Eitan Oppenhaim Sells 1,290 Shares of Nova (NASDAQ:NVMI) Stock

Nova Ltd. (NASDAQ:NVMI) Director Eitan Oppenhaim sold 1,290 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $581.20, for a total transaction of $749,748.00. Following the sale, the director directly owned 6,421 shares of the company’s stock, valued at $3,731,885.20. This represents a 16.73% decrease in their position. The transaction was disclosed in a 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.

Eitan Oppenhaim also recently made the following trade(s):

• On Tuesday, May 26th, Eitan Oppenhaim sold 1,504 shares of Nova stock. The shares were sold at an average price of $519.48, for a total transaction of $781,297.92.

Nova Trading Up 2.4%

NVMI stock opened at $534.24 on Friday. Nova Ltd. has a 12-month low of $232.73 and a 12-month high of $615.99. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 66.61, a PEG ratio of 3.79 and a beta of 1.75. The business’s 50-day moving average is $522.74 and its 200 day moving average is $456.56.

Nova (NASDAQ:NVMI) last posted 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 company had revenue of $235.31 million during 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%.Nova’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.18 EPS. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. As a group, equities analysts forecast that Nova Ltd. will post 9.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Nova

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC acquired a new stake in shares of Nova in the 4th quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Nova during the 3rd quarter valued at about $40,000. CIBC Private Wealth Group LLC boosted its position 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 acquiring an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Nova by 2,042.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 143 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of Nova by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Morgan Stanley set a $494.00 price objective on Nova in a report on Thursday, May 14th. Needham & Company LLC upped their target price on shares of Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Jefferies Financial Group increased their target price on shares of Nova from $520.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Citigroup raised their price target on shares of Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $545.50.

Nova Company Profile

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.