Key Points
- Nova Director Raanan Cohen sold 2,456 shares for $800,656 at an average price of $326, reducing his stake by 40.59% to 3,595 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Nova reported quarterly EPS of $2.86, beating the $2.77 consensus, while revenue of $287.84 million exceeded estimates and rose 28.2% year over year.
- The company authorized a $200 million share repurchase program. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $470.
Nova Ltd. (NASDAQ:NVMI - Get Free Report) Director Raanan Cohen sold 2,456 shares of the business's stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $326.00, for a total transaction of $800,656.00. Following the completion of the transaction, the director owned 3,595 shares of the company's stock, valued at $1,171,970. The trade was a 40.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nova Stock Performance
Shares of Nova stock opened at $327.64 on Friday. The company has a 50 day moving average of $345.22 and a 200-day moving average of $434.67. Nova Ltd. has a 1-year low of $266.43 and a 1-year high of $615.99. The company has a current ratio of 6.21, a quick ratio of 5.39 and a debt-to-equity ratio of 0.49. The company has a market cap 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 (NASDAQ:NVMI - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The semiconductor company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.09. The business had revenue of $287.84 million for the quarter, compared to analyst estimates of $282.23 million. Nova had a net margin of 29.87% and a return on equity of 22.13%. The firm's revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter last year, the business posted $2.16 EPS. Nova has set its Q4 2026 guidance at 3.030-3.180 EPS. As a group, equities research analysts forecast that Nova Ltd. will post 10.02 earnings per share for the current fiscal year.
Nova announced that its board has authorized a stock repurchase program on Wednesday, September 2nd that allows the company to repurchase $200 million in shares. This buyback authorization allows the semiconductor company to purchase up to 1.9% of its shares through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on NVMI. Barclays reduced their target price on Nova from $600.00 to $500.00 and set an "overweight" rating on the stock in a report on Friday, November 6th. Wall Street Zen raised Nova from a "sell" rating to a "hold" rating in a report on Saturday, November 7th. Cantor Fitzgerald dropped their price objective on Nova from $600.00 to $500.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. Evercore set a $475.00 price objective on Nova in a research note on Friday, August 7th. Finally, Needham & Company LLC decreased their target price on Nova from $570.00 to $420.00 and set a "buy" rating on the stock in a research report on Thursday, November 5th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $470.00.
Check Out Our Latest Stock Report on Nova
Hedge Funds Weigh In On Nova
Institutional investors have recently added to or reduced their stakes in the stock. Phoenix Financial Ltd. lifted its stake in Nova by 133.2% in the 3rd quarter. Phoenix Financial Ltd. now owns 1,440,315 shares of the semiconductor company's stock valued at $554,671,000 after purchasing an additional 822,684 shares during the last quarter. BlackRock Inc. acquired a new stake in Nova in the second quarter valued at approximately $391,367,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Nova by 47.5% in the first 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 buying an additional 697,210 shares in the last quarter. Bank of America Corp DE acquired a new stake in Nova in the second quarter valued at approximately $308,300,000. Finally, Legal & General Group Plc bought a new stake in shares of Nova during the second quarter worth $82,530,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.
Nova Company Profile
(
Get Free Report)
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.
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