Nova (NASDAQ:NVMI) Price Target Cut to $420.00 by Analysts at Needham & Company LLC

06 Nov 2026, 09:49 by Danessa Lincoln · The Markets Daily

Nova (NASDAQ:NVMI – Free Report) had its target price reduced by Needham & Company LLC from $570.00 to $420.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other analysts have also issued reports on the stock. Evercore set a $475.00 price target on shares of Nova in a research report on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and issued a $600.00 target price on shares of Nova in a report on Thursday, August 6th. Wall Street Zen cut shares of Nova from a “hold” rating to a “sell” rating in a research report on Sunday, October 25th. Citigroup cut shares of Nova from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $550.00 to $415.00 in a research report on Thursday, October 8th. Finally, Cantor Fitzgerald lowered their price target on Nova from $600.00 to $500.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Nova presently has an average rating of “Moderate Buy” and a consensus target price of $482.78.

Get Our Latest Stock Report on NVMI

Nova Price Performance

Shares of NVMI opened at $280.30 on Thursday. The firm has a market cap of $8.91 billion, a P/E ratio of 34.69, a P/E/G ratio of 1.47 and a beta of 1.85. Nova has a 1 year low of $266.43 and a 1 year high of $615.99. The stock has a 50 day simple moving average of $347.53 and a two-hundred day simple moving average of $437.96.

Nova (NASDAQ:NVMI – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.09. Nova had a net margin of 28.84% and a return on equity of 21.41%. The firm had revenue of $287.84 million during the quarter, compared to analyst estimates of $282.23 million. During the same period in the previous year, the business posted $2.16 EPS. The business’s quarterly revenue was up 28.2% on a year-over-year basis. Nova has set its Q4 2026 guidance at 3.030-3.180 EPS. On average, equities analysts anticipate that Nova will post 9.89 earnings per share for the current year.

Nova announced that its Board of Directors has authorized a stock buyback program on Wednesday, September 2nd that permits the company to buy back $200 million in shares. This repurchase authorization permits the semiconductor company to reacquire up to 1.9% of its shares through open market purchases. Share repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Nova

In other news, CEO Gabriel Waisman sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $342.27, for a total value of $513,405.00. Following the sale, the chief executive officer directly owned 27,214 shares of the company’s stock, valued at $9,314,535.78. The trade was a 5.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shay Wolfing sold 3,864 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $363.28, for a total value of $1,403,713.92. Following the completion of the sale, the insider owned 21,409 shares in the company, valued at $7,777,461.52. The trade was a 15.29% 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. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Nova

Several institutional investors have recently bought and sold shares of NVMI. Allworth Financial LP bought a new stake in Nova during the second quarter valued at about $38,000. IFP Advisors Inc increased its stake in shares of Nova by 688.9% in the second quarter. IFP Advisors Inc now owns 71 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 62 shares in the last quarter. Mather Group LLC. raised its position in shares of Nova by 214.3% during the 3rd quarter. Mather Group LLC. now owns 154 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 105 shares during the period. Strategic Investment Advisors MI purchased a new position in shares of Nova during the 1st quarter valued at $109,000. Finally, Parallel Advisors LLC increased its stake in Nova by 20.0% in the 1st quarter. Parallel Advisors LLC now owns 264 shares of the semiconductor company’s stock worth $115,000 after buying an additional 44 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Nova News Roundup

Here are the key news stories impacting Nova this week:

Positive Sentiment: Q3 revenue reached a record $287.8 million, up 28.2% year over year, while EPS of $2.86 beat the $2.77 consensus. Nova reports record third-quarter 2026 financial results
Positive Sentiment: Nova forecast Q4 EPS of $3.03–$3.18, slightly above the $3.02 consensus, and revenue of $305–$315 million, broadly around expectations. Management also highlighted strong growth and visibility into 2027. Nova earnings call highlights strong growth and 2027 visibility
Neutral Sentiment: Needham lowered its price target from $570 to $420 but maintained a Buy rating. The reduced target may temper optimism, although the analyst remains positive on the shares. Needham analyst ratings
Negative Sentiment: Despite the earnings beat and solid outlook, NVMI traded lower, indicating investors may have been looking for a stronger forecast or taking profits. The lower Needham target may also have weighed on sentiment. Nova Q3 beats on revenue but stock drops

Nova Company Profile

(Get Free Report)

Nova Ltd. (NASDAQ: NVMI) develops and supplies metrology and process-control solutions for the semiconductor manufacturing industry. Its systems help chipmakers measure and control critical dimensions, film thickness, material properties and other characteristics during the production of integrated circuits.

The company’s product portfolio includes optical and X-ray metrology systems, chemical metrology solutions, and related software and analytics tools. These technologies are used in multiple stages of semiconductor fabrication, including front-end wafer processing and advanced packaging, to support process development, yield improvement and manufacturing control.