Key Points
- Nova director Yaniv Garty sold 426 shares of NVMI on May 18 at an average price of $514.49, generating about $219,173. The sale, made under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 17.29% to 2,038 shares.
- Nova reported stronger-than-expected Q1 results, posting EPS of $2.33 versus the $2.20 consensus and revenue of $235.31 million versus $227.02 million expected. Revenue rose 10.3% year over year, and the company guided Q2 2026 EPS to $2.340-$2.480.
- Analyst sentiment remains broadly positive, with nine Buy ratings and two Hold ratings, giving Nova a consensus “Moderate Buy” and a price target of $518.22. Recent target hikes from firms like Citigroup and Needham suggest continued optimism despite some mixed rating changes.
Nova Ltd. (NASDAQ:NVMI - Get Free Report) Director Yaniv Garty sold 426 shares of Nova stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $514.49, for a total value of $219,172.74. Following the completion of the transaction, the director owned 2,038 shares in the company, valued at approximately $1,048,530.62. This represents a 17.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yaniv Garty also recently made the following trade(s):
- On Thursday, April 2nd, Yaniv Garty sold 55 shares of Nova stock. The stock was sold at an average price of $425.00, for a total value of $23,375.00.
Nova Trading Up 4.6%
NVMI opened at $494.03 on Thursday. The company has a market cap of $15.70 billion, a P/E ratio of 61.60, a P/E/G ratio of 3.46 and a beta of 1.78. The business's 50-day moving average price is $484.76 and its 200-day moving average price is $416.15. Nova Ltd. has a 12 month low of $179.00 and a 12 month high of $565.00.
Nova (NASDAQ:NVMI - Get Free Report) last released 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. The firm had revenue of $235.31 million for the quarter, compared to the consensus estimate of $227.02 million. Nova had a return on equity of 21.77% and a net margin of 29.21%.The company's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Equities research analysts forecast that Nova Ltd. will post 9.35 earnings per share for the current fiscal year.
Institutional Trading of Nova
Hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC bought a new stake in shares of Nova in the 4th quarter worth approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Nova in the 3rd quarter worth approximately $40,000. CIBC Private Wealth Group LLC boosted its position in shares of Nova by 75.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Nova by 2,042.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 143 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in shares of Nova in the 4th quarter worth approximately $74,000. 82.99% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
NVMI has been the topic of several analyst reports. Wall Street Zen upgraded Nova from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. Citigroup raised their target price on Nova from $520.00 to $595.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Zacks Research cut Nova from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 14th. Needham & Company LLC raised their target price on Nova from $500.00 to $640.00 and gave the stock a "buy" rating in a research note on Thursday, May 14th. Finally, Morgan Stanley set a $494.00 target price on Nova in a research note on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Nova presently has a consensus rating of "Moderate Buy" and a consensus price target of $518.22.
Read Our Latest Stock Analysis on NVMI
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
