The Manufacturers Life Insurance Company Has $3.86 Million Stock Position in Nova Ltd. $NVMI

The Manufacturers Life Insurance Company lessened its position in shares of Nova Ltd. (NASDAQ:NVMI) by 17.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,037 shares of the semiconductor company’s stock after selling 1,848 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Nova were worth $3,864,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its position in shares of Nova by 18.1% in the 1st quarter. Quantinno Capital Management LP now owns 12,908 shares of the semiconductor company’s stock worth $5,606,000 after purchasing an additional 1,981 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Nova by 338.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 190,399 shares of the semiconductor company’s stock worth $82,434,000 after buying an additional 146,959 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Nova by 51.1% in the first quarter. Cetera Investment Advisers now owns 14,332 shares of the semiconductor company’s stock valued at $6,224,000 after buying an additional 4,844 shares during the period. First Trust Advisors LP lifted its holdings in Nova by 36.5% in the first quarter. First Trust Advisors LP now owns 1,867 shares of the semiconductor company’s stock valued at $811,000 after buying an additional 499 shares during the period. Finally, ABN Amro Investment Solutions bought a new stake in Nova during the first quarter valued at $3,848,000. Institutional investors own 82.99% of the company’s stock.

Nova Trading Up 3.1%

NVMI opened at $393.02 on Friday. The company has a fifty day moving average price of $480.56 and a two-hundred day moving average price of $475.70. Nova Ltd. has a 1-year low of $232.73 and a 1-year high of $615.99. The company has a market cap of $12.49 billion, a P/E ratio of 48.64, a price-to-earnings-growth ratio of 2.76 and a beta of 1.78.

Nova (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.10. Nova had a net margin of 28.84% and a return on equity of 22.13%. The company had revenue of $254.96 million for the quarter, compared to analysts’ expectations of $250.33 million. During the same quarter in the prior year, the firm earned $2.20 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Nova has set its Q3 2026 guidance at 2.700-2.850 EPS. On average, research analysts forecast that Nova Ltd. will post 9.46 EPS for the current fiscal year.

Key Nova News

Here are the key news stories impacting Nova this week:

• Positive Sentiment: Nova reported record second-quarter revenue of approximately $255.0 million, up 8% sequentially and 16% year over year. Earnings were $2.51 per share, exceeding the $2.41 consensus estimate and rising from $2.20 a year earlier. Nova Reports Record Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter guidance also surpassed expectations: Nova forecast EPS of $2.70–$2.85 versus the $2.64 analyst consensus, and revenue of $277 million–$287 million versus expectations of $276.7 million. This suggests continued demand for the company’s semiconductor measurement products. Nova Ltd. Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Needham lowered its price target to $570 from $640 but maintained a “Buy” rating, implying substantial upside from the current trading level. Benzinga
• Positive Sentiment: Cantor Fitzgerald reduced its target to $500 from $600 while retaining an “Overweight” rating, indicating analysts remain constructive despite more conservative valuations. Benzinga
• Neutral Sentiment: The target reductions may reflect valuation or broader semiconductor-sector caution. Nova trades at a relatively elevated earnings multiple, so further gains may depend on continued execution and delivery of its strong guidance.

Insider Transactions at Nova

In other news, Director Yaniv Garty sold 426 shares of the company’s 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 of the company’s stock, valued at $1,048,530.62. This represents a 17.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 on Tuesday, June 23rd. The stock was sold at an average price of $536.52, for a total value of $243,580.08. Following the completion of the transaction, the director owned 1,951 shares in the company, valued at approximately $1,046,750.52. This represents a 18.88% decrease in their ownership of the stock. 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 worth $4,125,266 in the last three months. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

NVMI has been the subject of several research analyst reports. Needham & Company LLC lowered their price objective on Nova from $640.00 to $570.00 and set a “buy” rating for the company in a research report on Friday. Zacks Research cut Nova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Morgan Stanley lifted their target price on Nova from $494.00 to $540.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Cantor Fitzgerald dropped their price target on Nova from $600.00 to $500.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Weiss Ratings lowered 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $519.44.

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.