Yaniv Garty Sells 426 Shares of Nova (NASDAQ:NVMI) Stock

Nova Ltd. (NASDAQ:NVMI) Director Yaniv Garty sold 426 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $514.49, for a total transaction of $219,172.74. Following the transaction, the director owned 2,038 shares of the company’s stock, valued at $1,048,530.62. The trade was a 17.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Thursday, April 2nd, Yaniv Garty sold 55 shares of Nova stock. The shares were sold at an average price of $425.00, for a total transaction of $23,375.00.

Nova Trading Up 3.6%

Shares of NASDAQ:NVMI traded up $17.10 during trading on Wednesday, reaching $489.59. 114,481 shares of the stock were exchanged, compared to its average volume of 387,238. The firm has a market cap of $15.56 billion, a PE ratio of 61.05, a PEG 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. The stock has a 50-day moving average price of $483.54 and a 200-day moving average price of $415.09.

Nova (NASDAQ:NVMI) last released its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.13. The firm had revenue of $235.31 million during the quarter, compared to analysts’ expectations of $227.02 million. Nova had a return on equity of 21.77% and a net margin of 29.21%.The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, sell-side analysts expect that Nova Ltd. will post 9.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NVMI has been the topic of a number of research analyst reports. Jefferies Financial Group increased 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. Zacks Research lowered Nova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Weiss Ratings raised shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Needham & Company LLC increased their target price on shares of Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley set a $494.00 target price on shares of Nova in a report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $518.22.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NVMI. Smartleaf Asset Management LLC bought a new position in shares of Nova in the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC purchased a new position in Nova during the 3rd quarter valued at $40,000. CIBC Private Wealth Group LLC increased its position in shares of Nova by 75.7% during the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 56 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Nova by 2,042.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 143 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of 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 acquiring an additional 128 shares during the period. 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.