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

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

A number of brokerages have recently issued reports on NVMI. Jefferies Financial Group lifted their price target on Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Wall Street Zen raised Nova from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Evercore reaffirmed an “outperform” rating and issued a $600.00 price target on shares of Nova in a research note on Friday, May 15th. Morgan Stanley set a $494.00 price target on Nova in a research note on Thursday, May 14th. Finally, Zacks Research lowered Nova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th.

Nova Stock Performance

Shares of NVMI opened at $583.05 on Wednesday. Nova has a 12 month low of $217.50 and a 12 month high of $588.40. The stock’s 50 day moving average is $507.47 and its two-hundred day moving average is $441.02. The firm has a market cap of $18.53 billion, a P/E ratio of 72.70, a PEG ratio of 4.23 and a beta of 1.75.

Nova (NASDAQ:NVMI) last issued its quarterly earnings data 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 return on equity of 21.77% and a net margin of 29.21%.Nova’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Equities research analysts forecast that Nova will post 9.44 EPS for the current year.

Insider Transactions at Nova

In other news, Director Sarit Sagiv sold 426 shares of Nova stock in a transaction that occurred 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 sale, the director directly owned 2,437 shares of the company’s stock, valued at $1,253,812.13. The trade was a 14.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yaniv Garty sold 426 shares of Nova stock in a transaction that occurred 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 completion of the sale, the director directly owned 2,038 shares in the company, valued at $1,048,530.62. This represents a 17.29% decrease in their ownership of the stock. 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 2,411 shares of company stock valued at $1,243,018 over the last ninety days. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Nova

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVMI. Smartleaf Asset Management LLC acquired a new position in Nova during the fourth quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new position in Nova during the third quarter worth $40,000. CIBC Private Wealth Group LLC boosted its stake in 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 buying an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in 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 buying an additional 143 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Nova by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.