Nova (NASDAQ:NVMI) Director Sarit Sagiv Sells 426 Shares

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

Nova Price Performance

NVMI opened at $494.03 on Thursday. Nova Ltd. has a fifty-two week low of $179.00 and a fifty-two week high of $565.00. The business has a 50-day moving average of $484.76 and a 200-day moving average of $416.15. The company has a market capitalization of $15.70 billion, a PE ratio of 61.60, a price-to-earnings-growth ratio of 3.46 and a beta of 1.78.

Nova (NASDAQ:NVMI) last posted its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share 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 the consensus estimate of $227.02 million. During the same period last year, the business earned $2.18 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, equities research analysts expect that Nova Ltd. will post 9.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wall Street Zen raised Nova from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Barclays raised their target price on Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Needham & Company LLC raised their target price on Nova from $500.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, Morgan Stanley set a $494.00 target price on Nova 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $518.22.

Institutional Trading of Nova

Institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC acquired a new stake in shares of Nova during the 4th quarter worth approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of Nova during the 3rd quarter worth approximately $40,000. CIBC Private Wealth Group LLC lifted its position in shares of Nova by 75.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after buying an additional 56 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Nova by 2,042.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock worth $48,000 after buying an additional 143 shares during the period. Finally, TD Private Client Wealth LLC bought a new position in shares of Nova during the 4th quarter worth approximately $74,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.