Aberdeen Group plc reduced its stake in Nova Ltd. (NASDAQ:NVMI - Free Report) by 12.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,338 shares of the semiconductor company's stock after selling 15,703 shares during the quarter. Aberdeen Group plc owned about 0.39% of Nova worth $20,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of NVMI. Geode Capital Management LLC raised its stake in Nova by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 24,725 shares of the semiconductor company's stock valued at $4,870,000 after purchasing an additional 180 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Nova by 44.0% in the fourth quarter. Russell Investments Group Ltd. now owns 2,543 shares of the semiconductor company's stock valued at $502,000 after purchasing an additional 777 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Nova in the fourth quarter valued at approximately $6,541,000. Barclays PLC raised its stake in Nova by 13.2% in the fourth quarter. Barclays PLC now owns 7,083 shares of the semiconductor company's stock valued at $1,395,000 after purchasing an additional 824 shares in the last quarter. Finally, Mariner LLC raised its stake in Nova by 111.1% in the fourth quarter. Mariner LLC now owns 4,852 shares of the semiconductor company's stock valued at $956,000 after purchasing an additional 2,554 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.
Nova Stock Up 2.3%
Shares of Nova stock traded up $5.58 on Friday, hitting $252.80. The stock had a trading volume of 162,473 shares, compared to its average volume of 253,826. Nova Ltd. has a one year low of $153.99 and a one year high of $291.99. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.10 and a beta of 1.67. The stock's 50-day simple moving average is $264.97 and its two-hundred day simple moving average is $228.22.
Nova (NASDAQ:NVMI - Get Free Report) last issued 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 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 analysts' expectations of $214.95 million. During the same quarter last year, the business earned $1.61 earnings per share. The business's revenue was up 40.2% on a year-over-year basis. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, equities analysts predict that Nova Ltd. will post 7.52 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on NVMI. Wall Street Zen downgraded shares of Nova from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 price target (up from $250.00) on shares of Nova in a research report on Tuesday, June 24th. 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. Bank of America increased 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. Finally, Citigroup reduced their price target on shares of Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $282.50.
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Nova Profile
(
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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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