Sarit Sagiv Sells 366 Shares of Nova (NASDAQ:NVMI) Stock

Nova Ltd. (NASDAQ:NVMI) Director Sarit Sagiv sold 366 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $581.20, for a total value of $212,719.20. Following the completion of the sale, the director owned 2,405 shares of the company’s stock, valued at approximately $1,397,786. This trade represents a 13.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Tuesday, June 23rd, Sarit Sagiv sold 454 shares of Nova stock. The stock was sold at an average price of $536.52, for a total transaction of $243,580.08.
• 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 transaction of $219,172.74.

Nova Trading Up 2.4%

NVMI opened at $534.24 on Friday. The stock has a market capitalization of $16.98 billion, a PE ratio of 66.61, a PEG ratio of 3.79 and a beta of 1.75. Nova Ltd. has a 1-year low of $232.73 and a 1-year high of $615.99. The firm has a 50-day moving average price of $522.74 and a two-hundred day moving average price of $456.56.

Nova (NASDAQ:NVMI) last announced its 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 net margin of 29.21% and a return on equity of 21.77%. The company had revenue of $235.31 million during the quarter, compared to the consensus estimate of $227.02 million. During the same period in the previous year, the firm posted $2.18 earnings per share. The company’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, research analysts predict that Nova Ltd. will post 9.44 EPS for the current year.

Analysts Set New Price Targets

NVMI has been the topic of several research reports. Evercore reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Nova in a report on Friday, May 15th. Barclays lifted their target price on Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Needham & Company LLC upped their price target on Nova from $500.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Zacks Research lowered Nova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings upgraded Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $545.50.

Hedge Funds Weigh In On Nova

A number of hedge funds and other institutional investors have recently bought and sold shares of NVMI. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Nova by 47.5% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,166,073 shares of the semiconductor company’s stock valued at $940,683,000 after acquiring an additional 697,210 shares during the last quarter. Invesco Ltd. boosted its position in shares of Nova by 185.4% in the 3rd quarter. Invesco Ltd. now owns 607,344 shares of the semiconductor company’s stock worth $194,144,000 after purchasing an additional 394,544 shares during the last quarter. Phoenix Financial Ltd. grew its stake in shares of Nova by 286.3% during the fourth quarter. Phoenix Financial Ltd. now owns 508,641 shares of the semiconductor company’s stock worth $167,115,000 after purchasing an additional 376,974 shares during the period. Norges Bank acquired a new stake in shares of Nova during the fourth quarter worth $109,568,000. Finally, Groupama Asset Managment bought a new stake in Nova in the third quarter valued at about $79,915,000. 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.