Hsbc Holdings PLC purchased a new stake in Nova Ltd. (NASDAQ:NVMI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,227 shares of the semiconductor company's stock, valued at approximately $2,226,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Quantbot Technologies LP increased its stake in Nova by 88.1% during the first quarter. Quantbot Technologies LP now owns 15,666 shares of the semiconductor company's stock worth $2,888,000 after acquiring an additional 7,337 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Nova by 1,860.3% in the first quarter. Wellington Management Group LLP now owns 23,523 shares of the semiconductor company's stock valued at $4,331,000 after buying an additional 22,323 shares in the last quarter. Korea Investment CORP acquired a new stake in shares of Nova in the first quarter valued at $1,676,000. Seek First Inc. acquired a new stake in shares of Nova in the first quarter valued at $545,000. Finally, American Century Companies Inc. grew its stake in shares of Nova by 15.1% in the first quarter. American Century Companies Inc. now owns 134,700 shares of the semiconductor company's stock valued at $24,829,000 after buying an additional 17,702 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on NVMI. Wall Street Zen cut Nova from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup decreased their target price on Nova from $290.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. Benchmark decreased their target price on Nova from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 price target (up from $250.00) on shares of Nova in a report on Tuesday, June 24th. Finally, Bank of America lifted their price target on Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $282.50.
Read Our Latest Research Report on NVMI
Nova Price Performance
Shares of NVMI traded down $12.89 during midday trading on Monday, reaching $263.34. 262,248 shares of the stock were exchanged, compared to its average volume of 238,044. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 2.19 and a beta of 1.72. Nova Ltd. has a twelve month low of $153.99 and a twelve month high of $291.99. The business's 50-day moving average price is $268.24 and its 200 day moving average price is $228.38.
Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. The firm had revenue of $219.99 million for the quarter, compared to analysts' expectations of $214.95 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.The firm's revenue for the quarter was up 40.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, equities research analysts expect that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.
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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