Nova Ltd. $NVMI Shares Acquired by Walleye Capital LLC

Key Points

• Walleye Capital LLC significantly increased its holdings in Nova Ltd. by 4,759.9% in Q1, acquiring 71,246 shares worth approximately $13.13 million.
• Nova's recent earnings report showed an EPS of $2.20, surpassing estimates and indicating a 40.2% revenue increase year-over-year.
• Analysts have mixed opinions on Nova's stock, with target prices ranging from $270 to $300, reflecting a consensus rating of "Moderate Buy."

Walleye Capital LLC lifted its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 4,759.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,246 shares of the semiconductor company's stock after buying an additional 69,780 shares during the period. Walleye Capital LLC owned approximately 0.24% of Nova worth $13,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NVMI. Polar Capital Holdings Plc lifted its position in Nova by 504.5% in the fourth quarter. Polar Capital Holdings Plc now owns 354,302 shares of the semiconductor company's stock worth $69,780,000 after purchasing an additional 295,691 shares during the period. Nuveen LLC acquired a new stake in Nova in the first quarter worth approximately $22,647,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Nova by 7.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,490,554 shares of the semiconductor company's stock worth $274,254,000 after purchasing an additional 107,215 shares during the period. Raiffeisen Bank International AG acquired a new stake in Nova in the fourth quarter worth approximately $9,859,000. Finally, Invesco Ltd. lifted its position in Nova by 41.2% in the first quarter. Invesco Ltd. now owns 163,234 shares of the semiconductor company's stock worth $30,089,000 after purchasing an additional 47,609 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Stock Up 2.3%

Shares of NASDAQ:NVMI opened at $252.80 on Monday. The company's fifty day moving average is $264.97 and its two-hundred day moving average is $228.04. Nova Ltd. has a 12-month low of $153.99 and a 12-month high of $291.99. The company has a market cap of $7.43 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 2.10 and a beta of 1.67.

Nova (NASDAQ:NVMI - Get Free Report) last announced its 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. Nova had a net margin of 29.10% and a return on equity of 24.36%. The company had revenue of $219.99 million for the quarter, compared to the consensus estimate of $214.95 million. During the same period in the previous year, the business earned $1.61 EPS. The company'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. Equities research analysts anticipate that Nova Ltd. will post 7.52 earnings per share for the current year.

Analysts Set New Price Targets

NVMI has been the subject of a number of research analyst reports. Citigroup cut their target price on Nova from $290.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Wall Street Zen downgraded Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank of America upped their price target on Nova from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Benchmark dropped their price target on Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 price target (up previously from $250.00) on shares of Nova in a report on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $282.50.

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.

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