Sarit Sagiv Sells 454 Shares of Nova (NASDAQ:NVMI) 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 directly owned 1,951 shares of the company’s stock, valued at approximately $1,046,750.52. This represents a 18.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 shares were sold at an average price of $514.49, for a total transaction of $219,172.74.

Nova Stock Performance

Shares of NVMI stock opened at $534.24 on Friday. Nova Ltd. has a one year low of $232.73 and a one year high of $615.99. The company has a 50 day moving average price of $522.74 and a 200 day moving average price of $456.56. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 66.61, a price-to-earnings-growth ratio of 3.79 and a beta of 1.75.

Nova (NASDAQ:NVMI) last posted its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, topping 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 company 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 firm posted $2.18 earnings per share. Nova’s revenue was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, equities analysts forecast that Nova Ltd. will post 9.44 EPS for the current fiscal year.

Analysts Set New Price Targets

NVMI has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their target price on Nova from $520.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings upgraded Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Barclays lifted 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. 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. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Nova has a consensus rating of “Moderate Buy” and an average price target of $545.50.

Institutional Trading of Nova

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in Nova by 660.4% in the first quarter. Royal Bank of Canada now owns 10,668 shares of the semiconductor company’s stock valued at $1,966,000 after purchasing an additional 9,265 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Nova by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after buying an additional 128 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Nova in the second quarter worth about $5,445,000. EverSource Wealth Advisors LLC grew its stake in shares of Nova by 62.5% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 100 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Nova in the second quarter valued at about $1,886,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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.