Key Points
- Nova director Eitan Oppenhaim sold 1,504 shares on May 26 at an average price of $519.48, totaling about $781,298. The sale reduced his direct holdings by 18.4% and was made under a pre-arranged Rule 10b5-1 plan.
- Nova shares were down 2.9% in the session referenced, with the stock opening at $512.15. The company still has a large market cap of about $16.28 billion and has traded between $199.10 and $565.00 over the past 52 weeks.
- The company reported solid quarterly results, beating earnings and revenue estimates with $2.33 EPS and $235.31 million in revenue. Analysts remain generally constructive, with a consensus rating of Moderate Buy and an average price target of $518.22.
Nova Ltd. (NASDAQ:NVMI - Get Free Report) Director Eitan Oppenhaim sold 1,504 shares of the company's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $519.48, for a total value of $781,297.92. Following the completion of the sale, the director directly owned 6,668 shares in the company, valued at $3,463,892.64. This trade represents a 18.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nova Stock Down 2.9%
NVMI opened at $512.15 on Thursday. The firm has a market cap 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 52 week low of $199.10 and a 52 week high of $565.00. The business's fifty day simple moving average is $492.53 and its 200 day simple moving average is $422.25.
Nova (NASDAQ:NVMI - Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.13. The business had revenue of $235.31 million for the quarter, compared to analyst estimates of $227.02 million. Nova had a return on equity of 21.77% and a net margin of 29.21%.The business's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.18 earnings per share. 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 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Needham & Company LLC increased their target price on Nova from $500.00 to $640.00 and gave the stock a "buy" rating in a research report on Thursday, May 14th. Evercore reiterated an "outperform" rating and set a $600.00 target price on shares of Nova in a research report on Friday, May 15th. Weiss Ratings upgraded Nova from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, May 14th. Morgan Stanley set a $494.00 target price on Nova in a research report on Thursday, May 14th. Finally, Wall Street Zen upgraded Nova from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Nova presently has an average rating of "Moderate Buy" and an average price target of $518.22.
View Our Latest Stock Analysis on NVMI
Institutional Investors Weigh In On Nova
Several hedge funds have recently modified their holdings of NVMI. Smartleaf Asset Management LLC purchased a new stake in shares of Nova during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Nova during the 3rd quarter valued at about $40,000. CIBC Private Wealth Group LLC raised its holdings in shares of Nova by 75.7% during the 3rd 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 during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Nova by 2,042.9% during the 3rd 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 during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Nova by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company's stock valued at $69,000 after buying an additional 128 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.
About Nova
(
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].
