Jag Capital Management LLC Acquires New Stake in Nova Ltd. $NVMI

Jag Capital Management LLC acquired a new stake in shares of Nova Ltd. (NASDAQ:NVMI) in the first quarter, Holdings Channel reports. The firm acquired 1,158 shares of the semiconductor company’s stock, valued at approximately $503,000.

Several other hedge funds have also added to or reduced their stakes in NVMI. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Nova by 47.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,166,073 shares of the semiconductor company’s stock worth $940,683,000 after purchasing an additional 697,210 shares in the last quarter. Invesco Ltd. increased its stake in Nova by 185.4% during the 3rd quarter. Invesco Ltd. now owns 607,344 shares of the semiconductor company’s stock valued at $194,144,000 after purchasing an additional 394,544 shares in the last quarter. Phoenix Financial Ltd. raised its holdings in Nova by 286.3% in the fourth quarter. Phoenix Financial Ltd. now owns 508,641 shares of the semiconductor company’s stock worth $167,115,000 after buying an additional 376,974 shares during the last quarter. Norges Bank purchased a new position in Nova in the fourth quarter worth about $109,568,000. Finally, Groupama Asset Managment purchased a new position in Nova in the third quarter worth about $79,915,000. 82.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Nova news, Director Eitan Oppenhaim sold 1,290 shares of Nova stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $581.20, for a total value of $749,748.00. Following the sale, the director directly owned 6,421 shares in the company, valued at approximately $3,731,885.20. The trade was a 16.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gabriel Waisman sold 2,966 shares of Nova stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $501.30, for a total value of $1,486,855.80. Following the completion of the sale, the chief executive officer directly owned 28,714 shares in the company, valued at $14,394,328.20. This trade represents a 9.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 7,798 shares of company stock worth $4,125,266. 1.00% of the stock is currently owned by corporate insiders.

Nova Trading Down 4.5%

Shares of NASDAQ NVMI opened at $451.13 on Friday. The firm has a 50 day moving average of $510.07 and a 200 day moving average of $472.44. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 56.25, a price-to-earnings-growth ratio of 3.42 and a beta of 1.74. Nova Ltd. has a 12-month low of $232.73 and a 12-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, beating the consensus estimate of $2.20 by $0.13. The business had revenue of $235.31 million during 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 revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Sell-side analysts predict that Nova Ltd. will post 9.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NVMI. Needham & Company LLC boosted their price objective on shares of Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Weiss Ratings downgraded Nova from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Evercore reissued an “outperform” rating and issued a $600.00 target price on shares of Nova in a report on Friday, May 15th. Zacks Research cut Nova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen raised Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Nova has an average rating of “Moderate Buy” and a consensus price target of $556.67.

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.