Nova (NASDAQ:NVMI) Director Sells $212,719.20 in Stock

Nova Ltd. (NASDAQ:NVMI) Director Yaniv Garty sold 366 shares of the 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 completion of the transaction, the director directly owned 2,006 shares of the company’s stock, valued at $1,165,887.20. The trade was a 15.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yaniv Garty also recently made the following trade(s):

• On Monday, May 18th, Yaniv Garty sold 426 shares of Nova stock. The stock was sold at an average price of $514.49, for a total transaction of $219,172.74.
• On Thursday, April 2nd, Yaniv Garty sold 55 shares of Nova stock. The stock was sold at an average price of $425.00, for a total transaction of $23,375.00.

Nova Trading Down 8.5%

NASDAQ NVMI opened at $488.58 on Friday. Nova Ltd. has a 12-month low of $232.73 and a 12-month high of $615.99. The company has a fifty day simple moving average of $522.16 and a two-hundred day simple moving average of $456.78. The stock has a market cap of $15.53 billion, a P/E ratio of 60.92, a P/E/G ratio of 3.54 and a beta of 1.75.

Nova (NASDAQ:NVMI) last announced its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. The firm had revenue of $235.31 million for the quarter, compared to analyst estimates of $227.02 million. Nova had a net margin of 29.21% and a return on equity of 21.77%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, sell-side analysts forecast that Nova Ltd. will post 9.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NVMI has been the topic of a number of recent research reports. Citigroup upped their target price on Nova from $520.00 to $595.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Zacks Research lowered shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Jefferies Financial Group lifted their price objective on shares of Nova from $520.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings upgraded shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Nova has an average rating of “Moderate Buy” and an average target price of $545.50.

Institutional Investors Weigh In On Nova

A number of hedge funds and other institutional investors have recently made changes to their positions in NVMI. Wasatch Advisors LP lifted its stake in shares of Nova by 4.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock valued at $605,701,000 after purchasing an additional 102,250 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in Nova by 47.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,166,073 shares of the semiconductor company’s stock valued at $940,683,000 after buying an additional 697,210 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Nova by 7.0% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,493,657 shares of the semiconductor company’s stock valued at $490,502,000 after buying an additional 98,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in Nova by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,128,957 shares of the semiconductor company’s stock valued at $377,402,000 after buying an additional 15,195 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Nova by 4.4% in the fourth quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company’s stock worth $208,293,000 after acquiring an additional 26,940 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.