Menora Mivtachim Holdings LTD. Cuts Stock Holdings in Nova Ltd. $NVMI

Key Points

• Menora Mivtachim trimmed its stake in Nova by 7.9%, selling 99,650 shares in Q3 and leaving it with 1,165,333 shares (3.96% of Nova) valued at $372.51 million — Nova is Menora's 13th largest holding and ~1.9% of its portfolio.
• Other institutions largely added to positions (Mirae Asset opened a ~$10.15M stake while American Century, Congress, Cetera and Y.D. More all increased holdings), leaving institutional ownership at about 82.99%.
• Analysts are broadly bullish — multiple firms raised or set price targets (Citigroup $520, Evercore $485, Barclays $465, Morgan Stanley $453) giving an average target of $442.25 — and Nova recently beat quarterly EPS expectations and set Q1 guidance of $2.13–$2.25.

Menora Mivtachim Holdings LTD. trimmed its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,165,333 shares of the semiconductor company's stock after selling 99,650 shares during the period. Nova makes up about 1.9% of Menora Mivtachim Holdings LTD.'s investment portfolio, making the stock its 13th largest holding. Menora Mivtachim Holdings LTD. owned 3.96% of Nova worth $372,510,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Nova in the 3rd quarter worth approximately $10,153,000. American Century Companies Inc. increased its position in Nova by 9.6% in the second quarter. American Century Companies Inc. now owns 147,657 shares of the semiconductor company's stock worth $40,635,000 after buying an additional 12,957 shares in the last quarter. Congress Asset Management Co. raised its stake in Nova by 2.7% during the 3rd quarter. Congress Asset Management Co. now owns 286,076 shares of the semiconductor company's stock worth $91,447,000 after acquiring an additional 7,438 shares during the period. Cetera Investment Advisers lifted its holdings in Nova by 33.0% during the second quarter. Cetera Investment Advisers now owns 6,662 shares of the semiconductor company's stock valued at $1,833,000 after purchasing an additional 1,653 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in Nova by 6.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 318,035 shares of the semiconductor company's stock worth $89,781,000 after buying an additional 20,114 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NVMI has been the subject of several recent analyst reports. Morgan Stanley restated an "outperform" rating and issued a $453.00 price target on shares of Nova in a research note on Friday, February 13th. Barclays assumed coverage on Nova in a research note on Wednesday. They set an "overweight" rating and a $465.00 price objective on the stock. Citigroup raised their target price on shares of Nova from $370.00 to $520.00 and gave the stock a "buy" rating in a report on Friday, February 13th. Bank of America boosted their price objective on Nova from $380.00 to $450.00 and gave the company a "buy" rating in a report on Tuesday, January 13th. Finally, Evercore reissued an "outperform" rating and issued a $485.00 price objective on shares of Nova in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $442.25.

Nova Stock Performance

NVMI stock opened at $420.11 on Friday. Nova Ltd. has a one year low of $153.99 and a one year high of $507.27. The firm has a market cap of $13.35 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 3.19 and a beta of 1.83. The company has a debt-to-equity ratio of 0.56, a quick ratio of 5.47 and a current ratio of 6.28. The firm has a 50-day simple moving average of $437.36 and a two-hundred day simple moving average of $354.79.

Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The semiconductor company reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.01. The firm had revenue of $222.62 million for the quarter, compared to the consensus estimate of $220.43 million. Nova had a net margin of 29.44% and a return on equity of 22.90%. The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 EPS. Nova has set its Q1 2026 guidance at 2.130-2.250 EPS. On average, equities analysts forecast that Nova Ltd. will post 7.52 EPS for the current fiscal year.

About Nova

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.

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