Key Points
- Director Yaniv Garty sold 55 shares on April 2 at an average price of $425 for $23,375, executed under a pre-arranged Rule 10b5-1 plan; he now owns 2,464 shares, a 2.18% reduction in his stake.
- Company and market context: NVMI trades near $445.55 (1‑yr range $161.02–$507.27) with a ~$14.16B market cap; the latest quarter beat estimates (EPS $2.14, revenue $222.6M, +14.3% YoY) and analysts hold a consensus "Buy" with several price-target increases (Citigroup raised its target to $520, consensus target ~$442.25).
Nova Ltd. (NASDAQ:NVMI - Get Free Report) Director Yaniv Garty sold 55 shares of the company's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $425.00, for a total transaction of $23,375.00. Following the completion of the transaction, the director owned 2,464 shares in the company, valued at approximately $1,047,200. This represents a 2.18% decrease in their ownership of the stock. 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.
Nova Price Performance
NASDAQ:NVMI opened at $445.55 on Tuesday. Nova Ltd. has a one year low of $161.02 and a one year high of $507.27. The company has a market cap of $14.16 billion, a P/E ratio of 55.62, a P/E/G ratio of 3.23 and a beta of 1.80. The firm's fifty day moving average price is $448.27 and its two-hundred day moving average price is $377.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 6.28 and a quick ratio of 5.47.
Nova (NASDAQ:NVMI - Get Free Report) last released its quarterly earnings data on Friday, February 13th. The semiconductor company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.13 by $0.01. Nova had a net margin of 29.44% and a return on equity of 22.90%. The firm had revenue of $222.62 million for the quarter, compared to the consensus estimate of $220.43 million. During the same period in the previous year, the company earned $1.94 earnings per share. The company's quarterly revenue was up 14.3% on a year-over-year basis. Equities analysts expect that Nova Ltd. will post 7.52 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms recently commented on NVMI. Citigroup upped their price target on shares of Nova from $370.00 to $520.00 and gave the company a "buy" rating in a research note on Friday, February 13th. Weiss Ratings restated a "hold (c)" rating on shares of Nova in a research note on Monday, December 22nd. Morgan Stanley restated an "outperform" rating and issued a $453.00 price target on shares of Nova in a research note on Friday, February 13th. Evercore restated an "outperform" rating and issued a $485.00 price target on shares of Nova in a research note on Friday, February 13th. Finally, Bank of America upped their price target on shares of Nova from $380.00 to $450.00 and gave the company a "buy" rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $442.25.
Check Out Our Latest Report on NVMI
Institutional Investors Weigh In On Nova
A number of large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new stake in Nova during the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Nova during the third quarter worth about $40,000. CIBC Private Wealth Group LLC grew its stake in Nova by 75.7% during the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company's stock worth $42,000 after buying an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Nova by 2,042.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company's stock worth $48,000 after buying an additional 143 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new stake in Nova during the fourth quarter worth about $74,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.
Nova Company Profile
(
Get Free Report)
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.
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