Healthcare of Ontario Pension Plan Trust Fund Sells 50,684 Shares of Nova Ltd. $NVMI

Healthcare of Ontario Pension Plan Trust Fund trimmed its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 29.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,326 shares of the semiconductor company’s stock after selling 50,684 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Nova were worth $52,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NVMI. Royal Bank of Canada lifted its position in shares of Nova by 660.4% during the 1st quarter. Royal Bank of Canada now owns 10,668 shares of the semiconductor company’s stock worth $1,966,000 after buying an additional 9,265 shares during the period. Advisors Asset Management Inc. boosted its stake in Nova by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 128 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Nova in the second quarter valued at $5,445,000. EverSource Wealth Advisors LLC grew its position 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 acquiring an additional 100 shares during the period. Finally, Marshall Wace LLP bought a new stake in Nova in the second quarter valued at $1,886,000. 82.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Gabriel Waisman sold 2,966 shares of Nova stock in a transaction dated 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 completion of the transaction, the chief executive officer directly 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 transaction was disclosed in a filing with the SEC, which is available 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 dated Tuesday, June 23rd. The stock was sold at an average price of $536.52, for a total transaction of $243,580.08. Following the transaction, the director owned 1,951 shares in the company, valued at approximately $1,046,750.52. This trade represents a 18.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 7,798 shares of company stock valued at $4,125,266. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NVMI has been the subject of a number of analyst reports. Barclays lifted their price objective on Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Weiss Ratings lowered shares of Nova from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Jefferies Financial Group increased their target price on shares of Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Needham & Company LLC lifted their price target on shares of Nova from $500.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $556.67.

Nova Price Performance

NVMI stock opened at $437.98 on Friday. The business has a fifty day moving average price of $501.31 and a 200 day moving average price of $476.11. Nova Ltd. has a fifty-two week low of $232.73 and a fifty-two week high of $615.99. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 54.61, a P/E/G ratio of 3.17 and a beta of 1.74.

Nova (NASDAQ:NVMI) last issued its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.13. The firm had revenue of $235.31 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $2.18 EPS. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, equities analysts expect that Nova Ltd. will post 9.46 earnings per share for the current fiscal year.

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.