Korea Investment CORP Takes Position in Nova Ltd. $NVMI

Key Points

• Korea Investment CORP has acquired 9,185 shares of Nova Ltd. (NASDAQ:NVMI) during Q1, with a total investment of approximately $1,676,000.
• Several institutional investors have also increased their positions in Nova, with Bank of New York Mellon Corp boosting its stake by 122.2%.
• Analysts have updated their ratings and price targets for Nova, resulting in a current consensus price target of $282.50 and an average rating of "Moderate Buy."

Korea Investment CORP bought a new stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,185 shares of the semiconductor company's stock, valued at approximately $1,676,000.

Several other large investors have also modified their holdings of NVMI. Polar Capital Holdings Plc boosted its position in shares of Nova by 504.5% during the fourth quarter. Polar Capital Holdings Plc now owns 354,302 shares of the semiconductor company's stock valued at $69,780,000 after buying an additional 295,691 shares during the period. Nuveen LLC purchased a new position in shares of Nova during the first quarter worth approximately $22,647,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Nova by 7.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,490,554 shares of the semiconductor company's stock worth $274,254,000 after acquiring an additional 107,215 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of Nova during the fourth quarter worth approximately $9,859,000. Finally, Invesco Ltd. increased its position in shares of Nova by 41.2% during the first quarter. Invesco Ltd. now owns 163,234 shares of the semiconductor company's stock worth $30,089,000 after acquiring an additional 47,609 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

Nova Stock Up 5.3%

Shares of Nova stock traded up $13.91 during midday trading on Thursday, hitting $277.46. The company had a trading volume of 196,625 shares, compared to its average volume of 270,852. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 37.79, a PEG ratio of 2.16 and a beta of 1.67. The company has a fifty day simple moving average of $266.72 and a 200 day simple moving average of $228.52. Nova Ltd. has a 12-month low of $153.99 and a 12-month high of $291.99.

Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. The firm had revenue of $219.99 million during the quarter, compared to analyst estimates of $214.95 million. Nova had a net margin of 29.10% and a return on equity of 24.36%. Nova's revenue was up 40.2% on a year-over-year basis. During the same period last year, the firm posted $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, analysts expect that Nova Ltd. will post 7.52 EPS for the current year.

Analyst Ratings Changes

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

Nova 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.