MetLife Investment Management LLC Makes New $577,000 Investment in Nova Ltd. $NVMI

Key Points

• MetLife Investment Management LLC acquired 3,121 shares of Nova Ltd. (NASDAQ:NVMI) valued at approximately $577,000 during the first quarter, contributing to a growing interest from institutional investors.
• Nova's stock showed a 1.9% increase and has a market cap of $7.52 billion, with a recent earnings report exceeding analysts' expectations with an EPS of $2.20.
• Analysts have a consensus rating of "Moderate Buy" for Nova, with several brokerages recently adjusting their price targets upwards, including Cantor Fitzgerald raising it to $300.00.

MetLife Investment Management LLC purchased a new position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,121 shares of the semiconductor company's stock, valued at approximately $577,000.

A number of other institutional investors also recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its holdings in Nova by 3.7% during the 4th quarter. Ameriprise Financial Inc. now owns 1,926 shares of the semiconductor company's stock worth $379,000 after buying an additional 68 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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. ASR Vermogensbeheer N.V. acquired a new stake in shares of Nova during the first quarter worth about $26,000. Mackenzie Financial Corp increased its position in shares of Nova by 1.9% during the first quarter. Mackenzie Financial Corp now owns 7,802 shares of the semiconductor company's stock worth $1,428,000 after purchasing an additional 144 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Nova by 17.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,531 shares of the semiconductor company's stock worth $282,000 after purchasing an additional 232 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Nova Stock Up 1.7%

NVMI stock traded up $4.91 during trading on Friday, hitting $293.10. The company had a trading volume of 285,049 shares, compared to its average volume of 463,437. The firm has a market cap of $8.62 billion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 2.39 and a beta of 1.72. Nova Ltd. has a 1-year low of $153.99 and a 1-year high of $296.66. The firm has a 50-day moving average price of $268.12 and a 200-day moving average price of $228.85.

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. Sell-side analysts anticipate that Nova Ltd. will post 7.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NVMI shares. Wall Street Zen cut Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank of America lifted their target price on Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 target price (up previously from $250.00) on shares of Nova in a research 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.