Plato Investment Management Ltd Acquires New 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 acquired a new stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,130 shares of the semiconductor company's stock, valued at approximately $208,000.

Several other institutional investors also recently bought and sold shares of NVMI. ASR Vermogensbeheer N.V. purchased a new stake in Nova during the 1st quarter valued at about $26,000. Advisors Asset Management Inc. boosted its holdings in shares of Nova by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company's stock valued at $69,000 after acquiring an additional 128 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Nova by 7.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,269 shares of the semiconductor company's stock valued at $234,000 after acquiring an additional 87 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Nova during the 4th quarter valued at about $237,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Nova during the 1st quarter valued at about $239,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NVMI. Wall Street Zen downgraded shares of Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 price target (up previously from $250.00) on shares of Nova in a report on Tuesday, June 24th. Finally, Bank of America raised their price target on shares of Nova from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $282.50.

Nova Stock Up 3.6%

Shares of NASDAQ:NVMI opened at $288.19 on Friday. The firm's 50 day moving average price is $267.96 and its 200-day moving average price is $228.55. Nova Ltd. has a twelve month low of $153.99 and a twelve month high of $291.99. The stock has a market capitalization of $8.47 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.72.

Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings data 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. Nova had a net margin of 29.10% and a return on equity of 24.36%. The firm had revenue of $219.99 million for the quarter, compared to analysts' expectations of $214.95 million. During the same quarter in the prior year, the business earned $1.61 EPS. The business's quarterly revenue was up 40.2% on a year-over-year basis. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. Analysts expect that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.

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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