Nova (NASDAQ:NVMI) Director Raanan Cohen Sells 2,456 Shares of Company Stock

Nova Ltd. (NASDAQ:NVMI) Director Raanan Cohen sold 2,456 shares of Nova stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $326.00, for a total value of $800,656.00. Following the sale, the director directly owned 3,595 shares of the company’s stock, valued at approximately $1,171,970. The trade was a 40.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nova Stock Performance

NVMI opened at $327.64 on Friday. The business has a fifty day simple moving average of $345.22 and a 200 day simple moving average of $434.67. The company has a market capitalization of $10.41 billion, a PE ratio of 36.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.85. Nova Ltd. has a 1 year low of $266.43 and a 1 year high of $615.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 6.21 and a quick ratio of 5.39.

Nova (NASDAQ:NVMI) last issued its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.09. The firm had revenue of $287.84 million for the quarter, compared to analyst estimates of $282.23 million. Nova had a return on equity of 22.13% and a net margin of 29.87%. The company’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.16 EPS. Nova has set its Q4 2026 guidance at 3.030-3.180 EPS. Research analysts expect that Nova Ltd. will post 10.02 EPS for the current year.

Nova announced that its Board of Directors has initiated a share buyback plan on Wednesday, September 2nd that allows the company to repurchase $200 million in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 1.9% of its shares through open market purchases. Share repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NVMI shares. Barclays decreased their price target on shares of Nova from $600.00 to $500.00 and set an “overweight” rating on the stock in a research note on Friday, November 6th. Evercore set a $475.00 price objective on shares of Nova in a research note on Friday, August 7th. Cantor Fitzgerald cut their price objective on shares of Nova from $600.00 to $500.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Wall Street Zen raised shares of Nova from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Finally, Zacks Research lowered shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Nova currently has a consensus rating of “Moderate Buy” and an average target price of $470.00.

Hedge Funds Weigh In On Nova

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Nova by 47.5% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,166,073 shares of the semiconductor company’s stock worth $940,683,000 after purchasing an additional 697,210 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Nova by 5.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,706,657 shares of the semiconductor company’s stock worth $657,404,000 after purchasing an additional 86,000 shares during the period. Phoenix Financial Ltd. increased its position in shares of Nova by 133.2% in the third quarter. Phoenix Financial Ltd. now owns 1,440,315 shares of the semiconductor company’s stock worth $554,671,000 after purchasing an additional 822,684 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Nova by 3.7% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,250,295 shares of the semiconductor company’s stock worth $479,429,000 after purchasing an additional 44,430 shares during the period. Finally, BlackRock Inc. acquired a new position in Nova in the second quarter valued at about $391,367,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Nova Company Profile

Nova Ltd. develops metrology and process-control solutions used in semiconductor manufacturing. Its systems measure the dimensions and material properties of structures on silicon wafers, helping chipmakers monitor and control production processes as devices become smaller and more complex. The company’s offerings include optical and X-ray measurement systems, alongside software that analyzes process data. These tools are used in wafer-fabrication facilities and research and development environments.