Acadian Asset Management LLC Reduces Position in Nova Ltd. $NVMI

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 decreased its holdings in shares of 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 institutional investor owned 150,333 shares of the semiconductor company's stock after selling 491,527 shares during the quarter. Acadian Asset Management LLC owned about 0.51% of Nova worth $27,699,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. ASR Vermogensbeheer N.V. purchased a new stake 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 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company's stock valued at $69,000 after acquiring an additional 128 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in shares of Nova during the 1st quarter valued at about $92,000. Plato Investment Management Ltd acquired a new position in shares of Nova during the 1st quarter valued at about $208,000. Finally, Wellington Management Group LLP acquired a new position in shares of Nova during the 4th quarter valued at about $237,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Nova Price Performance

NASDAQ NVMI opened at $278.15 on Thursday. The firm's 50-day moving average is $267.89 and its two-hundred day moving average is $228.35. Nova Ltd. has a 12 month low of $153.99 and a 12 month high of $291.99. The stock has a market capitalization of $8.18 billion, a P/E ratio of 37.84, a PEG ratio of 2.30 and a beta of 1.72.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on NVMI shares. Bank of America boosted their price target on shares of Nova from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Cantor Fitzgerald reissued an "overweight" rating and set a $300.00 price target (up previously from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Finally, Wall Street Zen cut shares of Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $282.50.

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.

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