Yaniv Garty Sells 366 Shares of Nova (NASDAQ:NVMI) Stock

Nova Ltd. (NASDAQ:NVMI) Director Yaniv Garty sold 366 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $581.20, for a total transaction of $212,719.20. Following the completion of the sale, the director directly owned 2,006 shares in the company, valued at approximately $1,165,887.20. This represents a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yaniv Garty also recently made the following trade(s):

• On Monday, May 18th, Yaniv Garty 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.
• On Thursday, April 2nd, Yaniv Garty sold 55 shares of Nova stock. The stock was sold at an average price of $425.00, for a total transaction of $23,375.00.

Nova Trading Down 8.5%

Shares of NASDAQ NVMI opened at $488.58 on Friday. The firm’s 50-day moving average price is $522.16 and its 200-day moving average price is $456.78. Nova Ltd. has a 1-year low of $232.73 and a 1-year high of $615.99. The firm has a market capitalization of $15.53 billion, a P/E ratio of 60.92, a P/E/G ratio of 3.87 and a beta of 1.75.

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. Equities research analysts forecast that Nova Ltd. will post 9.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NVMI shares. Citigroup upped their target price on Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Evercore restated an “outperform” rating and set a $600.00 price target on shares of Nova in a research note on Friday, May 15th. Zacks Research downgraded Nova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Needham & Company LLC lifted their target price on shares of Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Jefferies Financial Group lifted their target price on Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Nova presently has an average rating of “Moderate Buy” and an average target price of $545.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC bought a new stake in Nova during the 4th quarter valued at $29,000. Measured Wealth Private Client Group LLC purchased a new position in Nova during the third quarter valued at $40,000. CIBC Private Wealth Group LLC grew 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 worth $42,000 after purchasing an additional 56 shares during the period. 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 worth $48,000 after acquiring an additional 143 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of 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 acquiring an additional 128 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

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.