Hsbc Holdings PLC Increases Position in Nova Ltd. $NVMI

Hsbc Holdings PLC grew its holdings in Nova Ltd. (NASDAQ:NVMI) by 94.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,115 shares of the semiconductor company’s stock after acquiring an additional 13,160 shares during the quarter. Hsbc Holdings PLC’s holdings in Nova were worth $9,077,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Nova by 660.4% in the 1st quarter. Royal Bank of Canada now owns 10,668 shares of the semiconductor company’s stock valued at $1,966,000 after acquiring an additional 9,265 shares during the period. Advisors Asset Management Inc. lifted its position in Nova by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 128 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Nova in the 2nd quarter valued at approximately $5,445,000. EverSource Wealth Advisors LLC grew its stake in shares of Nova by 62.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 100 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Nova in the second quarter valued at approximately $1,886,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley upped their price target on Nova from $494.00 to $540.00 and gave the stock an “equal weight” rating in a research note on Monday. Zacks Research lowered shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Citigroup boosted their price objective on shares of Nova from $520.00 to $595.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings cut shares of Nova from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $551.25.

Nova Stock Performance

NASDAQ:NVMI opened at $451.99 on Thursday. The stock has a fifty day moving average price of $515.18 and a two-hundred day moving average price of $466.75. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 56.36, a PEG ratio of 3.23 and a beta of 1.74. Nova Ltd. has a 1 year low of $232.73 and a 1 year high of $615.99.

Nova (NASDAQ:NVMI) last issued its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, topping 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 company had revenue of $235.31 million for the quarter, compared to analyst estimates of $227.02 million. During the same period in the previous year, the firm earned $2.18 EPS. The business’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. On average, analysts predict that Nova Ltd. will post 9.46 EPS for the current year.

Insider Activity at Nova

In related news, Director Sarit Sagiv sold 454 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $536.52, for a total transaction of $243,580.08. Following the sale, the director owned 1,951 shares of the company’s stock, valued at approximately $1,046,750.52. The trade was a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gabriel Waisman sold 2,966 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $501.30, for a total transaction of $1,486,855.80. Following the transaction, the chief executive officer owned 28,714 shares in the company, valued at $14,394,328.20. The trade was a 9.36% 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 7,798 shares of company stock worth $4,125,266 over the last three months. 1.00% of the stock is currently owned by company insiders.

Nova Company 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.