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Evercore reissued an “outperform” rating and set a $485.00 target price on shares of Nova in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $439.00.

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.