Pictet Asset Management Holding SA Boosts Holdings in Nova Ltd. $NVMI

Pictet Asset Management Holding SA grew its stake in Nova Ltd. (NASDAQ:NVMI) by 35.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,768 shares of the semiconductor company’s stock after purchasing an additional 4,923 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Nova were worth $8,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NVMI. Invesco Ltd. raised its position in shares of Nova by 185.4% during the 3rd quarter. Invesco Ltd. now owns 607,344 shares of the semiconductor company’s stock worth $194,144,000 after purchasing an additional 394,544 shares during the last quarter. Phoenix Financial Ltd. boosted its holdings in Nova by 286.3% in the 4th quarter. Phoenix Financial Ltd. now owns 508,641 shares of the semiconductor company’s stock worth $167,115,000 after buying an additional 376,974 shares during the last quarter. Norges Bank acquired a new stake in Nova in the 4th quarter worth about $109,568,000. Groupama Asset Managment purchased a new stake in Nova during the 3rd quarter worth approximately $79,915,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Nova during the 4th quarter worth approximately $56,158,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Stock Performance

NVMI stock opened at $470.14 on Friday. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 58.62, a PEG ratio of 3.41 and a beta of 1.74. Nova Ltd. has a 12 month low of $232.73 and a 12 month high of $615.99. The firm has a 50-day moving average of $519.81 and a two-hundred day moving average of $462.73.

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

Insider Buying and Selling

In other Nova news, Director Eitan Oppenhaim sold 1,504 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $519.48, for a total transaction of $781,297.92. Following the transaction, the director owned 6,668 shares of the company’s stock, valued at approximately $3,463,892.64. The trade was a 18.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarit Sagiv sold 454 shares of the company’s stock in a transaction 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 sale, the director owned 1,951 shares of the company’s stock, valued at approximately $1,046,750.52. The trade was a 18.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 4,832 shares of company stock worth $2,638,410. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NVMI shares. Zacks Research cut Nova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Citigroup lifted their price target on Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Barclays boosted their price target on Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. 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. Finally, Needham & Company LLC raised their price objective on Nova from $500.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Nova presently has a consensus rating of “Moderate Buy” and an average price target of $545.50.

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.