Nova Ltd. $NVMI Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its holdings in Nova Ltd. by 76.6% during the first quarter, owning approximately 150,333 shares after selling nearly 492,000 shares.
• Nova Ltd. reported $2.20 EPS for the quarter, surpassing analysts' expectations of $2.05, with a 40.2% increase in revenue year-over-year.
• Recent analyst actions included Bank of America raising Nova's price target to $270 and multiple firms issuing ratings ranging from "buy" to "hold," reflecting a consensus of "Moderate Buy."

Acadian Asset Management LLC lowered its position in Nova Ltd. (NASDAQ:NVMI - Free Report) by 76.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,333 shares of the semiconductor company's stock after selling 491,527 shares during the quarter. Acadian Asset Management LLC owned approximately 0.51% of Nova worth $27,699,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NVMI. ASR Vermogensbeheer N.V. purchased a new stake in shares of Nova during the 1st quarter worth approximately $26,000. Advisors Asset Management Inc. lifted its position in shares of Nova by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company's stock worth $69,000 after buying an additional 128 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Nova during the 1st quarter worth approximately $92,000. Plato Investment Management Ltd purchased a new stake in shares of Nova during the 1st quarter worth approximately $208,000. Finally, Wellington Management Group LLP acquired a new position in shares of Nova in the 4th quarter valued at $237,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Nova Price Performance

NASDAQ:NVMI traded up $3.26 on Tuesday, reaching $302.69. The stock had a trading volume of 150,702 shares, compared to its average volume of 297,286. The company has a market cap of $8.90 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 2.43 and a beta of 1.72. The firm's fifty day moving average is $268.38 and its two-hundred day moving average is $229.03. Nova Ltd. has a 12-month low of $153.99 and a 12-month high of $304.78.

Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. The business had revenue of $219.99 million for the quarter, compared to analyst estimates of $214.95 million. Nova had a net margin of 29.10% and a return on equity of 24.36%. The company's revenue was up 40.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, research analysts forecast that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NVMI has been the topic of a number of recent research reports. Wall Street Zen cut shares of Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Bank of America lifted their target price on shares of Nova from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $300.00 price objective (up from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $282.50.

Nova Company Profile

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.