Quantbot Technologies LP Purchases 7,337 Shares of Nova Ltd. $NVMI

Key Points

• Quantbot Technologies LP increased its stake in Nova Ltd. by 88.1%, bringing its total holdings to 15,666 shares valued at approximately $2.89 million.
• Nova reported strong quarterly earnings with an EPS of $2.20, exceeding estimates, and a year-over-year revenue increase of 40.2%.
• Institutional investors collectively own 82.99% of Nova Ltd.'s shares, reflecting significant interest and confidence from large financial entities.

Quantbot Technologies LP increased its stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 88.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,666 shares of the semiconductor company's stock after buying an additional 7,337 shares during the period. Quantbot Technologies LP owned about 0.05% of Nova worth $2,888,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NVMI. Geode Capital Management LLC grew its position in shares of Nova by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 24,725 shares of the semiconductor company's stock valued at $4,870,000 after acquiring an additional 180 shares during the period. Russell Investments Group Ltd. lifted 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 during the last quarter. Raymond James Financial Inc. purchased a new position in Nova in the fourth quarter valued at approximately $6,541,000. Barclays PLC grew its holdings in Nova by 13.2% during 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 during the period. Finally, Mariner LLC grew its holdings in Nova by 111.1% during 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 during the period. Institutional investors own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NVMI shares. Wall Street Zen lowered Nova from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Cantor Fitzgerald reissued an "overweight" rating and issued a $300.00 price objective (up previously from $250.00) on shares of Nova in a report on Tuesday, June 24th. Citigroup dropped their price objective on shares of Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Benchmark cut their target price 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. Finally, Bank of America lifted their target price on shares of Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $282.50.

Nova Stock Up 2.3%

Shares of NASDAQ:NVMI traded up $5.58 during midday trading on Friday, reaching $252.80. 162,473 shares of the company traded hands, compared to its average volume of 253,826. The firm's fifty day moving average price is $264.97 and its two-hundred day moving average price is $228.22. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.10 and a beta of 1.67. 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 issued its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. The business had revenue of $219.99 million during 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 was up 40.2% compared to the same quarter last year. During the same quarter last year, the company 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 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.