Nova (NASDAQ:NVMI) Director Sarit Sagiv Sells 366 Shares of Stock

Nova Ltd. (NASDAQ:NVMI) Director Sarit Sagiv sold 366 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $581.20, for a total transaction of $212,719.20. Following the transaction, the director owned 2,405 shares of the company’s stock, valued at approximately $1,397,786. This represents a 13.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sarit Sagiv also recently made the following trade(s):

• On Tuesday, June 23rd, Sarit Sagiv sold 454 shares of Nova stock. The stock was sold at an average price of $536.52, for a total value of $243,580.08.
• On Monday, May 18th, Sarit Sagiv sold 426 shares of Nova stock. The shares were sold at an average price of $514.49, for a total value of $219,172.74.

Nova Stock Performance

Shares of NVMI opened at $518.85 on Thursday. Nova Ltd. has a 52-week low of $232.73 and a 52-week high of $615.99. The business’s fifty day moving average is $522.36 and its 200-day moving average is $455.08. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 64.69, a PEG ratio of 3.83 and a beta of 1.75.

Nova (NASDAQ:NVMI) last posted its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. Nova had a return on equity of 21.77% and a net margin of 29.21%.The company had revenue of $235.31 million during the quarter, compared to analysts’ expectations of $227.02 million. During the same quarter in the previous year, the firm earned $2.18 EPS. Nova’s revenue 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 forecast that Nova Ltd. will post 9.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on NVMI. Morgan Stanley set a $494.00 target price on shares of Nova in a report on Thursday, May 14th. Weiss Ratings raised shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Jefferies Financial Group upped their price objective 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. Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Citigroup boosted their target price on shares of Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $545.50.

Hedge Funds Weigh In On Nova

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC raised its stake in Nova by 119.8% during the fourth quarter. SG Americas Securities LLC now owns 4,360 shares of the semiconductor company’s stock worth $1,432,000 after buying an additional 2,376 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Nova by 21.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,565 shares of the semiconductor company’s stock worth $12,664,000 after acquiring an additional 6,804 shares during the period. Mizuho Markets Americas LLC acquired a new stake in Nova during the 4th quarter worth about $14,056,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Nova by 7.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,493,657 shares of the semiconductor company’s stock worth $490,502,000 after acquiring an additional 98,000 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of Nova by 2,128.7% in the 3rd quarter. Citigroup Inc. now owns 128,641 shares of the semiconductor company’s stock worth $41,121,000 after acquiring an additional 122,869 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

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.