ARK Investment Management LLC Sells 2,455 Shares of Nova Ltd. $NVMI

ARK Investment Management LLC decreased its position in shares of Nova Ltd. (NASDAQ:NVMI) by 26.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,930 shares of the semiconductor company’s stock after selling 2,455 shares during the quarter. ARK Investment Management LLC’s holdings in Nova were worth $2,215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NVMI. SBI Securities Co. Ltd. lifted its position in shares of Nova by 51.9% during the second quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 56 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Nova by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 128 shares during the period. EverSource Wealth Advisors LLC grew its stake in Nova by 62.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 100 shares during the last quarter. Smithfield Trust Co purchased a new stake in Nova during the 3rd quarter valued at about $128,000. Finally, Rexford Capital Inc. acquired a new stake in Nova during the 2nd quarter valued at approximately $138,000. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

NVMI has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a $520.00 price objective on shares of Nova in a research note on Thursday, February 12th. Evercore reaffirmed an “outperform” rating and set a $485.00 target price on shares of Nova in a report on Friday, February 13th. Morgan Stanley reiterated an “outperform” rating and issued a $453.00 target price on shares of Nova in a research note on Friday, February 13th. Bank of America lifted their price target on Nova from $380.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Benchmark upped their target price on Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $439.00.

Nova Stock Down 0.9%

Shares of NASDAQ:NVMI opened at $437.60 on Friday. Nova Ltd. has a 52-week low of $153.99 and a 52-week high of $507.27. The stock has a market cap of $13.91 billion, a P/E ratio of 54.63, a PEG ratio of 3.23 and a beta of 1.83. The business has a fifty day moving average of $427.87 and a two-hundred day moving average of $348.71. The company has a quick ratio of 5.47, a current ratio of 6.28 and a debt-to-equity ratio of 0.56.

Nova (NASDAQ:NVMI) last posted its quarterly earnings results on Thursday, February 12th. The semiconductor company reported $2.14 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $220.43 million. During the same quarter in the previous year, the firm earned $1.94 EPS. The company’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. On average, research analysts expect that Nova Ltd. will post 7.52 earnings per share for the current year.

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.