$NVMI

Shares of Western Digital, Nova, Amtech, Monolithic Power Systems, and Texas Instruments rose due to strong AI hardware demand and robust corporate earnings. SpaceX reported a 161% revenue jump, with its AI business growing ninefold. Elon Musk announced merger talks between SpaceX and Tesla, boosting market sentiment. Western Digital's stock is up 102% year-to-date but remains 49.3% below its 52-week high.

KLA Corporation (KLAC) reported Q2 revenue of $3.66B, up 15.2% YoY, beating estimates. Nova (NVMI) reported $255M revenue, up 15.9% YoY, also beating estimates. Photronics (PLAB) reported $216M revenue, up 2.7% YoY, topping expectations. All stocks declined post-earnings.

Tel Aviv indices saw mixed performance. The Tel Aviv 35 Index fell 0.15%, while the BlueTech Global Index rose 0.21%. Tower Semiconductor dropped 7.61%, and Opko Health surged 26.64% after announcing a $722M asset sale. Electra Real Estate rose 25.30% following a NIS 95M injection.

Nova Ltd. (NVMI) reported Q2 revenue growth of 15.9% to $255.0M, but EPS rose only 2.8% due to increased diluted shares and lower margins. Hedge fund participation grew, while Renaissance Technologies reduced its stake. The company's operating income increased, but net financing income declined. Nova's valuation is sensitive to dilution, with its stock trading at 44.1x trailing earnings.

Nova (NVMI) shares fell 4.8% after Citi downgraded the stock to Neutral and lowered its price target. The stock later recovered slightly to $359.76. The company's shares are down 40.6% from their 52-week high. The move follows broader market volatility in semiconductor stocks due to rising Treasury yields and Fed rate hike expectations.

Several semiconductor stocks fell after 10-year Treasury yields rose above 5.3%, increasing borrowing costs. IPG Photonics (IPGP) fell 4.5%, Nova (NVMI) 4%, Teradyne (TER) 5.1%, NXP Semiconductors (NXPI) 4.5%, and Microchip Technology (MCHP) 5.2%. The Fed's September meeting minutes indicated another rate hike may be appropriate by year-end, impacting chipmakers' long-term earnings.

Nova Ltd (NVMI) shares fell 4.2% to $377.77, trading 11.2% above GF Value's estimate of $339.86, indicating overvaluation. NVMI has a GF Score of 95/100, with strong profitability and growth but concerns over valuation. Insiders sold $6.7M in shares over the past year.

Nova Minerals, a gold and antimony exploration company, reported fiscal 2026 results. Key highlights include a $43.4M DoW award for antimony processing, $34.4M raised in equity financings, and a $6.5M drill program. The company redomiciled to the U.S., changing its listing to NYSE American. Operating loss widened to $24.1M due to increased exploration costs.

Nova Ltd.'s (NVMI) CTO Shay Wolfing sold 3,864 shares for $1.4M on Sept 21, 2026, at $363.28/share. He retains 21,409 shares. Nova has a $11.4B market cap, $937.5M revenue, and $270.4M net income (TTM). The stock is up 17% over one year. The company reported record quarterly revenue of $255M and a $200M share repurchase program.

Wolfing Shay (CTO) sold 3,864 shares of NOVA LTD. (NVMI) at $363.28 ($1.40M total) on 2026-09-21 under a Rule 10b5-1 trading plan.