Nova Ltd. $NVMI Shares Bought by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. increased its stake in Nova Ltd. (NASDAQ: NVMI) by 1.4% during Q2, owning approximately $76.68 million worth of the company's stock.
• Nova recently reported a quarterly EPS of $2.20, beating analysts' expectations and showcasing a 40.2% increase in revenue compared to the previous year.
• Currently, 82.99% of Nova's stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.

Congress Asset Management Co. raised its position in Nova Ltd. (NASDAQ:NVMI - Free Report) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 278,638 shares of the semiconductor company's stock after purchasing an additional 3,759 shares during the quarter. Congress Asset Management Co. owned about 0.95% of Nova worth $76,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amundi boosted its holdings in Nova by 195.9% in the 1st quarter. Amundi now owns 24,063 shares of the semiconductor company's stock valued at $4,143,000 after purchasing an additional 15,930 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Nova by 122.2% in 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 last quarter. Plato Investment Management Ltd acquired a new position in shares of Nova in the 1st quarter worth approximately $208,000. Retirement Systems of Alabama acquired a new position in shares of Nova in the 1st quarter worth approximately $1,957,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Nova in the 1st quarter worth approximately $239,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Trading Down 0.2%

Shares of NASDAQ:NVMI opened at $306.95 on Friday. Nova Ltd. has a 52 week low of $153.99 and a 52 week high of $320.00. The company's 50 day moving average is $272.55 and its two-hundred day moving average is $233.64. The company has a market cap of $9.02 billion, a PE ratio of 41.76, a P/E/G ratio of 2.55 and a beta of 1.72.

Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the firm posted $1.61 EPS. The company's quarterly revenue was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, equities research analysts expect that Nova Ltd. will post 7.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NVMI shares. Cantor Fitzgerald restated an "overweight" rating and issued a $300.00 price objective (up from $250.00) on shares of Nova in a report on Tuesday, June 24th. Bank of America upped their price objective on shares of Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $282.50.

Nova 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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