Nova (NASDAQ:NVMI) Director Sells $749,748.00 in Stock

Nova Ltd. (NASDAQ:NVMI) Director Eitan Oppenhaim sold 1,290 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $581.20, for a total value of $749,748.00. Following the completion of the sale, the director owned 6,421 shares in the company, valued at $3,731,885.20. The trade was a 16.73% decrease in their position. The transaction was disclosed in a legal filing 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.

Eitan Oppenhaim also recently made the following trade(s):

• On Tuesday, May 26th, Eitan Oppenhaim sold 1,504 shares of Nova stock. The stock was sold at an average price of $519.48, for a total transaction of $781,297.92.

Nova Stock Down 8.5%

Shares of NASDAQ NVMI opened at $488.58 on Friday. Nova Ltd. has a twelve month low of $232.73 and a twelve month high of $615.99. The company has a 50 day moving average of $522.16 and a 200 day moving average of $456.78. The firm has a market cap of $15.53 billion, a P/E ratio of 60.92, a PEG ratio of 3.87 and a beta of 1.75.

Nova (NASDAQ:NVMI) last announced its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) 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 the consensus estimate 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 posted $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, equities analysts expect that Nova Ltd. will post 9.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVMI. Barclays raised their price objective on shares of Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Wall Street Zen raised Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Needham & Company LLC upped their price objective on Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Zacks Research cut Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Jefferies Financial Group lifted their target price on Nova from $520.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $545.50.

Institutional Investors Weigh In On Nova

A number of hedge funds have recently made changes to their positions in NVMI. Smartleaf Asset Management LLC bought a new position in Nova during the fourth quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in Nova in the 3rd quarter worth approximately $40,000. CIBC Private Wealth Group LLC increased its stake in Nova by 75.7% in the 3rd 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 last quarter. Caitong International Asset Management Co. Ltd raised its holdings 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 acquiring an additional 143 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Nova by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 128 shares in the last quarter. 82.99% of the stock is currently 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.