Ewa LLC acquired a new position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 818 shares of the semiconductor company's stock, valued at approximately $225,000.
Other large investors also recently modified their holdings of the company. Amundi increased its position in shares of Nova by 195.9% during the first quarter. Amundi now owns 24,063 shares of the semiconductor company's stock worth $4,143,000 after buying an additional 15,930 shares during the period. Bank of New York Mellon Corp boosted its stake in Nova by 122.2% during the first quarter. Bank of New York Mellon Corp now owns 39,901 shares of the semiconductor company's stock worth $7,355,000 after acquiring an additional 21,941 shares in the last quarter. Plato Investment Management Ltd bought a new position in Nova during the first quarter worth $208,000. Retirement Systems of Alabama bought a new position in shares of Nova in the first quarter valued at $1,957,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Nova in the first quarter valued at $239,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on NVMI shares. Cantor Fitzgerald reissued an "overweight" rating and set a $300.00 price target (up from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Bank of America lifted their price objective on shares of Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $282.50.
Check Out Our Latest Analysis on NVMI
Nova Price Performance
Nova stock opened at $331.32 on Thursday. Nova Ltd. has a one year low of $153.99 and a one year high of $333.89. The firm has a market capitalization of $9.74 billion, a P/E ratio of 45.08, a PEG ratio of 2.65 and a beta of 1.75. The business has a fifty day moving average price of $275.86 and a 200-day moving average price of $236.40.
Nova (NASDAQ:NVMI - Get Free Report) last issued its 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. The business had revenue of $219.99 million during the quarter, compared to the consensus estimate of $214.95 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.The firm's revenue was up 40.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. Sell-side analysts expect that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.
Nova Company Profile
(
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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