Nova (NASDAQ:NVMI) CEO Sells 2,966 Shares

Nova Ltd. (NASDAQ:NVMI) CEO Gabriel Waisman sold 2,966 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $501.30, for a total value of $1,486,855.80. Following the transaction, the chief executive officer owned 28,714 shares of the company’s stock, valued at approximately $14,394,328.20. This trade represents a 9.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nova Price Performance

Shares of Nova stock opened at $470.14 on Monday. The firm has a market cap of $14.94 billion, a price-to-earnings ratio of 58.62, a price-to-earnings-growth ratio of 3.41 and a beta of 1.74. The stock’s 50-day moving average is $519.81 and its 200-day moving average is $463.70. Nova Ltd. has a one year low of $232.73 and a one year high of $615.99.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $227.02 million. During the same period last year, the company earned $2.18 earnings per share. Nova’s quarterly revenue 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 9.44 EPS for the current year.

Institutional Trading of Nova

Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC bought a new stake in shares of Nova during the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Nova during the 3rd quarter worth approximately $40,000. CIBC Private Wealth Group LLC boosted its position in Nova by 75.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after buying an additional 56 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Nova by 2,042.9% during the 3rd 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 during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Nova by 51.6% during the 1st 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 and hedge funds.

Analysts Set New Price Targets

NVMI has been the topic of several recent research reports. Citigroup lifted their price target on shares of Nova from $520.00 to $595.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Morgan Stanley set a $494.00 price objective on shares of Nova in a research report on Thursday, May 14th. Wall Street Zen upgraded Nova from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Needham & Company LLC raised their price target 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, Zacks Research downgraded Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Nova currently has a consensus 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.