Assenagon Asset Management S.A. Has $39.08 Million Stake in Nova Ltd. $NVMI

Assenagon Asset Management S.A. increased its stake in Nova Ltd. (NASDAQ:NVMI) by 18.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,955 shares of the semiconductor company’s stock after purchasing an additional 14,332 shares during the period. Assenagon Asset Management S.A.’s holdings in Nova were worth $39,075,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVMI. Legal Advantage Investments Inc. acquired a new position in shares of Nova during the first quarter valued at $217,000. Hsbc Holdings PLC grew its position in shares of Nova by 94.3% during the 4th quarter. Hsbc Holdings PLC now owns 27,115 shares of the semiconductor company’s stock worth $9,077,000 after buying an additional 13,160 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Nova by 19.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,084 shares of the semiconductor company’s stock valued at $1,013,000 after buying an additional 501 shares during the period. Virtu Financial LLC lifted its holdings in Nova by 579.3% in the fourth quarter. Virtu Financial LLC now owns 4,762 shares of the semiconductor company’s stock valued at $1,564,000 after buying an additional 4,061 shares during the period. Finally, Invesco Ltd. boosted its stake in Nova by 4.4% in the fourth quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company’s stock valued at $208,293,000 after acquiring an additional 26,940 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded Nova from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Morgan Stanley set a $494.00 price target on shares of Nova in a research report on Thursday, May 14th. Needham & Company LLC boosted their price objective on shares of Nova from $500.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, Evercore reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Nova in a research note on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $545.50.

Insider Transactions at Nova

In other news, Director Eitan Oppenhaim sold 1,504 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $519.48, for a total value of $781,297.92. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarit Sagiv sold 454 shares of Nova 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 transaction, the director directly owned 1,951 shares of the company’s stock, valued at $1,046,750.52. This represents a 18.88% 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 three months, insiders sold 4,887 shares of company stock worth $2,661,785. 1.00% of the stock is owned by company insiders.

Nova Stock Performance

Shares of Nova stock opened at $534.24 on Friday. The firm has a market cap of $16.98 billion, a PE ratio of 66.61, a P/E/G ratio of 3.79 and a beta of 1.75. The business’s 50 day simple moving average is $522.74 and its 200 day simple moving average is $456.56. Nova Ltd. has a 52-week low of $232.73 and a 52-week high of $615.99.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the company earned $2.18 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, equities research analysts predict that Nova Ltd. will post 9.44 EPS for the current 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.