TimesSquare Capital Management LLC Cuts Stake in Nova Ltd. $NVMI

TimesSquare Capital Management LLC decreased its holdings in Nova Ltd. (NASDAQ:NVMI) by 12.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,600 shares of the semiconductor company’s stock after selling 4,970 shares during the period. TimesSquare Capital Management LLC owned approximately 0.12% of Nova worth $11,362,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Nova in the 3rd quarter valued at $10,153,000. Teacher Retirement System of Texas purchased a new stake in shares of Nova in the 3rd quarter valued at $1,375,000. SG Americas Securities LLC boosted its stake in shares of Nova by 119.8% in the 4th quarter. SG Americas Securities LLC now owns 4,360 shares of the semiconductor company’s stock valued at $1,432,000 after purchasing an additional 2,376 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Nova by 2,128.7% in the 3rd quarter. Citigroup Inc. now owns 128,641 shares of the semiconductor company’s stock valued at $41,121,000 after purchasing an additional 122,869 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Nova by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,113,762 shares of the semiconductor company’s stock valued at $354,172,000 after purchasing an additional 10,441 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Stock Down 2.9%

Shares of NVMI opened at $472.49 on Wednesday. The stock has a market capitalization of $15.02 billion, a P/E ratio of 58.91, a PEG ratio of 3.57 and a beta of 1.78. The firm has a fifty day simple moving average of $483.54 and a two-hundred day simple moving average of $415.09. Nova Ltd. has a twelve month low of $179.00 and a twelve month high of $565.00.

Nova (NASDAQ:NVMI) last announced its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, beating 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 business had revenue of $235.31 million during the quarter, compared to analysts’ expectations of $227.02 million. During the same quarter in the prior year, the company posted $2.18 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Sell-side analysts expect that Nova Ltd. will post 9.35 EPS for the current fiscal year.

Analyst Ratings Changes

NVMI has been the subject of several analyst reports. Weiss Ratings raised shares of Nova from a “hold (c)” rating to a “hold (c+)” 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. Morgan Stanley set a $494.00 price target on shares of Nova in a research report on Thursday, May 14th. Zacks Research cut shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Jefferies Financial Group increased their price target on shares of Nova from $520.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.22.

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.