Insider Selling: Nova (NASDAQ:NVMI) Director Sells $219,172.74 in Stock

Nova Ltd. (NASDAQ:NVMI) Director Sarit Sagiv sold 426 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $514.49, for a total value of $219,172.74. Following the sale, the director owned 2,437 shares in the company, valued at $1,253,812.13. The trade was a 14.88% decrease in their position. 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.

Nova Stock Up 1.4%

NASDAQ NVMI opened at $503.49 on Friday. The stock’s 50-day simple moving average is $487.40 and its two-hundred day simple moving average is $417.82. Nova Ltd. has a twelve month low of $179.00 and a twelve month high of $565.00. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 3.64 and a beta of 1.78.

Nova (NASDAQ:NVMI) last released its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share 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 for the quarter, compared to the consensus estimate of $227.02 million. During the same quarter last year, the business posted $2.18 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, equities analysts expect that Nova Ltd. will post 9.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NVMI has been the topic of a number of recent research reports. Citigroup raised their price objective on Nova from $520.00 to $595.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Barclays raised their price objective on Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Morgan Stanley set a $494.00 price objective on Nova in a research note on Thursday, May 14th. Evercore reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Nova in a research note on Friday, May 15th. Finally, Jefferies Financial Group raised 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. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $518.22.

Institutional Trading of Nova

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in shares of Nova by 9.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 280 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 24 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Nova by 2.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,124 shares of the semiconductor company’s stock worth $488,000 after purchasing an additional 30 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Nova by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock worth $375,000 after purchasing an additional 37 shares during the last quarter. Signaturefd LLC grew its stake in shares of Nova by 4.5% in the fourth quarter. Signaturefd LLC now owns 992 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 43 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Nova by 20.0% in the first quarter. Parallel Advisors LLC now owns 264 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 44 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.