Public Sector Pension Investment Board Invests $2.69 Million in Nova Ltd. $NVMI

Key Points

• The Public Sector Pension Investment Board acquired 14,716 shares of Nova Ltd. ($NVMI) in Q1, worth approximately $2.7 million, representing a 0.05% ownership stake.
• Nova's stock has experienced a decline of 4.3%, trading at $249.38, while the company's market capitalization stands at $7.33 billion.
• The semiconductor company reported a Q2 EPS of $2.20, beating estimates, and expects Q3 2025 EPS guidance between $2.020 and $2.220.

Public Sector Pension Investment Board acquired a new position in Nova Ltd. (NASDAQ:NVMI - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,716 shares of the semiconductor company's stock, valued at approximately $2,686,000. Public Sector Pension Investment Board owned 0.05% of Nova as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC increased its stake in Nova by 3.6% during the 4th quarter. NewEdge Advisors LLC now owns 1,339 shares of the semiconductor company's stock valued at $264,000 after buying an additional 47 shares during the period. Ameriprise Financial Inc. increased its stake in Nova by 3.7% during the 4th quarter. Ameriprise Financial Inc. now owns 1,926 shares of the semiconductor company's stock valued at $379,000 after buying an additional 68 shares during the period. PNC Financial Services Group Inc. increased its stake in 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 buying an additional 87 shares during the period. ASR Vermogensbeheer N.V. acquired a new position in Nova during the 1st quarter valued at about $26,000. Finally, Mackenzie Financial Corp increased its stake in Nova by 1.9% during the 1st quarter. Mackenzie Financial Corp now owns 7,802 shares of the semiconductor company's stock valued at $1,428,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Nova from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 price objective (up previously from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Benchmark lowered their price objective on shares of Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Bank of America lifted their price objective on shares of Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Finally, Citigroup lowered their price objective on shares of Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $282.50.

Nova Price Performance

Shares of NVMI traded up $5.58 during mid-day trading on Friday, hitting $252.80. The company's stock had a trading volume of 162,473 shares, compared to its average volume of 253,826. The firm has a 50-day moving average price of $264.97 and a 200 day moving average price of $228.36. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.06 and a beta of 1.67. 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 released 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 business had revenue of $219.99 million for 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 firm's quarterly revenue was up 40.2% compared to the same quarter last year. During the same period last 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, equities analysts anticipate that Nova Ltd. will post 7.52 EPS for the current fiscal year.

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.