Nova Ltd. $NVMI Stock Holdings Lowered by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP significantly reduced its stake in Nova Ltd. by 54.8%, selling 1,734 shares and retaining only 1,431 shares, which are now valued at $264,000.
• Several institutional investors, including Alliancebernstein L.P. and Geode Capital Management LLC, have made minor adjustments to their positions in Nova, contributing to a robust institutional ownership of 82.99% in the company.
• Analysts have mixed opinions on Nova's stock with price targets ranging from $270.00 to $300.00, while the stock currently trades at approximately $254.35.

Aigen Investment Management LP reduced its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 54.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,431 shares of the semiconductor company's stock after selling 1,734 shares during the period. Aigen Investment Management LP's holdings in Nova were worth $264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NVMI. ASR Vermogensbeheer N.V. purchased a new position in shares of Nova during the first quarter valued at approximately $26,000. Quarry LP raised its stake 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 during the period. Advisory Services Network LLC raised its stake in Nova by 5.0% during the fourth quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company's stock worth $226,000 after purchasing an additional 55 shares during the period. PNC Financial Services Group Inc. raised its stake 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 during the period. Finally, Wellington Management Group LLP purchased a new position in Nova during the fourth quarter worth approximately $237,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

NVMI has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 price target (up previously from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Wall Street Zen downgraded Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Citigroup cut their price objective on Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Benchmark reduced their price target on shares of Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Bank of America lifted their price target on shares of Nova from $250.00 to $270.00 and gave the company a "buy" rating 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 stock. According to data from MarketBeat.com, Nova presently has a consensus rating of "Moderate Buy" and a consensus target price of $282.50.

Nova Price Performance

NVMI traded down $5.0050 during trading hours on Tuesday, reaching $255.4450. 71,333 shares of the stock traded hands, compared to its average volume of 272,466. The firm's fifty day simple moving average is $263.25 and its two-hundred day simple moving average is $227.97. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 2.12 and a beta of 1.67. Nova Ltd. has a fifty-two week low of $153.99 and a fifty-two week 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 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. The company 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%. The firm's revenue for the quarter was up 40.2% compared to the same quarter last year. During the same period last year, the business earned $1.61 EPS. 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 year.

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.