Nova (NASDAQ:NVMI) Director Sarit Sagiv Sells 454 Shares

Nova Ltd. (NASDAQ:NVMI) Director Sarit Sagiv sold 454 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $536.52, for a total transaction of $243,580.08. Following the completion of the transaction, the director owned 1,951 shares in the company, valued at approximately $1,046,750.52. This trade represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sarit Sagiv also recently made the following trade(s):

• On Monday, June 22nd, Sarit Sagiv sold 366 shares of Nova stock. The stock was sold at an average price of $581.20, for a total transaction of $212,719.20.
• 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 Stock Performance

Shares of NASDAQ NVMI traded down $16.11 during mid-day trading on Wednesday, hitting $511.77. 164,984 shares of the stock were exchanged, compared to its average volume of 405,173. Nova Ltd. has a twelve month low of $232.73 and a twelve month high of $615.99. The stock’s fifty day simple moving average is $522.12 and its two-hundred day simple moving average is $453.68. The company has a market cap of $16.27 billion, a P/E ratio of 63.81, a PEG ratio of 4.23 and a beta of 1.75.

Nova (NASDAQ:NVMI) last announced 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. The business 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%.Nova’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.18 EPS. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, equities research analysts predict that Nova Ltd. will post 9.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

NVMI has been the topic of several research analyst reports. Citigroup increased their target price on Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Needham & Company LLC lifted their price target on Nova from $500.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Jefferies Financial Group upped their price target on shares of Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Evercore reissued an “outperform” rating and set a $600.00 price objective on shares of Nova in a report on Friday, May 15th. 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Nova presently has a consensus rating of “Moderate Buy” and an average target price of $545.50.

Institutional Investors Weigh In On Nova

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC bought a new stake in shares of Nova during the fourth quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Nova during the third quarter valued at $40,000. CIBC Private Wealth Group LLC boosted its holdings in Nova by 75.7% in the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Nova by 2,042.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 143 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Nova by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 128 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

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.