Nova Ltd. (NASDAQ:NVMI - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for Nova in a research report issued to clients and investors on Monday, June 9th. Cantor Fitzgerald analyst M. Prisco expects that the semiconductor company will post earnings per share of $9.11 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.
A number of other analysts also recently commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Nova in a report on Friday, February 14th. Wall Street Zen cut Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Citigroup reduced their price objective on Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Benchmark dropped their target price on Nova from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Bank of America cut their target price on Nova from $310.00 to $248.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Nova currently has a consensus rating of "Moderate Buy" and a consensus price target of $277.00.
View Our Latest Research Report on Nova
Nova Trading Down 1.8%
NASDAQ:NVMI traded down $4.27 during trading hours on Wednesday, hitting $228.58. 261,952 shares of the stock were exchanged, compared to its average volume of 236,956. The firm's fifty day moving average price is $193.89 and its 200 day moving average price is $209.35. Nova has a 52-week low of $154.00 and a 52-week high of $289.90. The company has a market cap of $6.72 billion, a P/E ratio of 39.82, a P/E/G ratio of 2.55 and a beta of 1.61.
Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.10. The firm had revenue of $213.36 million for the quarter, compared to the consensus estimate 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 prior year, the firm posted $1.39 earnings per share.
Institutional Trading of Nova
Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Nova by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 22,472 shares of the semiconductor company's stock worth $4,426,000 after acquiring an additional 877 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Nova during the fourth quarter worth $237,000. Raymond James Financial Inc. acquired a new stake in shares of Nova during the fourth quarter worth $6,541,000. Stifel Financial Corp grew its position in Nova by 15.4% in the 4th quarter. Stifel Financial Corp now owns 3,290 shares of the semiconductor company's stock valued at $648,000 after buying an additional 438 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Nova by 2.0% in the 4th quarter. Van ECK Associates Corp now owns 7,753 shares of the semiconductor company's stock valued at $1,527,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.
Nova Company Profile
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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.
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