Employees Retirement System of Texas Invests $611,000 in Nova Ltd. $NVMI

Employees Retirement System of Texas purchased a new stake in shares of Nova Ltd. (NASDAQ:NVMI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,860 shares of the semiconductor company’s stock, valued at approximately $611,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NVMI. Wasatch Advisors LP raised its position in shares of Nova by 4.9% during the second quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock valued at $605,701,000 after buying an additional 102,250 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in Nova by 7.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,493,657 shares of the semiconductor company’s stock worth $490,502,000 after buying an additional 98,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Nova by 2.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,468,863 shares of the semiconductor company’s stock valued at $482,360,000 after acquiring an additional 40,256 shares during the period. Vanguard Group Inc. raised its holdings in Nova by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,128,957 shares of the semiconductor company’s stock valued at $377,402,000 after acquiring an additional 15,195 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Nova by 185.4% in the 3rd quarter. Invesco Ltd. now owns 607,344 shares of the semiconductor company’s stock valued at $194,144,000 after acquiring an additional 394,544 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Buying and Selling

In other Nova news, Director Sarit Sagiv sold 426 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $514.49, for a total value of $219,172.74. Following the transaction, the director owned 2,437 shares of the company’s stock, valued at approximately $1,253,812.13. The trade was a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $519.48, for a total value of $781,297.92. Following the sale, the director owned 6,668 shares in the company, valued at $3,463,892.64. The trade was a 18.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,411 shares of company stock worth $1,243,018 in the last three months. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NVMI. Zacks Research cut Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Citigroup raised their price objective on shares of Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Morgan Stanley set a $494.00 target price on shares of Nova in a research report on Thursday, May 14th. Barclays upped their target price on shares of Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Finally, Wall Street Zen raised shares of Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $518.22.

Nova Price Performance

Nova stock opened at $512.15 on Thursday. The firm has a market capitalization of $16.28 billion, a P/E ratio of 63.86, a P/E/G ratio of 3.86 and a beta of 1.78. The stock has a fifty day moving average price of $492.53 and a two-hundred day moving average price of $422.25. Nova Ltd. has a 52-week low of $199.10 and a 52-week high of $565.00.

Nova (NASDAQ:NVMI) last issued its 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 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.18 EPS. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, equities research analysts predict that Nova Ltd. will post 9.35 EPS for the current fiscal year.

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.