Jump Financial LLC Boosts Stock Holdings in Nova Ltd. $NVMI

Key Points

• Jump Financial LLC has increased its stake in Nova Ltd. by 264.1%, now holding 52,942 shares valued at approximately $9.76 million.
• Several institutional investors have also raised their positions in Nova, with 82.99% of the stock owned by hedge funds and institutions.
• Research analysts have mixed ratings on the stock, with a current consensus rating of "Moderate Buy" and an average price target of $282.50.

Jump Financial LLC boosted its stake in Nova Ltd. (NASDAQ:NVMI - Free Report) by 264.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,942 shares of the semiconductor company's stock after acquiring an additional 38,400 shares during the period. Jump Financial LLC owned about 0.18% of Nova worth $9,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ASR Vermogensbeheer N.V. purchased a new stake in shares of Nova in the first quarter valued at about $26,000. Quarry LP raised its holdings in Nova by 187.1% during the fourth quarter. Quarry LP now owns 402 shares of the semiconductor company's stock worth $79,000 after purchasing an additional 262 shares in the last quarter. Wellington Management Group LLP purchased a new position in Nova during the fourth quarter worth about $237,000. PNC Financial Services Group Inc. raised its holdings in Nova by 7.4% during the first 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Nova by 26.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,299 shares of the semiconductor company's stock worth $256,000 after purchasing an additional 269 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Nova Trading Up 4.8%

Shares of NVMI stock traded up $12.68 during trading hours on Thursday, hitting $276.23. The company's stock had a trading volume of 281,019 shares, compared to its average volume of 271,527. The business has a fifty day moving average of $266.72 and a 200-day moving average of $228.52. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 37.58, a P/E/G ratio of 2.16 and a beta of 1.67. Nova Ltd. has a twelve month low of $153.99 and a twelve month high of $291.99.

Nova (NASDAQ:NVMI - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) 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 firm had revenue of $219.99 million for the quarter, compared to analyst estimates of $214.95 million. During the same quarter last year, the business earned $1.61 earnings per share. Nova's revenue was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, equities analysts expect that Nova Ltd. will post 7.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NVMI shares. Bank of America increased their target price on shares of Nova from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Benchmark dropped their target price on shares of 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 issued a $300.00 target price (up from $250.00) on shares of Nova in a report on Tuesday, June 24th. Citigroup dropped their target price on shares of Nova from $290.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Wall Street Zen cut shares of Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.