Nova (NASDAQ:NVMI) Director Sells 366 Shares

Nova Ltd. (NASDAQ:NVMI) Director Yaniv Garty sold 366 shares of the business’s stock in a transaction 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 2,006 shares of the company’s stock, valued at $1,165,887.20. This trade represents a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $23,375.00.

Nova Stock Performance

Shares of NVMI stock opened at $518.85 on Thursday. The company has a market capitalization of $16.49 billion, a PE ratio of 64.69, a price-to-earnings-growth ratio of 3.83 and a beta of 1.75. 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.

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

Analyst Ratings Changes

Several research firms recently weighed in on NVMI. Weiss Ratings upgraded shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Zacks Research lowered shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Citigroup boosted their price target 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. Needham & Company LLC increased their price target on shares of Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Nova presently has a consensus rating of “Moderate Buy” and an average price target of $545.50.

Hedge Funds Weigh In On Nova

A number of large investors have recently modified their holdings of NVMI. EverSource Wealth Advisors LLC boosted its stake in Nova by 9.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 280 shares of the semiconductor company’s stock worth $92,000 after buying an additional 24 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Nova by 2.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,124 shares of the semiconductor company’s stock worth $488,000 after acquiring an additional 30 shares in the last quarter. Signaturefd LLC raised its stake in shares of Nova by 4.5% during the fourth quarter. Signaturefd LLC now owns 992 shares of the semiconductor company’s stock worth $326,000 after acquiring an additional 43 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Nova by 20.0% during the first quarter. Parallel Advisors LLC now owns 264 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 44 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Nova by 16.1% in the 4th quarter. Farther Finance Advisors LLC now owns 347 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 48 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.