Insider Selling: Nova (NASDAQ:NVMI) Director Sells 366 Shares of Stock

Nova Ltd. (NASDAQ:NVMI) Director Sarit Sagiv sold 366 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 2,405 shares of the company’s stock, valued at $1,397,786. The trade was a 13.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 Tuesday, June 23rd, Sarit Sagiv sold 454 shares of Nova stock. The shares were sold at an average price of $536.52, for a total value 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 value of $219,172.74.

Nova Stock Performance

NASDAQ NVMI traded down $16.11 during trading hours on Wednesday, hitting $511.77. 164,984 shares of the company traded hands, compared to its average volume of 405,173. The business’s 50-day moving average is $522.12 and its 200-day moving average is $453.68. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 63.81, a P/E/G ratio of 4.23 and a beta of 1.75. Nova Ltd. has a twelve month low of $232.73 and a twelve month high of $615.99.

Nova (NASDAQ:NVMI) last posted its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share 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 firm had revenue of $235.31 million for the quarter, compared to analyst estimates of $227.02 million. During the same quarter in the previous year, the firm earned $2.18 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Analysts predict that Nova Ltd. will post 9.44 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC bought a new stake in Nova in the 4th quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Nova during the 3rd quarter valued at $40,000. CIBC Private Wealth Group LLC boosted its position in Nova by 75.7% during the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 56 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Nova by 2,042.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 143 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Nova by 51.6% during 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.

Wall Street Analyst Weigh In

NVMI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Evercore reissued an “outperform” rating and issued a $600.00 price objective on shares of Nova in a research report on Friday, May 15th. Needham & Company LLC lifted their price objective on shares of Nova from $500.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Barclays boosted their price objective on shares of Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Finally, Weiss Ratings raised shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $545.50.

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.