Nova Ltd. (NASDAQ:NVMI - Get Free Report) CEO Gabriel Waisman sold 2,966 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $501.30, for a total transaction of $1,486,855.80. Following the completion of the transaction, the chief executive officer owned 28,714 shares of the company's stock, valued at $14,394,328.20. This trade represents a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nova Price Performance
NASDAQ NVMI opened at $466.63 on Tuesday. Nova Ltd. has a 12 month low of $232.73 and a 12 month high of $615.99. The firm has a market capitalization of $14.83 billion, a PE ratio of 58.18, a P/E/G ratio of 3.41 and a beta of 1.74. The company's 50 day simple moving average is $518.68 and its 200 day simple moving average is $464.75.
Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.13. Nova had a return on equity of 21.77% and a net margin of 29.21%.The firm had revenue of $235.31 million during the quarter, compared to analyst estimates of $227.02 million. During the same period last year, the company posted $2.18 EPS. The firm's quarterly revenue was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Sell-side analysts anticipate that Nova Ltd. will post 9.44 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on NVMI. Weiss Ratings raised Nova from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, May 14th. Citigroup raised their price objective on shares of Nova from $520.00 to $595.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Morgan Stanley boosted their target price on shares of Nova from $494.00 to $540.00 and gave the stock an "equal weight" rating in a report on Monday. Wall Street Zen raised shares of Nova from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, Barclays raised their target price on shares of Nova from $465.00 to $600.00 and gave the stock an "overweight" rating in a report on Friday, May 15th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $551.25.
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Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Wasatch Advisors LP lifted its stake in Nova by 4.9% in the 2nd 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in 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 valued at $940,683,000 after acquiring an additional 697,210 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Nova by 7.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,493,657 shares of the semiconductor company's stock valued at $490,502,000 after purchasing an additional 98,000 shares during the period. Vanguard Group Inc. lifted its position in shares of Nova by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,128,957 shares of the semiconductor company's stock worth $377,402,000 after purchasing an additional 15,195 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of 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 purchasing an additional 26,940 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.
Nova Company Profile
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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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