Nova (NASDAQ:NVMI) Director Sarit Sagiv Sells 454 Shares

Nova Ltd. (NASDAQ:NVMI) Director Sarit Sagiv sold 454 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $536.52, for a total value of $243,580.08. Following the completion of the transaction, the director directly owned 1,951 shares in the company, valued at approximately $1,046,750.52. This trade represents a 18.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 22nd, Sarit Sagiv sold 366 shares of Nova stock. The stock was sold at an average price of $581.20, for a total value of $212,719.20.
• On Monday, May 18th, Sarit Sagiv sold 426 shares of Nova stock. The stock was sold at an average price of $514.49, for a total value of $219,172.74.

Nova Trading Down 1.7%

NASDAQ NVMI opened at $518.85 on Thursday. Nova Ltd. has a 12 month low of $232.73 and a 12 month high of $615.99. The stock has a 50-day simple moving average of $522.36 and a 200 day simple moving average of $455.08. The company has a market capitalization of $16.49 billion, a PE ratio of 64.69, a P/E/G ratio of 3.83 and a beta of 1.75.

Nova (NASDAQ:NVMI) last issued its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The firm had revenue of $235.31 million for 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 revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business 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 predict that Nova Ltd. will post 9.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on NVMI shares. Wall Street Zen raised shares of Nova from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. 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. 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. Evercore restated an “outperform” rating and issued a $600.00 price objective on shares of Nova in a research report on Friday, May 15th. Finally, Barclays raised their price objective on Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $545.50.

Institutional Trading of Nova

Several hedge funds have recently bought and sold shares of NVMI. Wasatch Advisors LP lifted its stake in Nova by 4.9% in the second quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock valued at $605,701,000 after buying an additional 102,250 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of 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 worth $940,683,000 after acquiring an additional 697,210 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Nova by 7.0% during the fourth 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 during the period. Vanguard Group Inc. raised its holdings in shares of Nova by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,128,957 shares of the semiconductor company’s stock worth $377,402,000 after acquiring an additional 15,195 shares during the period. Finally, Invesco Ltd. lifted its position in Nova by 4.4% in the 4th quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company’s stock valued at $208,293,000 after acquiring an additional 26,940 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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.