Invesco Ltd. Raises Stock Holdings in Nova Ltd. $NVMI

Key Points

• Invesco Ltd. increased its stake in Nova Ltd. by 41.2%, owning approximately 0.56% of the company, which was valued at about $30.1 million at the end of the first quarter.
• Nova recently reported quarterly earnings of $2.20 EPS, surpassing estimates by $0.15, and marked a revenue increase of 40.2% compared to the same period last year.
• Analysts have set a consensus price target of $282.50 for Nova, with the company having a current rating of "Moderate Buy."

Invesco Ltd. lifted its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 41.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,234 shares of the semiconductor company's stock after purchasing an additional 47,609 shares during the period. Invesco Ltd. owned about 0.56% of Nova worth $30,089,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. ASR Vermogensbeheer N.V. bought a new stake in Nova in the 1st quarter valued at about $26,000. Quarry LP raised its stake in Nova by 187.1% in the 4th quarter. Quarry LP now owns 402 shares of the semiconductor company's stock valued at $79,000 after acquiring an additional 262 shares during the period. Wellington Management Group LLP bought a new stake in Nova in the 4th quarter valued at about $237,000. PNC Financial Services Group Inc. raised its stake in Nova by 7.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,269 shares of the semiconductor company's stock valued at $234,000 after acquiring an additional 87 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Nova by 26.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,299 shares of the semiconductor company's stock valued at $256,000 after acquiring an additional 269 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Nova Price Performance

Shares of NVMI traded up $5.58 during midday trading on Friday, hitting $252.80. 162,473 shares of the company traded hands, compared to its average volume of 253,826. The stock has a 50-day moving average of $264.97 and a 200-day moving average of $228.36. Nova Ltd. has a one year low of $153.99 and a one year high of $291.99. The firm has a market cap of $7.43 billion, a P/E ratio of 34.39, a PEG ratio of 2.06 and a beta of 1.67.

Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings results 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 return on equity of 24.36% and a net margin of 29.10%.The firm had revenue of $219.99 million for the quarter, compared to analysts' expectations of $214.95 million. During the same period in the prior year, the business posted $1.61 earnings per share. The company's revenue 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.

Wall Street Analyst Weigh In

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

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.