Nova (NASDAQ:NVMI) Director Yaniv Garty Sells 55 Shares

Nova Ltd. (NASDAQ:NVMI) Director Yaniv Garty sold 55 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $425.00, for a total transaction of $23,375.00. Following the completion of the sale, the director directly owned 2,464 shares in the company, valued at approximately $1,047,200. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nova Stock Performance

Shares of NVMI stock opened at $445.55 on Tuesday. The company’s fifty day simple moving average is $448.27 and its 200-day simple moving average is $377.24. The company has a quick ratio of 5.47, a current ratio of 6.28 and a debt-to-equity ratio of 0.56. The firm has a market cap of $14.16 billion, a PE ratio of 55.62, a P/E/G ratio of 3.23 and a beta of 1.80. Nova Ltd. has a 12 month low of $161.02 and a 12 month high of $507.27.

Nova (NASDAQ:NVMI) last announced its quarterly earnings data on Friday, February 13th. The semiconductor company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.01. The business had revenue of $222.62 million for the quarter, compared to analyst estimates of $220.43 million. Nova had a net margin of 29.44% and a return on equity of 22.90%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 earnings per share. Equities research analysts expect that Nova Ltd. will post 7.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Nova

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP increased its holdings in shares of Nova by 4.9% in the second quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock valued at $605,701,000 after purchasing an additional 102,250 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Nova by 7.0% in the fourth 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 last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Nova by 2.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,468,863 shares of the semiconductor company’s stock valued at $482,360,000 after purchasing an additional 40,256 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 valued at $377,402,000 after purchasing an additional 15,195 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Nova by 4.4% in the fourth quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company’s stock valued at $208,293,000 after purchasing an additional 26,940 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on NVMI. Morgan Stanley reaffirmed an “outperform” rating and set a $453.00 price target on shares of Nova in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nova in a research report on Monday, December 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $520.00 price target on shares of Nova in a research report on Thursday, February 12th. Citigroup upped their price target on shares of Nova from $370.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Bank of America upped their price target on shares of Nova from $380.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $442.25.

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.