Nova (NASDAQ:NVMI) Director Sarit Sagiv Sells 454 Shares of Stock

Nova Ltd. (NASDAQ:NVMI) Director Sarit Sagiv sold 454 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $536.52, for a total transaction of $243,580.08. Following the transaction, the director owned 1,951 shares in the company, valued at approximately $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 at this hyperlink. 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 transaction of $212,719.20.
• 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 transaction of $219,172.74.

Nova Trading Down 3.1%

Shares of NVMI traded down $16.11 on Wednesday, reaching $511.77. 164,984 shares of the company’s stock were exchanged, compared to its average volume of 405,173. The business has a 50 day moving average price of $522.12 and a two-hundred day moving average price of $453.68. Nova Ltd. has a 12 month low of $232.73 and a 12 month high of $615.99. The stock has a market capitalization of $16.27 billion, a P/E ratio of 63.81, a price-to-earnings-growth ratio of 4.23 and a beta of 1.75.

Nova (NASDAQ:NVMI) last announced its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Nova had a net margin of 29.21% and a return on equity of 21.77%. The firm had revenue of $235.31 million for the quarter, compared to analysts’ expectations of $227.02 million. During the same period last year, the firm earned $2.18 earnings per share. The business’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. Equities research analysts predict that Nova Ltd. will post 9.44 EPS for the current year.

Hedge Funds Weigh In On Nova

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC bought a new stake in shares of 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 worth $40,000. CIBC Private Wealth Group LLC lifted its holdings 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 acquiring an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $48,000 after acquiring an additional 143 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Nova by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 128 shares during the period. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NVMI. Jefferies Financial Group raised their price target on Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Barclays upped their price objective on Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Weiss Ratings upgraded Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Citigroup raised their target price on Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Needham & Company LLC upped their price target on Nova from $500.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.