Public Sector Pension Investment Board Invests $5.22 Million in Nova Ltd. $NVMI

Public Sector Pension Investment Board purchased a new stake in shares of Nova Ltd. (NASDAQ:NVMI) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,418 shares of the semiconductor company’s stock, valued at approximately $5,216,000. Public Sector Pension Investment Board owned 0.06% of Nova as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in NVMI. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Nova in the 3rd quarter worth approximately $10,153,000. American Century Companies Inc. increased its holdings in Nova by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 147,657 shares of the semiconductor company’s stock valued at $40,635,000 after purchasing an additional 12,957 shares during the last quarter. Congress Asset Management Co. increased its holdings in Nova by 2.7% in the 3rd quarter. Congress Asset Management Co. now owns 286,076 shares of the semiconductor company’s stock valued at $91,447,000 after purchasing an additional 7,438 shares during the last quarter. Cetera Investment Advisers raised its position in Nova by 33.0% in the second quarter. Cetera Investment Advisers now owns 6,662 shares of the semiconductor company’s stock valued at $1,833,000 after purchasing an additional 1,653 shares during the period. Finally, Y.D. More Investments Ltd lifted its stake in Nova by 6.8% during the second quarter. Y.D. More Investments Ltd now owns 318,035 shares of the semiconductor company’s stock worth $89,781,000 after purchasing an additional 20,114 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVMI has been the subject of several research analyst reports. Bank of America raised their price target on Nova from $380.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a research note on Monday, December 22nd. Citigroup lifted their target price on Nova from $370.00 to $520.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Jefferies Financial Group reiterated a “buy” rating and set a $520.00 price target on shares of Nova in a research note on Thursday, February 12th. Finally, Benchmark increased their price target on shares of Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $439.00.

Nova Trading Down 2.0%

NVMI opened at $442.67 on Friday. The business has a fifty day moving average price of $403.96 and a 200 day moving average price of $336.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 6.28 and a quick ratio of 5.47. Nova Ltd. has a 12 month low of $153.99 and a 12 month high of $507.27. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 55.26, a PEG ratio of 3.30 and a beta of 1.84.

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