Meitav Investment House Ltd. boosted its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 13.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 769,584 shares of the semiconductor company's stock after acquiring an additional 90,830 shares during the period. Nova comprises 3.2% of Meitav Investment House Ltd.'s portfolio, making the stock its 5th largest holding. Meitav Investment House Ltd. owned approximately 2.62% of Nova worth $214,680,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. acquired a new position in Nova during the first quarter worth about $26,000. Parallel Advisors LLC grew its holdings in shares of Nova by 182.7% during the second quarter. Parallel Advisors LLC now owns 212 shares of the semiconductor company's stock worth $58,000 after buying an additional 137 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Nova by 13.8% during the second quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company's stock worth $84,000 after buying an additional 37 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Nova by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company's stock worth $69,000 after buying an additional 128 shares in the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Nova during the first quarter worth about $92,000. Institutional investors and hedge funds own 82.99% of the company's stock.
Nova Stock Performance
Nova stock opened at $330.98 on Tuesday. Nova Ltd. has a 1 year low of $153.99 and a 1 year high of $336.96. The firm has a 50 day moving average price of $279.71 and a 200 day moving average price of $239.60. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 45.03, a PEG ratio of 2.67 and a beta of 1.76.
Nova (NASDAQ:NVMI - Get Free Report) last released its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (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 firm had revenue of $219.99 million during the quarter, compared to the consensus estimate of $214.95 million. During the same period in the previous year, the firm earned $1.61 earnings per share. Nova's 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. Sell-side analysts predict that Nova Ltd. will post 7.52 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Nova in a report on Saturday, September 27th. Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 price target (up from $250.00) on shares of Nova in a report on Tuesday, June 24th. Finally, Bank of America lifted their price target on shares of Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $282.50.
View Our Latest Stock Report on Nova
Nova Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding NVMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nova Ltd. (NASDAQ:NVMI - Free Report).
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