Clal Insurance Enterprises Holdings Ltd Sells 123,000 Shares of Nova Ltd. $NVMI

Clal Insurance Enterprises Holdings Ltd decreased its position in Nova Ltd. (NASDAQ:NVMI) by 9.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,204,147 shares of the semiconductor company’s stock after selling 123,000 shares during the quarter. Nova comprises about 2.6% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 8th biggest position. Clal Insurance Enterprises Holdings Ltd’s holdings in Nova were worth $396,938,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NVMI. Royal Bank of Canada grew its holdings in Nova by 660.4% in the first quarter. Royal Bank of Canada now owns 10,668 shares of the semiconductor company’s stock valued at $1,966,000 after purchasing an additional 9,265 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Nova by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 128 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Nova in the second quarter valued at $5,445,000. EverSource Wealth Advisors LLC grew its holdings in Nova by 62.5% in the second 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. Finally, Marshall Wace LLP acquired a new stake in Nova in the second quarter valued at $1,886,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Stock Up 4.2%

NVMI opened at $583.05 on Friday. The firm has a market cap of $18.53 billion, a P/E ratio of 72.70, a PEG ratio of 4.06 and a beta of 1.75. Nova Ltd. has a 52 week low of $217.50 and a 52 week high of $588.40. The business’s fifty day simple moving average is $507.47 and its 200 day simple moving average is $440.02.

Nova (NASDAQ:NVMI) last issued its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. Nova had a return on equity of 21.77% and a net margin of 29.21%.The firm had revenue of $235.31 million for the quarter, compared to analyst estimates of $227.02 million. During the same period last year, the company earned $2.18 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, equities analysts expect that Nova Ltd. will post 9.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Nova news, Director Sarit Sagiv sold 426 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $514.49, for a total value of $219,172.74. Following the sale, the director directly owned 2,437 shares of the company’s stock, valued at approximately $1,253,812.13. This trade represents a 14.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yaniv Garty sold 426 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $514.49, for a total value of $219,172.74. Following the completion of the sale, the director directly owned 2,038 shares in the company, valued at approximately $1,048,530.62. The trade was a 17.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 2,411 shares of company stock valued at $1,243,018. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NVMI. Needham & Company LLC increased their price objective on Nova from $500.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Zacks Research lowered Nova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Jefferies Financial Group increased their price objective on Nova from $520.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Barclays increased their price objective on Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Finally, Evercore reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Nova in a research note on Friday, May 15th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $518.22.

Nova 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.