Nova Ltd. $NVMI Stock Position Reduced by Credit Agricole S A

Key Points

• Credit Agricole S A has reduced its holdings in Nova Ltd. by 6.8%, now owning 17,042 shares valued at approximately $3.14 million, after selling 1,250 shares in Q1.
• Various hedge funds have increased their stakes in Nova, with Bank of New York Mellon Corp raising its holdings by 122.2% to own 39,901 shares worth about $7.36 million.
• Nova Ltd. reported a significant 40.2% rise in revenue year-over-year, driven by strong earnings of $2.20 per share, surpassing analyst estimates.

Credit Agricole S A lessened its holdings in Nova Ltd. (NASDAQ:NVMI - Free Report) by 6.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,042 shares of the semiconductor company's stock after selling 1,250 shares during the period. Credit Agricole S A owned about 0.06% of Nova worth $3,141,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. acquired a new stake in Nova during the 1st quarter valued at $26,000. Quarry LP grew its holdings 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 purchasing an additional 262 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings 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 purchasing an additional 87 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Nova during the 4th quarter valued at $237,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Nova during the 1st quarter valued at $239,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup lowered their price target on shares of Nova from $290.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. Bank of America raised their price target on shares of Nova from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Wall Street Zen lowered shares of Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Benchmark decreased their price objective on shares of Nova from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $300.00 price objective (up from $250.00) on shares of Nova in a report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $282.50.

Nova Stock Performance

Shares of NASDAQ NVMI traded up $13.91 during midday trading on Thursday, hitting $277.46. The company's stock had a trading volume of 196,625 shares, compared to its average volume of 270,852. Nova Ltd. has a 1-year low of $153.99 and a 1-year high of $291.99. The firm's fifty day moving average price is $266.72 and its 200-day moving average price is $228.52. The firm has a market cap of $8.16 billion, a P/E ratio of 37.79, a P/E/G ratio of 2.16 and a beta of 1.67.

Nova (NASDAQ:NVMI - Get Free Report) last issued 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. Nova had a net margin of 29.10% and a return on equity of 24.36%. The firm had revenue of $219.99 million for the quarter, compared to the consensus estimate of $214.95 million. During the same period last year, the firm posted $1.61 EPS. Nova's quarterly 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. As a group, 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.