Swiss National Bank Buys 24,174 Shares of Nova Ltd. $NVMI

Swiss National Bank lifted its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 28.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,312 shares of the semiconductor company’s stock after purchasing an additional 24,174 shares during the period. Swiss National Bank’s holdings in Nova were worth $46,861,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC bought a new position in Nova in the 4th quarter worth approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in Nova in the 3rd quarter valued at $40,000. CIBC Private Wealth Group LLC boosted its position in Nova by 75.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake 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 valued at $48,000 after buying an additional 143 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Nova by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 128 shares during the period. 82.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NVMI has been the topic of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $600.00 price target on shares of Nova in a research note on Tuesday, July 14th. Needham & Company LLC lifted their price objective on Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Jefferies Financial Group boosted their price objective on Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Zacks Research downgraded shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings lowered shares of Nova from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $556.67.

Insider Buying and Selling

In related news, CEO Gabriel Waisman sold 2,966 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $501.30, for a total value of $1,486,855.80. Following 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 position. 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 transaction of $219,172.74. Following the transaction, the director directly owned 2,038 shares in the company, valued at $1,048,530.62. The trade was a 17.29% 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 a total of 7,798 shares of company stock valued at $4,125,266 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Nova Stock Up 0.3%

NVMI stock opened at $454.42 on Thursday. Nova Ltd. has a twelve month low of $232.73 and a twelve month high of $615.99. The business’s fifty day moving average is $504.75 and its 200-day moving average is $475.61. The company has a market cap of $14.44 billion, a P/E ratio of 56.66, a price-to-earnings-growth ratio of 3.28 and a beta of 1.74.

Nova (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Nova had a return on equity of 21.77% and a net margin of 29.21%.The business had revenue of $235.31 million during the quarter, compared to the consensus estimate of $227.02 million. During the same quarter in the prior year, the company posted $2.18 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Research analysts anticipate that Nova Ltd. will post 9.46 earnings per share for the current fiscal year.

Nova 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.