Nova (NASDAQ:NVMI) Director Eitan Oppenhaim Sells 1,504 Shares

Nova Ltd. (NASDAQ:NVMI) Director Eitan Oppenhaim sold 1,504 shares of the 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 approximately $3,463,892.64. This represents a 18.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nova Stock Performance

Shares of Nova stock opened at $512.15 on Thursday. The company has a market capitalization of $16.28 billion, a P/E ratio of 63.86, a PEG ratio of 3.86 and a beta of 1.78. Nova Ltd. has a 1 year low of $199.10 and a 1 year high of $565.00. The company’s fifty day moving average is $492.53 and its two-hundred day moving average is $422.25.

Nova (NASDAQ:NVMI) last announced its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share 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 quarter in the prior year, the firm earned $2.18 earnings per share. The business’s quarterly revenue 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, equities analysts expect that Nova Ltd. will post 9.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP grew its holdings in Nova by 4.9% during the second quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock worth $605,701,000 after acquiring an additional 102,250 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Nova by 47.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,166,073 shares of the semiconductor company’s stock worth $940,683,000 after acquiring an additional 697,210 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Nova by 7.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,493,657 shares of the semiconductor company’s stock worth $490,502,000 after acquiring an additional 98,000 shares during the period. Vanguard Group Inc. grew its holdings in Nova by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,128,957 shares of the semiconductor company’s stock worth $377,402,000 after acquiring an additional 15,195 shares during the period. Finally, Invesco Ltd. grew its holdings in Nova by 4.4% during the fourth quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company’s stock worth $208,293,000 after acquiring an additional 26,940 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Evercore restated an “outperform” rating and set a $600.00 price target on shares of Nova in a research note on Friday, May 15th. Morgan Stanley set a $494.00 price target on Nova in a research note on Thursday, May 14th. Citigroup upped their price target on Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Needham & Company LLC upped their price target on Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Zacks Research cut Nova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Nova has a consensus rating of “Moderate Buy” and an average target price 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.