Assenagon Asset Management S.A. Takes Position in Nova Ltd. $NVMI

Assenagon Asset Management S.A. purchased a new stake in Nova Ltd. (NASDAQ:NVMI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 76,623 shares of the semiconductor company’s stock, valued at approximately $25,631,000. Assenagon Asset Management S.A. owned approximately 0.26% of Nova as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVMI. Wasatch Advisors LP raised its position in Nova by 4.9% during the second quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock valued at $605,701,000 after buying an additional 102,250 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in Nova by 6.4% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,428,607 shares of the semiconductor company’s stock valued at $456,669,000 after acquiring an additional 86,438 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Nova by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,113,762 shares of the semiconductor company’s stock valued at $354,172,000 after purchasing an additional 10,441 shares during the period. Invesco Ltd. increased its holdings in shares of Nova by 185.4% in the 3rd quarter. Invesco Ltd. now owns 607,344 shares of the semiconductor company’s stock valued at $194,144,000 after purchasing an additional 394,544 shares during the period. Finally, Lazard Asset Management LLC lifted its position in shares of Nova by 69.2% in the second quarter. Lazard Asset Management LLC now owns 359,221 shares of the semiconductor company’s stock worth $98,857,000 after purchasing an additional 146,932 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Bank of America raised their price target on shares of Nova from $380.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Citigroup upped their price objective on shares of Nova from $370.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Barclays initiated coverage on shares of Nova in a research report on Wednesday, March 11th. They issued an “overweight” rating and a $465.00 target price for the company. Morgan Stanley reissued an “outperform” rating and set a $453.00 target price on shares of Nova in a research note on Friday, February 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nova in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $442.25.

Nova Stock Down 0.9%

Shares of Nova stock opened at $481.28 on Thursday. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 60.08, a P/E/G ratio of 3.55 and a beta of 1.83. 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 52-week low of $153.99 and a 52-week high of $507.27. The stock has a 50-day simple moving average of $450.42 and a 200-day simple moving average of $368.32.

Nova (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, February 12th. The semiconductor company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.01. The firm had revenue of $222.62 million for the quarter, compared to the consensus estimate of $220.43 million. Nova had a return on equity of 22.90% and a net margin of 29.44%.The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.94 earnings per share. Nova has set its Q1 2026 guidance at 2.130-2.250 EPS. On average, equities research analysts expect that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.

Nova Company 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.