Nova Ltd. (NASDAQ:NVMI – Get Free Report) Director Yaniv Garty sold 426 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $514.49, for a total value of $219,172.74. Following the transaction, the director directly owned 2,038 shares of the company’s stock, valued at approximately $1,048,530.62. This trade represents a 17.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yaniv Garty also recently made the following trade(s):
- On Thursday, April 2nd, Yaniv Garty sold 55 shares of Nova stock. The shares were sold at an average price of $425.00, for a total value of $23,375.00.
Nova Trading Up 4.6%
Shares of NASDAQ NVMI opened at $494.03 on Thursday. The stock has a fifty day simple moving average of $484.76 and a two-hundred day simple moving average of $416.15. Nova Ltd. has a 1-year low of $179.00 and a 1-year high of $565.00. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 61.60, a price-to-earnings-growth ratio of 3.46 and a beta of 1.78.
Institutional Investors Weigh In On Nova
A number of large investors have recently added to or reduced their stakes in NVMI. Harel Insurance Investments & Financial Services Ltd. raised its position in Nova by 47.5% during 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 purchasing an additional 697,210 shares in the last quarter. Invesco Ltd. raised its position in Nova by 185.4% during the third quarter. Invesco Ltd. now owns 607,344 shares of the semiconductor company’s stock valued at $194,144,000 after purchasing an additional 394,544 shares in the last quarter. Phoenix Financial Ltd. raised its position in Nova by 286.3% during the fourth quarter. Phoenix Financial Ltd. now owns 508,641 shares of the semiconductor company’s stock valued at $167,115,000 after purchasing an additional 376,974 shares in the last quarter. Norges Bank purchased a new stake in Nova during the fourth quarter valued at about $109,568,000. Finally, Groupama Asset Managment purchased a new stake in Nova during the third quarter valued at about $79,915,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.
Wall Street Analyst Weigh In
NVMI has been the subject of several research reports. Evercore reissued an “outperform” rating and set a $600.00 price objective on shares of Nova in a report on Friday, May 15th. Weiss Ratings raised Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Wall Street Zen raised Nova from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Jefferies Financial Group raised their price target on Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Citigroup raised their price target on Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nova currently has an average rating of “Moderate Buy” and a consensus price target of $518.22.
View Our Latest Analysis on Nova
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.
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