CW Advisors LLC lifted its stake in Nova Ltd. (NASDAQ:NVMI - Free Report) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,225 shares of the semiconductor company's stock after acquiring an additional 1,251 shares during the quarter. CW Advisors LLC owned approximately 0.13% of Nova worth $7,046,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Nova by 122.2% in the first quarter. Bank of New York Mellon Corp now owns 39,901 shares of the semiconductor company's stock valued at $7,355,000 after acquiring an additional 21,941 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in shares of Nova in the first quarter valued at about $1,957,000. Janney Montgomery Scott LLC acquired a new stake in shares of Nova in the first quarter valued at about $239,000. Dimensional Fund Advisors LP increased its position in shares of Nova by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 22,472 shares of the semiconductor company's stock valued at $4,426,000 after acquiring an additional 877 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Nova in the fourth quarter valued at about $237,000. Institutional investors and hedge funds own 82.99% of the company's stock.
Nova Trading Up 2.3%
Nova stock opened at $252.80 on Friday. Nova Ltd. has a 12 month low of $153.99 and a 12 month high of $291.99. The stock's 50 day moving average is $264.97 and its 200-day moving average is $228.36. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.06 and a beta of 1.67.
Nova (NASDAQ:NVMI - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. Nova had a return on equity of 24.36% and a net margin of 29.10%.The company had revenue of $219.99 million for the quarter, compared to the consensus estimate of $214.95 million. During the same quarter in the prior year, the business earned $1.61 earnings per share. The firm's revenue for the quarter was up 40.2% on a year-over-year basis. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, equities research analysts predict that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on NVMI. Citigroup lowered their target price on Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Wall Street Zen downgraded Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank of America boosted their price target on Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Cantor Fitzgerald reissued an "overweight" rating and set a $300.00 price target (up previously from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Finally, Benchmark lowered their price target on Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Nova presently has a consensus rating of "Moderate Buy" and an average price target of $282.50.
Check Out Our Latest Report on NVMI
About Nova
(
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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