TD Asset Management Inc Has $1.58 Million Stake in Nova Ltd. $NVMI

Key Points

• TD Asset Management Inc has reduced its stake in Nova Ltd. by 51.4%, leaving it with 5,586 shares valued at approximately $1.58 million.
• Nova reported a quarterly earnings per share (EPS) of $2.20, exceeding forecasts, with a revenue increase of 40.2% year-over-year.
• Institutional investors now hold 82.99% of Nova's stock, indicating strong interest from the investment community.

TD Asset Management Inc decreased its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 51.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,586 shares of the semiconductor company's stock after selling 5,907 shares during the quarter. TD Asset Management Inc's holdings in Nova were worth $1,581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Amundi boosted its stake in Nova by 195.9% during the 1st quarter. Amundi now owns 24,063 shares of the semiconductor company's stock worth $4,143,000 after acquiring an additional 15,930 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Nova by 122.2% during the 1st quarter. Bank of New York Mellon Corp now owns 39,901 shares of the semiconductor company's stock worth $7,355,000 after acquiring an additional 21,941 shares during the last quarter. Plato Investment Management Ltd bought a new position in Nova during the 1st quarter worth approximately $208,000. Retirement Systems of Alabama bought a new position in Nova during the 1st quarter worth approximately $1,957,000. Finally, Janney Montgomery Scott LLC bought a new position in Nova during the 1st quarter worth approximately $239,000. Institutional investors own 82.99% of the company's stock.

Nova Stock Performance

Shares of NVMI stock opened at $327.70 on Thursday. The company has a market capitalization of $9.63 billion, a P/E ratio of 44.59, a price-to-earnings-growth ratio of 2.31 and a beta of 1.76. The company's 50 day moving average price is $293.12 and its two-hundred day moving average price is $250.13. Nova Ltd. has a 52 week low of $153.99 and a 52 week high of $342.00.

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Nova in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.

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