SEB Asset Management AB Invests $833,000 in Nova Ltd. $NVMI

SEB Asset Management AB purchased a new stake in Nova Ltd. (NASDAQ:NVMI) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,938 shares of the semiconductor company’s stock, valued at approximately $833,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vision Retirement LLC bought a new position in shares of Nova during the 1st quarter worth about $773,000. Swiss National Bank lifted its position in shares of Nova by 28.4% during the 1st quarter. Swiss National Bank now owns 109,312 shares of the semiconductor company’s stock worth $46,861,000 after buying an additional 24,174 shares during the period. Jag Capital Management LLC acquired a new stake in shares of Nova in the 1st quarter valued at $503,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Nova by 47.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,166,073 shares of the semiconductor company’s stock valued at $940,683,000 after buying an additional 697,210 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its position in Nova by 15.3% during the 1st quarter. Y.D. More Investments Ltd now owns 377,579 shares of the semiconductor company’s stock worth $161,888,000 after acquiring an additional 50,154 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Buying and Selling

In other news, Director Sarit Sagiv sold 454 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $536.52, for a total value of $243,580.08. Following the completion of the transaction, the director directly owned 1,951 shares in the company, valued at approximately $1,046,750.52. The trade was a 18.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gabriel Waisman sold 2,966 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $501.30, for a total value of $1,486,855.80. Following the sale, the chief executive officer owned 28,714 shares of the company’s stock, valued at $14,394,328.20. The trade was a 9.36% 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. Over the last three months, insiders sold 7,798 shares of company stock worth $4,125,266. 1.00% of the stock is owned by corporate insiders.

Nova Stock Performance

Shares of NVMI opened at $455.37 on Friday. The firm has a market cap of $14.47 billion, a P/E ratio of 56.78, a price-to-earnings-growth ratio of 3.29 and a beta of 1.74. Nova Ltd. has a 52 week low of $232.73 and a 52 week high of $615.99. The firm’s 50-day simple moving average is $502.74 and its 200 day simple moving average is $476.37.

Nova (NASDAQ:NVMI) last issued its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, beating 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 in the prior year, the firm posted $2.18 EPS. The company’s revenue for the quarter 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 forecast that Nova Ltd. will post 9.46 earnings per share for the current year.

Analyst Ratings Changes

NVMI has been the subject of several research reports. Weiss Ratings cut shares of Nova from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Citigroup boosted their target price on Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Morgan Stanley raised their price objective on Nova from $494.00 to $540.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Research cut Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $556.67.

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.