American Century Companies Inc. Increases Stake in Nova Ltd. $NVMI

Key Points

• American Century Companies Inc. increased its stake in Nova Ltd. by 15.1%, owning approximately 0.46% of the company, valued at $24.8 million after acquiring additional shares in the 1st quarter.
• Equities analysts have set new price targets for Nova, with Cantor Fitzgerald increasing its target from $250.00 to $300.00, while other analysts have adjusted prices to reflect a range between $270.00 and $280.00.
• Nova Ltd. recently reported earnings of $2.20 EPS, beating consensus estimates, and announced a revenue increase of 40.2% year-over-year, highlighting strong financial performance.

American Century Companies Inc. raised its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 15.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 134,700 shares of the semiconductor company's stock after acquiring an additional 17,702 shares during the period. American Century Companies Inc. owned approximately 0.46% of Nova worth $24,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ASR Vermogensbeheer N.V. bought a new position in Nova during the 1st quarter valued at about $26,000. Quarry LP lifted its stake in Nova by 187.1% during the 4th quarter. Quarry LP now owns 402 shares of the semiconductor company's stock valued at $79,000 after acquiring an additional 262 shares during the period. PNC Financial Services Group Inc. lifted its stake in Nova by 7.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,269 shares of the semiconductor company's stock valued at $234,000 after acquiring an additional 87 shares during the period. Wellington Management Group LLP bought a new position in Nova during the 4th quarter valued at about $237,000. Finally, Janney Montgomery Scott LLC bought a new position in Nova during the 1st quarter valued at about $239,000. Institutional investors own 82.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on NVMI shares. Cantor Fitzgerald restated an "overweight" rating and set a $300.00 target price (up previously from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Citigroup reduced 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 upped 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. Benchmark reduced their price target 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. Finally, Wall Street Zen lowered shares of Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Nova presently has an average rating of "Moderate Buy" and a consensus price target of $282.50.

Nova Trading Up 2.3%

Shares of NASDAQ:NVMI opened at $252.80 on Friday. The stock has a 50 day moving average of $264.97 and a 200 day moving average of $228.36. The company has a market cap of $7.43 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 2.06 and a beta of 1.67. Nova Ltd. has a 12-month low of $153.99 and a 12-month high of $291.99.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The company had revenue of $219.99 million during the quarter, compared to the consensus estimate of $214.95 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.The firm's revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. Equities research analysts predict that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.

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.

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