Insider Selling: Nova (NASDAQ:NVMI) Director Sells 366 Shares

Nova Ltd. (NASDAQ:NVMI) Director Sarit Sagiv sold 366 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $581.20, for a total transaction of $212,719.20. Following the sale, the director owned 2,405 shares of the company’s stock, valued at approximately $1,397,786. This represents a 13.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 Tuesday, June 23rd, Sarit Sagiv sold 454 shares of Nova stock. The stock was sold at an average price of $536.52, for a total transaction of $243,580.08.
• 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 Price Performance

Nova stock traded down $16.11 during trading hours on Wednesday, hitting $511.77. The company had a trading volume of 164,984 shares, compared to its average volume of 405,173. The firm has a market cap of $16.27 billion, a PE ratio of 63.81, a PEG ratio of 4.23 and a beta of 1.75. Nova Ltd. has a one year low of $232.73 and a one year high of $615.99. The firm has a 50-day moving average of $522.12 and a 200 day moving average of $453.68.

Nova (NASDAQ:NVMI) last issued its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $227.02 million. During the same period last year, the business posted $2.18 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, research analysts expect that Nova Ltd. will post 9.44 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on NVMI. Jefferies Financial Group lifted their price target on Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Evercore reiterated an “outperform” rating and set a $600.00 price objective on shares of Nova in a research report on Friday, May 15th. Wall Street Zen raised Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research cut shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Barclays upped their price target on shares of Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Nova currently has a consensus rating of “Moderate Buy” and an average price target of $545.50.

Institutional Investors Weigh In On Nova

Several institutional investors have recently made changes to their positions in NVMI. Strategic Investment Advisors MI acquired a new stake in Nova during the first quarter worth approximately $109,000. Altshuler Shaham Ltd increased its stake 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 period. Amundi raised its holdings in 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 raised its holdings in Nova by 35.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 379 shares of the semiconductor company’s stock valued at $165,000 after acquiring an additional 99 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Nova during the 1st quarter valued at $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.