Nova Ltd. $NVMI Shares Acquired by Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD

Key Points

• Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD has increased its stake in Nova Ltd. by 123.2%, bringing its total holdings to approximately 23,127 shares.
• As of the latest quarter, institutional investors own 82.99% of Nova's stock, indicating significant confidence from large investors in the semiconductor company.
• Nova's latest earnings report showed an impressive 40.2% year-over-year revenue growth, exceeding analysts' expectations for both earnings per share and revenue.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD raised its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 123.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,127 shares of the semiconductor company's stock after purchasing an additional 12,765 shares during the period. Nova accounts for approximately 1.4% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's investment portfolio, making the stock its 24th biggest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD owned about 0.08% of Nova worth $6,368,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NVMI. 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. Janney Montgomery Scott LLC acquired a new position in shares of Nova during the first quarter worth $239,000. Retirement Systems of Alabama acquired a new position in shares of Nova in the 1st quarter valued at $1,957,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Nova by 3.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,212,485 shares of the semiconductor company's stock worth $223,497,000 after acquiring an additional 42,860 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Nova by 122.2% during the 1st quarter. Bank of New York Mellon Corp now owns 39,901 shares of the semiconductor company's stock worth $7,355,000 after acquiring an additional 21,941 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nova in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $282.50.

Nova Stock Performance

Shares of NVMI opened at $340.35 on Friday. The business's 50-day moving average is $294.51 and its two-hundred day moving average is $251.30. The company has a market capitalization of $10.01 billion, a P/E ratio of 46.31, a P/E/G ratio of 2.27 and a beta of 1.76. Nova Ltd. has a fifty-two week low of $153.99 and a fifty-two week high of $342.00.

Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. Analysts forecast that Nova Ltd. will post 7.52 EPS for the current year.

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.

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