Nova Ltd. (NASDAQ:NVMI) Receives $556.67 Consensus Target Price from Analysts

Shares of Nova Ltd. (NASDAQ:NVMI) have been given an average rating of “Moderate Buy” by the eleven analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $556.6667.

A number of research firms have recently issued reports on NVMI. Barclays upped their price objective on Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Cantor Fitzgerald restated an “overweight” rating and issued a $600.00 target price on shares of Nova in a research report on Tuesday, July 14th. Evercore reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Nova in a research note on Friday, May 15th. Needham & Company LLC increased their price target on shares of Nova from $500.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Citigroup lifted their price target on shares of Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research note on Friday, May 15th.

Nova Stock Performance

Nova stock opened at $402.38 on Thursday. Nova has a fifty-two week low of $232.73 and a fifty-two week high of $615.99. The stock has a market cap of $12.79 billion, a P/E ratio of 50.17, a price-to-earnings-growth ratio of 2.99 and a beta of 1.78. The firm’s fifty day moving average price is $485.24 and its 200-day moving average price is $476.74.

Nova (NASDAQ:NVMI) last announced its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.13. The company had revenue of $235.31 million during the quarter, compared to analyst estimates of $227.02 million. Nova had a net margin of 29.21% and a return on equity of 21.77%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, analysts predict that Nova will post 9.46 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Gabriel Waisman sold 2,966 shares of the business’s 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 owned 28,714 shares of the company’s stock, valued at approximately $14,394,328.20. The trade was a 9.36% decrease in their position. The transaction 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, Director Sarit Sagiv sold 454 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $536.52, for a total value of $243,580.08. Following the sale, the director owned 1,951 shares of the company’s stock, valued at $1,046,750.52. This represents a 18.88% 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. In the last 90 days, insiders sold 7,798 shares of company stock worth $4,125,266. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP lifted its position in shares of Nova by 4.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock worth $605,701,000 after purchasing an additional 102,250 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Nova by 47.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,166,073 shares of the semiconductor company’s stock valued at $940,683,000 after buying an additional 697,210 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Nova by 7.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,493,657 shares of the semiconductor company’s stock valued at $490,502,000 after buying an additional 98,000 shares during the period. Vanguard Group Inc. raised its stake in Nova by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,128,957 shares of the semiconductor company’s stock worth $377,402,000 after buying an additional 15,195 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Nova by 4.4% in the fourth quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company’s stock worth $208,293,000 after buying an additional 26,940 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.