Seek First Inc. Purchases Shares of 2,955 Nova Ltd. $NVMI

Key Points

• Seek First Inc. made a new investment of approximately $545,000 in Nova Ltd. by acquiring 2,955 shares of its stock during the first quarter.
• Nova Ltd. reported an earnings per share (EPS) of $2.20, surpassing expectations, with quarterly revenues increasing 40.2% compared to the previous year.
• Analysts have mixed ratings on Nova, with a consensus target price at $282.50 and several firms adjusting their price targets following their performance reports.

Seek First Inc. bought a new position in Nova Ltd. (NASDAQ:NVMI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,955 shares of the semiconductor company's stock, valued at approximately $545,000.

Several other institutional investors and hedge funds have also modified their holdings of NVMI. Alliancebernstein L.P. boosted its stake in shares of Nova by 0.8% during the 4th quarter. Alliancebernstein L.P. now owns 5,688 shares of the semiconductor company's stock worth $1,120,000 after acquiring an additional 44 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Nova by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 24,725 shares of the semiconductor company's stock worth $4,870,000 after acquiring an additional 180 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Nova by 44.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,543 shares of the semiconductor company's stock worth $502,000 after acquiring an additional 777 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Nova by 5.0% during the 4th quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company's stock worth $226,000 after acquiring an additional 55 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Nova during the 4th quarter worth $6,541,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Nova Stock Up 0.3%

NASDAQ NVMI traded up $0.76 on Thursday, reaching $247.22. The company had a trading volume of 115,159 shares, compared to its average volume of 273,122. The stock has a market capitalization of $7.27 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 2.08 and a beta of 1.67. The firm's 50 day moving average price is $263.98 and its 200 day moving average price is $228.24. Nova Ltd. has a 12 month low of $153.99 and a 12 month 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The company 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%. Nova's revenue for the quarter was up 40.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, research analysts expect that Nova Ltd. will post 7.52 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on NVMI shares. Bank of America lifted their price target 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. Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 price target (up previously from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Wall Street Zen cut shares of Nova from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup lowered their target price 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. Finally, Benchmark lowered their target price 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. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $282.50.

About Nova

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.