Royce & Associates LP Decreases Stake in Nova Ltd. $NVMI

Royce & Associates LP cut its position in Nova Ltd. (NASDAQ:NVMI) by 9.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,048 shares of the semiconductor company’s stock after selling 9,220 shares during the period. Royce & Associates LP’s holdings in Nova were worth $29,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Nova by 3.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock worth $375,000 after purchasing an additional 37 shares during the last quarter. Bank Hapoalim BM lifted its holdings in Nova by 5.1% during the 3rd quarter. Bank Hapoalim BM now owns 910 shares of the semiconductor company’s stock worth $291,000 after buying an additional 44 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Nova by 1.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,947 shares of the semiconductor company’s stock worth $1,581,000 after buying an additional 51 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Nova by 51.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 56 shares in the last quarter. Finally, SkyOak Wealth LLC increased its holdings in shares of Nova by 5.2% in the 3rd quarter. SkyOak Wealth LLC now owns 1,130 shares of the semiconductor company’s stock valued at $361,000 after acquiring an additional 56 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NVMI shares. Bank of America boosted their target price on Nova from $380.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Evercore reissued an “outperform” rating and set a $485.00 price objective on shares of Nova in a report on Friday, February 13th. Zacks Research upgraded shares of Nova from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Benchmark increased their target price on shares of Nova from $280.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Nova presently has a consensus rating of “Buy” and a consensus price target of $439.00.

Nova Stock Performance

NASDAQ NVMI opened at $438.86 on Monday. The firm has a market cap of $13.95 billion, a P/E ratio of 54.79, a P/E/G ratio of 3.21 and a beta of 1.83. Nova Ltd. has a 52-week low of $153.99 and a 52-week high of $507.27. The business’s 50-day moving average price is $419.59 and its 200 day moving average price is $344.98. The company has a quick ratio of 5.47, a current ratio of 6.28 and a debt-to-equity ratio of 0.56.

Nova (NASDAQ:NVMI) last announced its earnings results on Thursday, February 12th. The semiconductor company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.01. The company had revenue of $222.62 million for the quarter, compared to the consensus estimate of $220.43 million. Nova had a return on equity of 22.90% and a net margin of 29.44%.The company’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the business posted $1.94 EPS. Nova has set its Q1 2026 guidance at 2.130-2.250 EPS. On average, equities research analysts expect that Nova Ltd. will post 7.52 earnings per share for the current year.

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.