Canada Pension Plan Investment Board Acquires 26,907 Shares of Nova Ltd. $NVMI

Key Points

• The Canada Pension Plan Investment Board increased its stake in Nova Ltd. by 84.8%, owning 58,643 shares valued at approximately $10.70 million as of the latest reporting period.
• Nova Ltd. reported earnings of $2.20 EPS for the last quarter, exceeding analysts' expectations, with a revenue increase of 40.2% year-over-year.
• Institutional investors now hold 82.99% of Nova's stock, indicating significant confidence from large financial entities in the company's future performance.

Canada Pension Plan Investment Board lifted its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 84.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,643 shares of the semiconductor company's stock after buying an additional 26,907 shares during the period. Canada Pension Plan Investment Board owned about 0.20% of Nova worth $10,696,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NVMI. ASR Vermogensbeheer N.V. acquired a new position in shares of Nova during the first quarter worth $26,000. PNC Financial Services Group Inc. grew its stake in shares of Nova by 7.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,269 shares of the semiconductor company's stock worth $234,000 after purchasing an additional 87 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Nova in the fourth quarter worth $237,000. Janney Montgomery Scott LLC bought a new stake in shares of Nova in the first quarter worth $239,000. Finally, XTX Topco Ltd bought a new stake in shares of Nova in the first quarter worth $249,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Stock Performance

NASDAQ:NVMI traded up $4.76 on Friday, hitting $255.70. The stock had a trading volume of 504,989 shares, compared to its average volume of 371,084. The stock has a market cap of $7.52 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 2.12 and a beta of 1.72. Nova Ltd. has a 1 year low of $153.99 and a 1 year high of $291.99. The firm's fifty day simple moving average is $267.71 and its two-hundred day simple moving average is $227.95.

Nova (NASDAQ:NVMI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. The firm had revenue of $219.99 million during 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 for the quarter was up 40.2% on a year-over-year basis. During the same quarter last year, the business 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 EPS for the current year.

Analyst Ratings Changes

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

Nova 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.