Nova Ltd. $NVMI Shares Bought by PDT Partners LLC

Key Points

• PDT Partners LLC increased its stake in Nova Ltd. by 28.6%, owning 7,002 shares worth approximately $1.29 million at the end of Q1.
• Several hedge funds have adjusted their positions in Nova, with over 82.99% of its stock held by institutional investors.
• Analysts have set a consensus rating of "Moderate Buy" for Nova, with target prices ranging from $270 to $300 per share.

PDT Partners LLC lifted its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 28.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,002 shares of the semiconductor company's stock after acquiring an additional 1,557 shares during the period. PDT Partners LLC's holdings in Nova were worth $1,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd grew its stake in Nova by 7.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,490,554 shares of the semiconductor company's stock worth $274,254,000 after buying an additional 107,215 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Nova by 3.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,212,485 shares of the semiconductor company's stock worth $223,497,000 after buying an additional 42,860 shares during the period. Vanguard Group Inc. increased its position in Nova by 1.4% during the first quarter. Vanguard Group Inc. now owns 1,062,142 shares of the semiconductor company's stock worth $197,195,000 after buying an additional 14,360 shares during the period. Polar Capital Holdings Plc increased its position in Nova by 504.5% during the fourth quarter. Polar Capital Holdings Plc now owns 354,302 shares of the semiconductor company's stock worth $69,780,000 after buying an additional 295,691 shares during the period. Finally, Phoenix Financial Ltd. increased its position in Nova by 17.9% during the first quarter. Phoenix Financial Ltd. now owns 309,436 shares of the semiconductor company's stock worth $57,072,000 after buying an additional 46,896 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Nova Trading Up 2.4%

NASDAQ:NVMI traded up $6.64 on Tuesday, hitting $280.18. 163,065 shares of the stock were exchanged, compared to its average volume of 294,315. The stock has a market cap of $8.24 billion, a PE ratio of 38.23, a PEG ratio of 2.12 and a beta of 1.72. The stock has a fifty day moving average of $267.68 and a 200-day moving average of $227.66. Nova Ltd. has a fifty-two week low of $153.99 and a fifty-two week high of $291.99.

Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly 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 company had revenue of $219.99 million during 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 firm's revenue was up 40.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 earnings per share. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, analysts predict that Nova Ltd. will post 7.52 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on NVMI shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 price target (up previously from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Bank of America lifted their price target on Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Wall Street Zen lowered Nova from a "buy" rating to a "hold" rating in a research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $282.50.

Nova Company 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.