Renaissance Technologies LLC Sells 55,120 Shares of Nova Ltd. $NVMI

Renaissance Technologies LLC cut its position in Nova Ltd. (NASDAQ:NVMI) by 9.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 510,866 shares of the semiconductor company’s stock after selling 55,120 shares during the period. Renaissance Technologies LLC’s holdings in Nova were worth $221,859,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in shares of Nova by 338.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 190,399 shares of the semiconductor company’s stock valued at $82,434,000 after acquiring an additional 146,959 shares in the last quarter. Cetera Investment Advisers lifted its position in Nova by 51.1% in the 1st quarter. Cetera Investment Advisers now owns 14,332 shares of the semiconductor company’s stock valued at $6,224,000 after acquiring an additional 4,844 shares in the last quarter. First Trust Advisors LP boosted its stake in Nova by 36.5% during the 1st quarter. First Trust Advisors LP now owns 1,867 shares of the semiconductor company’s stock valued at $811,000 after purchasing an additional 499 shares during the last quarter. ABN Amro Investment Solutions purchased a new stake in Nova during the 1st quarter valued at $3,848,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Nova by 12.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,715 shares of the semiconductor company’s stock worth $745,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Price Performance

NASDAQ NVMI opened at $437.98 on Friday. The business’s fifty day moving average price is $501.31 and its 200-day moving average price is $476.11. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 3.30 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 quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 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 return on equity of 21.77% and a net margin of 29.21%.Nova’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Equities research analysts anticipate that Nova Ltd. will post 9.46 EPS for the current year.

Insider Transactions at Nova

In other Nova news, Director Eitan Oppenhaim sold 1,504 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $519.48, for a total transaction of $781,297.92. Following the completion of the sale, the director directly owned 6,668 shares in the company, valued at $3,463,892.64. The trade was a 18.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarit Sagiv sold 454 shares of the company’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 directly owned 1,951 shares of the company’s stock, valued at $1,046,750.52. The trade was a 18.88% decrease in their position. 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. Over the last three months, insiders sold 7,798 shares of company stock valued at $4,125,266. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NVMI. Jefferies Financial Group boosted their price target on Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings downgraded Nova from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $600.00 target price on shares of Nova in a research report on Tuesday, July 14th. Evercore restated an “outperform” rating and set a $600.00 target price on shares of Nova in a research note on Friday, May 15th. Finally, Wall Street Zen raised shares of Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $556.67.

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.