Nuveen LLC bought a new position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 124,090 shares of the semiconductor company's stock, valued at approximately $22,647,000. Nuveen LLC owned 0.42% of Nova as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of Nova by 41.2% during 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. Townsquare Capital LLC lifted its holdings in shares of Nova by 12.7% during the first quarter. Townsquare Capital LLC now owns 14,889 shares of the semiconductor company's stock worth $2,744,000 after purchasing an additional 1,681 shares during the period. Swiss National Bank lifted its holdings in shares of Nova by 44.6% during the first quarter. Swiss National Bank now owns 82,523 shares of the semiconductor company's stock worth $15,071,000 after purchasing an additional 25,471 shares during the period. Y.D. More Investments Ltd lifted its holdings in shares of Nova by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 297,921 shares of the semiconductor company's stock worth $54,511,000 after purchasing an additional 1,614 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Nova by 35.0% during the first quarter. Deutsche Bank AG now owns 95,555 shares of the semiconductor company's stock worth $17,614,000 after purchasing an additional 24,771 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on NVMI shares. Benchmark decreased their target price on Nova from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. Citigroup reduced their price target on Nova from $290.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Bank of America lifted their price target on Nova from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 price target (up from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Finally, Wall Street Zen cut Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Nova has a consensus rating of "Moderate Buy" and an average target price of $282.50.
Read Our Latest Stock Report on NVMI
Nova Stock Performance
Shares of NASDAQ:NVMI traded up $7.9250 during trading on Friday, reaching $255.1450. The stock had a trading volume of 81,666 shares, compared to its average volume of 271,897. The business has a fifty day moving average price of $264.36 and a 200-day moving average price of $228.28. The stock has a market cap of $7.50 billion, a PE ratio of 34.43, a PEG ratio of 2.05 and a beta of 1.67. Nova Ltd. has a 1-year low of $153.99 and a 1-year high of $291.99.
Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.15. The firm had revenue of $219.99 million for the quarter, compared to analyst estimates of $214.95 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.The business's revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 earnings per share. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. Sell-side analysts expect that Nova Ltd. will post 7.52 earnings per share for the current year.
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.
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