Charles Schwab Investment Management Inc. Takes Position in Nova Ltd. $NVMI

Charles Schwab Investment Management Inc. bought a new position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,764 shares of the semiconductor company's stock, valued at approximately $878,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVMI. ASR Vermogensbeheer N.V. bought a new position in shares of Nova during the first quarter worth $26,000. PNC Financial Services Group Inc. raised its stake 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 valued at $234,000 after purchasing an additional 87 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Nova during the fourth quarter valued at $237,000. Janney Montgomery Scott LLC purchased a new stake in Nova during the first quarter valued at $239,000. Finally, XTX Topco Ltd purchased a new stake in Nova during the first quarter valued at $249,000. Institutional investors own 82.99% of the company's stock.

Nova Stock Up 1.9%

NVMI stock traded up $4.76 during trading on Friday, hitting $255.70. The company had a trading volume of 504,989 shares, compared to its average volume of 371,084. The firm has a market capitalization of $7.52 billion, a P/E ratio of 34.79, a PEG ratio of 2.08 and a beta of 1.72. Nova Ltd. has a 52-week low of $153.99 and a 52-week high of $291.99. The company has a 50 day simple moving average of $267.71 and a 200-day simple moving average of $228.26.

Nova (NASDAQ:NVMI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $214.95 million. During the same quarter last year, the firm posted $1.61 EPS. The firm's revenue was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. Sell-side analysts forecast that Nova Ltd. will post 7.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on NVMI. 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 note on Tuesday, June 24th. Benchmark reduced their target price on shares of Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Wall Street Zen downgraded shares of Nova from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup reduced their target price on shares of Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $300.00 target price (up previously from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Nova has a consensus rating of "Moderate Buy" and a consensus 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.