Plato Investment Management Ltd Takes $208,000 Position in Nova Ltd. $NVMI

Key Points

• Plato Investment Management Ltd has acquired a new stake in Nova Ltd. during the 1st quarter, purchasing 1,130 shares valued at approximately $208,000.
• Wall Street analysts currently rate Nova Ltd. stock as a “Moderate Buy,” with an average target price set at $282.50, after upgrades from Cantor Fitzgerald and Bank of America.
• NOVA's recent quarterly earnings report showed a significant 40.2% year-over-year revenue increase and EPS of $2.20, surpassing analysts' expectations.

Plato Investment Management Ltd bought a new stake in Nova Ltd. (NASDAQ:NVMI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,130 shares of the semiconductor company's stock, valued at approximately $208,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NVMI. ASR Vermogensbeheer N.V. purchased a new stake in shares of Nova in the first quarter valued at about $26,000. Advisors Asset Management Inc. increased its holdings in 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 during the last quarter. PNC Financial Services Group Inc. increased its holdings in Nova by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,269 shares of the semiconductor company's stock worth $234,000 after buying an additional 87 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Nova during the fourth quarter worth about $237,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Nova during the first quarter worth about $239,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Nova Price Performance

Shares of NVMI traded down $6.38 during trading hours on Wednesday, hitting $295.80. The company's stock had a trading volume of 279,416 shares, compared to its average volume of 298,449. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 2.49 and a beta of 1.72. The business has a 50 day simple moving average of $268.78 and a two-hundred day simple moving average of $229.54. Nova Ltd. has a 52-week low of $153.99 and a 52-week high of $304.78.

Nova (NASDAQ:NVMI - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. The firm had revenue of $219.99 million during the quarter, compared to the consensus estimate of $214.95 million. Nova had a net margin of 29.10% and a return on equity of 24.36%. The company's revenue was up 40.2% on a year-over-year basis. During the same quarter last year, the company earned $1.61 earnings per share. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. Research analysts predict that Nova Ltd. will post 7.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NVMI shares. Wall Street Zen downgraded shares of Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Bank of America raised 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, Cantor Fitzgerald restated an "overweight" rating and set a $300.00 price objective (up previously from $250.00) on shares of Nova in a report on Tuesday, June 24th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.