Insider Selling: Nova (NASDAQ:NVMI) Director Sells 426 Shares of Stock

Nova Ltd. (NASDAQ:NVMI) Director Yaniv Garty sold 426 shares of Nova stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $514.49, for a total value of $219,172.74. Following the transaction, the director owned 2,038 shares of the company’s stock, valued at approximately $1,048,530.62. This represents a 17.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 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 value of $23,375.00.

Nova Price Performance

Nova stock traded up $17.10 during trading on Wednesday, reaching $489.59. 114,481 shares of the company were exchanged, compared to its average volume of 387,238. Nova Ltd. has a 52-week low of $179.00 and a 52-week high of $565.00. The company has a market capitalization of $15.56 billion, a P/E ratio of 61.05, a PEG ratio of 3.57 and a beta of 1.78. The stock’s 50 day simple moving average is $483.54 and its two-hundred day simple moving average is $415.09.

Nova (NASDAQ:NVMI) last released its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The company had revenue of $235.31 million for the quarter, compared to analysts’ expectations of $227.02 million. Nova had a return on equity of 21.77% and a net margin of 29.21%.The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, equities analysts forecast that Nova Ltd. will post 9.35 earnings per share for the current year.

Analyst Ratings Changes

NVMI has been the subject of several research reports. Evercore restated an “outperform” rating and set a $600.00 price objective on shares of Nova in a research report on Friday. Morgan Stanley set a $494.00 price objective on shares of Nova in a research report on Thursday, May 14th. Weiss Ratings raised shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Barclays raised their price target on Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Finally, Citigroup boosted 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. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $518.22.

Institutional Investors Weigh In On Nova

Several large investors have recently modified their holdings of the stock. Strategic Investment Advisors MI acquired a new stake in shares of Nova in the first quarter valued at approximately $109,000. Altshuler Shaham Ltd boosted its position in Nova by 87.7% during the 1st quarter. Altshuler Shaham Ltd now owns 21,351 shares of the semiconductor company’s stock worth $9,151,000 after acquiring an additional 9,974 shares during the last quarter. Amundi grew its holdings in shares of Nova by 139.0% in the 1st quarter. Amundi now owns 54,473 shares of the semiconductor company’s stock valued at $23,657,000 after acquiring an additional 31,678 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Nova by 35.4% during the first quarter. EverSource Wealth Advisors LLC now owns 379 shares of the semiconductor company’s stock worth $165,000 after buying an additional 99 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Nova in the 1st quarter valued at about $356,000. 82.99% of the stock is currently owned by institutional investors.

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.