Ground Swell Capital LLC Takes $532,000 Position in Nova Ltd. $NVMI

Ground Swell Capital LLC acquired a new stake in Nova Ltd. (NASDAQ:NVMI) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,226 shares of the semiconductor company’s stock, valued at approximately $532,000. Nova makes up approximately 1.0% of Ground Swell Capital LLC’s holdings, making the stock its 20th largest position.

Several other hedge funds have also added to or reduced their stakes in NVMI. Smartleaf Asset Management LLC acquired a new position in Nova in the fourth quarter valued at about $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Nova in the third quarter worth about $40,000. CIBC Private Wealth Group LLC raised its position in shares of Nova by 75.7% during the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 56 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Nova by 2,042.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 143 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Nova by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Price Performance

Shares of Nova stock opened at $488.58 on Friday. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of 60.92, a price-to-earnings-growth ratio of 3.87 and a beta of 1.75. The stock’s 50-day moving average is $522.16 and its 200-day moving average is $456.78. Nova Ltd. has a one year low of $232.73 and a one year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. Nova had a return on equity of 21.77% and a net margin of 29.21%.The business had revenue of $235.31 million during the quarter, compared to the consensus estimate of $227.02 million. During the same period last year, the company earned $2.18 earnings per share. Nova’s quarterly revenue was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, equities analysts expect that Nova Ltd. will post 9.44 EPS for the current year.

Insider Transactions at Nova

In other news, Director Yaniv Garty sold 426 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,048,530.62. The trade was a 17.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $781,297.92. Following the transaction, the director owned 6,668 shares of the company’s stock, valued at $3,463,892.64. The trade was a 18.40% 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 4,887 shares of company stock valued at $2,661,785 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NVMI has been the subject of several research analyst reports. Barclays boosted their price objective on Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Citigroup raised their target price on shares of Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Weiss Ratings raised shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Research cut shares of Nova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.