Nova (NASDAQ:NVMI) Director Sells $219,172.74 in Stock

Nova Ltd. (NASDAQ:NVMI) Director Yaniv Garty sold 426 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $514.49, for a total value of $219,172.74. Following the completion of the sale, the director directly owned 2,038 shares of the company’s stock, valued at $1,048,530.62. The trade was a 17.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 value of $23,375.00.

Nova Price Performance

Shares of Nova stock opened at $503.49 on Friday. Nova Ltd. has a one year low of $179.00 and a one year high of $565.00. The firm has a market capitalization of $16.00 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 3.64 and a beta of 1.78. The business has a 50-day simple moving average of $487.40 and a 200 day simple moving average of $417.82.

Nova (NASDAQ:NVMI) last issued its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, beating 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 business had revenue of $235.31 million during the quarter, compared to analyst estimates of $227.02 million. During the same period in the previous year, the company posted $2.18 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. 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 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on NVMI shares. Jefferies Financial Group boosted their price objective on Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Citigroup boosted their price objective on Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Barclays boosted their price objective on 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. Finally, Weiss Ratings raised Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $518.22.

Hedge Funds Weigh In On Nova

Institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Nova in the third quarter valued at approximately $10,153,000. Teacher Retirement System of Texas bought a new position in shares of Nova in the third quarter valued at approximately $1,375,000. SG Americas Securities LLC grew its holdings in shares of Nova by 119.8% in the fourth quarter. SG Americas Securities LLC now owns 4,360 shares of the semiconductor company’s stock valued at $1,432,000 after acquiring an additional 2,376 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Nova by 2,128.7% in the third quarter. Citigroup Inc. now owns 128,641 shares of the semiconductor company’s stock valued at $41,121,000 after acquiring an additional 122,869 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Nova by 0.9% in the third quarter. Vanguard Group Inc. now owns 1,113,762 shares of the semiconductor company’s stock valued at $354,172,000 after acquiring an additional 10,441 shares in the last quarter. 82.99% of the stock is owned by 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.