ARK Investment Management LLC Acquires 1,370 Shares of Nova Ltd. $NVMI

Key Points

• ARK Investment Management LLC increased its stake in Nova Ltd. by 17.1%, acquiring an additional 1,370 shares, bringing its total holdings to 9,385 shares valued at $2,583,000.
• Four investment analysts rated Nova's stock with a Buy rating while two analysts gave it a Hold rating, resulting in a consensus price target of $282.50.
• Nova's quarterly earnings surpassed expectations, reporting $2.20 EPS against a consensus estimate of $2.05, with a revenue increase of 40.2% compared to the same quarter last year.

ARK Investment Management LLC raised its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 17.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,385 shares of the semiconductor company's stock after acquiring an additional 1,370 shares during the period. ARK Investment Management LLC's holdings in Nova were worth $2,583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC raised its position in shares of Nova by 13.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company's stock valued at $84,000 after acquiring an additional 37 shares during the last quarter. Signaturefd LLC lifted its holdings in Nova by 8.3% during the second quarter. Signaturefd LLC now owns 928 shares of the semiconductor company's stock worth $255,000 after acquiring an additional 71 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Nova by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,269 shares of the semiconductor company's stock worth $234,000 after acquiring an additional 87 shares in the last quarter. Blue Trust Inc. lifted its holdings in Nova by 6.2% during the second quarter. Blue Trust Inc. now owns 1,805 shares of the semiconductor company's stock worth $497,000 after acquiring an additional 106 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Nova by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company's stock worth $69,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Nova in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $282.50.

Nova Price Performance

Shares of NASDAQ NVMI opened at $327.70 on Thursday. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 44.59, a PEG ratio of 2.31 and a beta of 1.76. The business has a 50-day moving average of $293.12 and a 200-day moving average of $250.13. Nova Ltd. has a fifty-two week low of $153.99 and a fifty-two week high of $342.00.

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, beating the consensus estimate of $2.05 by $0.15. The company had revenue of $219.99 million during the quarter, compared to analysts' expectations of $214.95 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.Nova's revenue for the quarter was up 40.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, sell-side analysts expect that Nova Ltd. will post 7.52 EPS for the current 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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