Sarit Sagiv Sells 426 Shares of Nova (NASDAQ:NVMI) Stock

Nova Ltd. (NASDAQ:NVMI) Director Sarit Sagiv sold 426 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $514.49, for a total transaction of $219,172.74. Following the completion of the sale, the director directly owned 2,437 shares in the company, valued at approximately $1,253,812.13. The trade was a 14.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nova Trading Up 0.5%

NVMI stock opened at $496.50 on Friday. Nova Ltd. has a 1-year low of $179.00 and a 1-year high of $565.00. The business’s 50 day moving average is $486.05 and its 200-day moving average is $417.21. The firm has a market cap of $15.78 billion, a P/E ratio of 61.91, a P/E/G ratio of 3.62 and a beta of 1.78.

Nova (NASDAQ:NVMI) last posted 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 during 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% on a year-over-year basis. During the same quarter last year, the company earned $2.18 EPS. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Sell-side analysts forecast that Nova Ltd. will post 9.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC bought a new position in shares of Nova in the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Nova during the third quarter valued at approximately $40,000. CIBC Private Wealth Group LLC increased its holdings in shares of 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 purchasing an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 purchasing an additional 143 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in Nova during the 4th quarter worth $74,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NVMI. Needham & Company LLC increased 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. Morgan Stanley set a $494.00 price target on shares of Nova in a research report on Thursday, May 14th. Barclays upped 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. Evercore reiterated an “outperform” rating and issued a $600.00 target price on shares of Nova in a research note on Friday, May 15th. Finally, Zacks Research downgraded Nova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Nova has an average rating of “Moderate Buy” and an average price target of $518.22.

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.