Munro Partners Has $11.98 Million Stake in Nova Ltd. $NVMI

by · The Markets Daily

Munro Partners grew its stake in Nova Ltd. (NASDAQ:NVMI – Free Report) by 52.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 36,480 shares of the semiconductor company’s stock after buying an additional 12,550 shares during the period. Munro Partners’ holdings in Nova were worth $11,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of NVMI. Smartleaf Asset Management LLC acquired a new stake in Nova in the 4th quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Nova in the 3rd quarter worth $40,000. CIBC Private Wealth Group LLC grew its position in Nova by 75.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Nova by 2,042.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 143 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Nova by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 128 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nova

In other Nova news, Director Yaniv Garty sold 426 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $514.49, for a total value of $219,172.74. Following the completion of the transaction, the director directly owned 2,038 shares of the company’s stock, valued at approximately $1,048,530.62. The trade was a 17.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the director directly owned 6,668 shares of the company’s stock, valued at approximately $3,463,892.64. This represents a 18.40% decrease in their ownership of the stock. 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. Insiders have sold a total of 2,411 shares of company stock worth $1,243,018 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NVMI shares. Evercore reiterated an “outperform” rating and set a $600.00 target price on shares of Nova in a research report on Friday, May 15th. Needham & Company LLC lifted their target price 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. Jefferies Financial Group lifted their target price on shares of Nova from $520.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Citigroup lifted their target price on shares of Nova from $520.00 to $595.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Zacks Research lowered shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $518.22.

Read Our Latest Stock Report on NVMI

Nova Stock Performance

Shares of Nova stock opened at $605.65 on Tuesday. The firm’s 50-day simple moving average is $510.74 and its 200-day simple moving average is $443.16. Nova Ltd. has a twelve month low of $224.00 and a twelve month high of $615.99. The firm has a market cap of $19.25 billion, a P/E ratio of 75.52, a price-to-earnings-growth ratio of 4.23 and a beta of 1.75.

Nova (NASDAQ:NVMI – Get Free Report) last issued its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. The business had revenue of $235.31 million for 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 revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.18 EPS. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, equities analysts forecast that Nova Ltd. will post 9.44 earnings per share for the current fiscal year.

Nova Profile

(Free Report)

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.

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