Insider Selling: Nova (NASDAQ:NVMI) Director Sells $781,297.92 in Stock

Nova Ltd. (NASDAQ:NVMI) Director Eitan Oppenhaim sold 1,504 shares of Nova stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $519.48, for a total transaction of $781,297.92. Following the sale, the director owned 6,668 shares of the company’s stock, valued at $3,463,892.64. The trade was a 18.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nova Trading Down 0.7%

NASDAQ:NVMI opened at $502.33 on Friday. Nova Ltd. has a 12 month low of $205.37 and a 12 month high of $565.00. The firm has a fifty day simple moving average of $494.63 and a 200-day simple moving average of $424.20. The company has a market capitalization of $15.96 billion, a P/E ratio of 62.63, a PEG ratio of 3.71 and a beta of 1.78.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 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 business had revenue of $235.31 million during the quarter, compared to the consensus estimate of $227.02 million. During the same period in the previous year, the firm 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. Equities analysts forecast that Nova Ltd. will post 9.35 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new position in Nova in the fourth quarter valued at $29,000. Measured Wealth Private Client Group LLC purchased a new position in Nova in the third quarter valued at $40,000. CIBC Private Wealth Group LLC increased its holdings in Nova by 75.7% in the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings 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 buying an additional 143 shares in the last quarter. Finally, TD Private Client Wealth LLC purchased a new position in Nova in the fourth quarter valued at $74,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on NVMI. Needham & Company LLC lifted their price objective on shares of Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Zacks Research cut shares of Nova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Weiss Ratings raised shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Wall Street Zen raised shares of Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Jefferies Financial Group raised their target price on shares of Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $518.22.

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.