Nova (NASDAQ:NVMI) Director Sells $243,580.08 in Stock

Nova Ltd. (NASDAQ:NVMI) Director Sarit Sagiv sold 454 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $536.52, for a total value of $243,580.08. Following the transaction, the director directly owned 1,951 shares in the company, valued at $1,046,750.52. The trade was a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 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 value of $212,719.20.
• On Monday, May 18th, Sarit Sagiv sold 426 shares of Nova stock. The shares were sold at an average price of $514.49, for a total value of $219,172.74.

Nova Price Performance

NASDAQ NVMI opened at $488.58 on Friday. The company has a 50 day simple moving average of $522.16 and a 200-day simple moving average of $456.78. The firm has a market capitalization of $15.53 billion, a price-to-earnings ratio of 60.92, a price-to-earnings-growth ratio of 3.87 and a beta of 1.75. Nova Ltd. has a 52-week low of $232.73 and a 52-week high of $615.99.

Nova (NASDAQ:NVMI) last announced its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 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 net margin of 29.21% and a return on equity of 21.77%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, analysts predict that Nova Ltd. will post 9.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen raised Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research lowered Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Barclays raised their price target on Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a research note 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. Finally, Evercore reissued an “outperform” rating and issued a $600.00 price target on shares of Nova in a research note on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $545.50.

Hedge Funds Weigh In On Nova

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVMI. Royal Bank of Canada raised its position in shares of Nova by 660.4% in the first quarter. Royal Bank of Canada now owns 10,668 shares of the semiconductor company’s stock valued at $1,966,000 after purchasing an additional 9,265 shares during the period. Advisors Asset Management Inc. grew its stake in Nova by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 128 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Nova in the 2nd quarter valued at $5,445,000. EverSource Wealth Advisors LLC raised its holdings in Nova by 62.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 100 shares during the period. Finally, Marshall Wace LLP bought a new position in Nova in the 2nd quarter worth $1,886,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.