Janney Montgomery Scott LLC Acquires 2,160 Shares of Nova Ltd. $NVMI

Key Points

• Janney Montgomery Scott LLC increased its stake in Nova Ltd. by 166.3% during Q2, acquiring an additional 2,160 shares, bringing its total holdings to 3,459 shares worth $952,000.
• Nova Ltd. reported earnings per share of $2.20 for the most recent quarter, exceeding expectations and marking a 40.2% year-over-year revenue increase to $219.99 million.
• Institutional investors own 82.99% of Nova's stock, with notable increases in holdings from firms like Bank of New York Mellon Corp and Harel Insurance Investments.

Janney Montgomery Scott LLC boosted its holdings in Nova Ltd. (NASDAQ:NVMI - Free Report) by 166.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,459 shares of the semiconductor company's stock after acquiring an additional 2,160 shares during the period. Janney Montgomery Scott LLC's holdings in Nova were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NVMI. Wealth Enhancement Advisory Services LLC raised its stake in Nova by 17.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,531 shares of the semiconductor company's stock valued at $282,000 after acquiring an additional 232 shares during the period. Blue Trust Inc. raised its stake in Nova by 33.3% in the 1st quarter. Blue Trust Inc. now owns 1,699 shares of the semiconductor company's stock valued at $313,000 after acquiring an additional 424 shares during the period. Retirement Systems of Alabama bought a new stake in Nova in the 1st quarter valued at $1,957,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Nova by 3.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,212,485 shares of the semiconductor company's stock valued at $223,497,000 after acquiring an additional 42,860 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Nova by 122.2% in the 1st quarter. Bank of New York Mellon Corp now owns 39,901 shares of the semiconductor company's stock valued at $7,355,000 after buying an additional 21,941 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Nova Stock Performance

NVMI opened at $314.08 on Wednesday. The firm has a market cap of $9.23 billion, a P/E ratio of 42.73, a price-to-earnings-growth ratio of 2.63 and a beta of 1.76. Nova Ltd. has a 52-week low of $153.99 and a 52-week high of $336.95. The business's fifty day moving average is $285.45 and its 200-day moving average is $244.25.

Nova (NASDAQ:NVMI - Get Free Report) last released its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $214.95 million. During the same period in the prior year, the firm posted $1.61 EPS. Nova's quarterly revenue was up 40.2% on a year-over-year basis. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, research analysts predict that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on NVMI shares. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 price objective (up from $250.00) on shares of Nova in a report on Tuesday, June 24th. Bank of America upped their price objective on Nova from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nova in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $282.50.

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.

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