Equities Analysts Offer Predictions for Nova FY2026 Earnings

Nova Ltd. (NASDAQ:NVMI - Free Report) - Equities researchers at Cantor Fitzgerald issued their FY2026 earnings estimates for Nova in a research report issued to clients and investors on Monday, June 9th. Cantor Fitzgerald analyst M. Prisco forecasts that the semiconductor company will post earnings of $9.11 per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $300.00 target price on the stock. The consensus estimate for Nova's current full-year earnings is $7.52 per share.

Several other brokerages have also issued reports on NVMI. Benchmark cut their target price on shares of Nova from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a research report on Friday, February 14th. Citigroup dropped their price target on shares of Nova from $290.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Bank of America dropped their price target on shares of Nova from $310.00 to $248.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Wall Street Zen lowered shares of Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $277.00.

Nova Trading Down 2.8%

NASDAQ NVMI traded down $6.39 during trading hours on Wednesday, hitting $222.19. 162,332 shares of the company's stock traded hands, compared to its average volume of 237,238. The business's fifty day moving average price is $196.16 and its two-hundred day moving average price is $210.04. The firm has a market capitalization of $6.53 billion, a P/E ratio of 38.71, a P/E/G ratio of 2.55 and a beta of 1.61. Nova has a 52 week low of $154.00 and a 52 week high of $289.90.

Nova (NASDAQ:NVMI - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.10. The company had revenue of $213.36 million during the quarter, compared to analyst estimates of $210.10 million. Nova had a net margin of 27.33% and a return on equity of 22.33%. The firm's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 earnings per share.

Hedge Funds Weigh In On Nova

Hedge funds and other institutional investors have recently modified their holdings of the stock. ASR Vermogensbeheer N.V. bought a new position in shares of Nova during the first quarter worth $26,000. Advisors Asset Management Inc. boosted its position in shares of Nova by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company's stock worth $69,000 after acquiring an additional 128 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Nova by 24.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 401 shares of the semiconductor company's stock worth $79,000 after acquiring an additional 78 shares during the last quarter. Quarry LP boosted its position in shares of Nova by 187.1% during the fourth quarter. Quarry LP now owns 402 shares of the semiconductor company's stock worth $79,000 after acquiring an additional 262 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new position in shares of Nova during the first quarter worth $92,000. Institutional investors own 82.99% of the company's stock.

About Nova

Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging.