Nova (NASDAQ:NVMI) Given New $570.00 Price Target at Needham & Company LLC

Nova (NASDAQ:NVMI) had its price target cut by Needham & Company LLC from $640.00 to $570.00 in a research note released on Friday morning, Marketbeat.com reports. They currently have a buy rating on the semiconductor company’s stock.

Other analysts have also recently issued reports about the company. Wall Street Zen upgraded Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Jefferies Financial Group restated a “buy” rating and set a $600.00 target price on shares of Nova in a research report on Thursday. Evercore reissued an “outperform” rating and set a $600.00 price objective on shares of Nova in a report on Friday, May 15th. Morgan Stanley boosted their target price on shares of Nova from $494.00 to $540.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Finally, Cantor Fitzgerald lowered their target price on shares of Nova from $600.00 to $500.00 and set an “overweight” rating on the stock in a report on Friday. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $519.44.

Nova Trading Up 3.1%

NASDAQ:NVMI opened at $393.02 on Friday. Nova has a 1 year low of $232.73 and a 1 year high of $615.99. The firm’s fifty day simple moving average is $480.56 and its 200 day simple moving average is $475.70. The firm has a market capitalization of $12.49 billion, a PE ratio of 48.64, a PEG ratio of 2.76 and a beta of 1.78.

Nova (NASDAQ:NVMI) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.10. The company had revenue of $254.96 million during the quarter, compared to analysts’ expectations of $250.33 million. Nova had a net margin of 28.84% and a return on equity of 22.13%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 earnings per share. Nova has set its Q3 2026 guidance at 2.700-2.850 EPS. As a group, analysts anticipate that Nova will post 9.46 EPS for the current fiscal year.

Insider Transactions at Nova

In other Nova news, Director Sarit Sagiv sold 454 shares of Nova stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $536.52, for a total value of $243,580.08. Following the sale, the director owned 1,951 shares of the company’s stock, valued at $1,046,750.52. This trade represents a 18.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $519.48, for a total value of $781,297.92. Following the completion of the sale, the director owned 6,668 shares in the company, valued at approximately $3,463,892.64. This trade represents a 18.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,798 shares of company stock worth $4,125,266 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Nova

Several institutional investors have recently bought and sold shares of NVMI. Smartleaf Asset Management LLC bought a new position in shares of Nova during the 4th quarter worth approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Nova in the third quarter worth $40,000. CIBC Private Wealth Group LLC boosted its holdings 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 purchasing an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings 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 purchasing an additional 143 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Nova by 51.6% in the first 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 own 82.99% of the company’s stock.

Nova News Roundup

Here are the key news stories impacting Nova this week:

• Positive Sentiment: Nova reported record second-quarter revenue of approximately $255.0 million, up 8% sequentially and 16% year over year. Earnings were $2.51 per share, exceeding the $2.41 consensus estimate and rising from $2.20 a year earlier. Nova Reports Record Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter guidance also surpassed expectations: Nova forecast EPS of $2.70–$2.85 versus the $2.64 analyst consensus, and revenue of $277 million–$287 million versus expectations of $276.7 million. This suggests continued demand for the company’s semiconductor measurement products. Nova Ltd. Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Needham lowered its price target to $570 from $640 but maintained a “Buy” rating, implying substantial upside from the current trading level. Benzinga
• Positive Sentiment: Cantor Fitzgerald reduced its target to $500 from $600 while retaining an “Overweight” rating, indicating analysts remain constructive despite more conservative valuations. Benzinga
• Neutral Sentiment: The target reductions may reflect valuation or broader semiconductor-sector caution. Nova trades at a relatively elevated earnings multiple, so further gains may depend on continued execution and delivery of its strong guidance.

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.