TimesSquare Capital Management LLC Sells 4,970 Shares of Nova Ltd. $NVMI

TimesSquare Capital Management LLC cut its stake in Nova Ltd. (NASDAQ:NVMI) by 12.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,600 shares of the semiconductor company’s stock after selling 4,970 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Nova were worth $11,362,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NVMI. Invesco Ltd. increased its stake in shares of Nova by 185.4% in the 3rd quarter. Invesco Ltd. now owns 607,344 shares of the semiconductor company’s stock worth $194,144,000 after acquiring an additional 394,544 shares in the last quarter. Phoenix Financial Ltd. increased its stake in shares of 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 acquiring an additional 376,974 shares in the last quarter. Groupama Asset Managment bought a new position in shares of Nova in the 3rd quarter worth about $79,915,000. Rafferty Asset Management LLC bought a new position in shares of Nova in the 3rd quarter worth about $79,398,000. Finally, Barclays PLC increased its stake in shares of Nova by 2,672.2% in the 3rd quarter. Barclays PLC now owns 175,843 shares of the semiconductor company’s stock worth $56,210,000 after acquiring an additional 169,500 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Nova Stock Performance

Shares of NVMI stock opened at $472.49 on Wednesday. Nova Ltd. has a one year low of $179.00 and a one year high of $565.00. The company’s 50-day moving average is $483.54 and its 200 day moving average is $415.09. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 58.91, a price-to-earnings-growth ratio of 3.57 and a beta of 1.78.

Nova (NASDAQ:NVMI) last announced its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. Nova had a net margin of 29.21% and a return on equity of 21.77%. The company had revenue of $235.31 million for the quarter, compared to the consensus estimate of $227.02 million. During the same period in the prior year, the firm posted $2.18 EPS. Nova’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, research analysts predict that Nova Ltd. will post 9.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NVMI has been the subject of several research reports. Citigroup increased their price target on shares of Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group increased their price target on shares of Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Wall Street Zen raised shares of Nova from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Barclays increased their price objective on shares of Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $518.22.

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.