Amundi grew its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 195.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,063 shares of the semiconductor company's stock after purchasing an additional 15,930 shares during the quarter. Amundi owned about 0.08% of Nova worth $4,143,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of NVMI. ASR Vermogensbeheer N.V. bought a new position in Nova during the first quarter worth $26,000. Wellington Management Group LLP bought a new position in shares of Nova during the 4th quarter worth about $237,000. PNC Financial Services Group Inc. increased its holdings in shares of Nova by 7.4% during the first 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 in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Nova by 26.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,299 shares of the semiconductor company's stock worth $256,000 after buying an additional 269 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Nova in the 1st quarter valued at about $239,000. 82.99% of the stock is owned by institutional investors.
Nova Stock Up 0.9%
Shares of NVMI traded up $2.75 during trading hours on Tuesday, reaching $302.18. 372,347 shares of the company traded hands, compared to its average volume of 473,910. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 2.49 and a beta of 1.72. The company's fifty day moving average price is $268.78 and its two-hundred day moving average price is $229.54. 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 earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The business had revenue of $219.99 million during the quarter, compared to the consensus estimate of $214.95 million. Nova had a net margin of 29.10% and a return on equity of 24.36%. The business's revenue for the quarter was up 40.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 earnings per share. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, analysts expect that Nova Ltd. will post 7.52 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on NVMI shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $300.00 price objective (up previously from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Wall Street Zen downgraded shares of Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Bank of America boosted their target price on Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $282.50.
View Our Latest Analysis on NVMI
Nova Profile
(
Free Report)
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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