Nova Ltd. $NVMI Shares Bought by EFG Asset Management North America Corp.

Key Points

• EFG Asset Management North America Corp. increased its position in Nova Ltd. by 13.3%, acquiring an additional 2,555 shares in the first quarter, bringing its total ownership to 21,707 shares valued at approximately $4 million.
• NOVA's latest earnings report exceeded expectations, with an EPS of $2.20 compared to a consensus estimate of $2.05, and revenue increasing 40.2% year-over-year to $219.99 million.
• Analysts have varied ratings on Nova's stock, with a consensus average rating of "Moderate Buy" and a price target averaging $282.50, reflecting differing strategies among institutional investors.

EFG Asset Management North America Corp. boosted its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,707 shares of the semiconductor company's stock after acquiring an additional 2,555 shares during the period. EFG Asset Management North America Corp. owned about 0.07% of Nova worth $3,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of NVMI. ASR Vermogensbeheer N.V. purchased a new position in Nova in the first quarter worth $26,000. Advisors Asset Management Inc. raised its holdings in shares of Nova by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company's stock worth $69,000 after purchasing an additional 128 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Nova during the 4th quarter valued at about $237,000. PNC Financial Services Group Inc. increased 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 worth $234,000 after purchasing an additional 87 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Nova by 26.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,299 shares of the semiconductor company's stock worth $256,000 after acquiring an additional 269 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analyst Weigh In

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

Nova Price Performance

Shares of NASDAQ:NVMI traded up $4.73 during trading on Tuesday, hitting $278.27. 221,166 shares of the company were exchanged, compared to its average volume of 294,624. The company has a market cap of $8.18 billion, a PE ratio of 37.85, a P/E/G ratio of 2.12 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 stock has a 50 day moving average of $267.68 and a 200 day moving average of $227.66.

Nova (NASDAQ:NVMI - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $214.95 million. During the same period in the prior year, the business posted $1.61 earnings per share. Nova'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. Sell-side analysts forecast that Nova Ltd. will post 7.52 EPS for the current fiscal year.

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.