Nova (NASDAQ:NVMI) Director Sells $219,172.74 in Stock

Nova Ltd. (NASDAQ:NVMI) Director Sarit Sagiv sold 426 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $514.49, for a total value of $219,172.74. Following the completion of the transaction, the director owned 2,437 shares in the company, valued at $1,253,812.13. This trade represents a 14.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nova Trading Up 3.6%

Shares of NASDAQ:NVMI traded up $17.10 during trading on Wednesday, hitting $489.59. 114,481 shares of the stock were exchanged, compared to its average volume of 387,238. The company has a fifty day moving average price of $483.54 and a two-hundred day moving average price of $415.09. The company has a market cap of $15.56 billion, a PE ratio of 61.05, a P/E/G ratio of 3.57 and a beta of 1.78. Nova Ltd. has a 12-month low of $179.00 and a 12-month high of $565.00.

Nova (NASDAQ:NVMI) last issued its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. The company 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%.Nova’s revenue was up 10.3% on a year-over-year basis. 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. Equities research analysts anticipate that Nova Ltd. will post 9.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NVMI. EverSource Wealth Advisors LLC raised its stake in shares of Nova by 9.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 280 shares of the semiconductor company’s stock worth $92,000 after buying an additional 24 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Nova by 2.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,124 shares of the semiconductor company’s stock worth $488,000 after purchasing an additional 30 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Nova by 3.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock worth $375,000 after acquiring an additional 37 shares in the last quarter. Signaturefd LLC raised its position in Nova by 4.5% in the 4th quarter. Signaturefd LLC now owns 992 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 43 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Nova by 20.0% in the 1st quarter. Parallel Advisors LLC now owns 264 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on NVMI shares. Zacks Research lowered shares of Nova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Citigroup lifted their price target on shares of Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wall Street Zen raised shares of Nova from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Finally, Needham & Company LLC boosted 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. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.22.

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.