Assetmark Inc. Lowers Stock Position in Nova Ltd. $NVMI

Assetmark Inc. trimmed its position in shares of Nova Ltd. (NASDAQ:NVMI) by 8.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 38,808 shares of the semiconductor company’s stock after selling 3,575 shares during the period. Assetmark Inc.’s holdings in Nova were worth $16,854,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NVMI. Smartleaf Asset Management LLC acquired a new position in Nova in the fourth quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Nova during the third quarter worth about $40,000. CIBC Private Wealth Group LLC raised its holdings in shares of Nova by 75.7% in the 3rd 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 holdings in shares of Nova by 2,042.9% in the 3rd 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, TD Private Client Wealth LLC acquired a new position in shares of Nova in the 4th quarter valued at about $74,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Nova Stock Performance

NVMI opened at $437.46 on Monday. The company has a fifty day simple moving average of $508.39 and a 200 day simple moving average of $473.16. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 54.55, a PEG ratio of 3.17 and a beta of 1.74. Nova Ltd. has a twelve month low of $232.73 and a twelve month high of $615.99.

Nova (NASDAQ:NVMI) last released its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.13. Nova had a net margin of 29.21% and a return on equity of 21.77%. The firm had revenue of $235.31 million for the quarter, compared to the consensus estimate of $227.02 million. During the same quarter in the previous year, the firm posted $2.18 EPS. The firm’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, analysts forecast that Nova Ltd. will post 9.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Yaniv Garty sold 366 shares of the business’s stock in a transaction dated 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 owned 2,006 shares in the company, valued at approximately $1,165,887.20. The trade was a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eitan Oppenhaim sold 1,290 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $581.20, for a total value of $749,748.00. Following the completion of the transaction, the director directly owned 6,421 shares of the company’s stock, valued at $3,731,885.20. This represents a 16.73% 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 7,798 shares of company stock valued at $4,125,266 over the last ninety days. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

NVMI has been the subject of a number of research reports. Zacks Research cut Nova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Weiss Ratings lowered shares of Nova from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Needham & Company LLC lifted 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. Wall Street Zen raised shares of Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $600.00 price objective on shares of Nova in a research note on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Nova currently has a consensus rating of “Moderate Buy” and an average price target of $556.67.

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.