Nova Ltd. $NVMI Stake Boosted by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Nova Ltd. by 59.5% in the first quarter, acquiring an additional 19,544 shares, bringing its total holdings to 52,370 shares, valued at approximately $9.65 million.
• Numerous institutional investors, including Polar Capital Holdings and Walleye Capital, made significant moves in Nova's shares during the previous quarters, with institutional ownership currently at 82.99%.
• NOVA Ltd. reported a 40.2% increase in revenue year-over-year for the most recent quarter, achieving $2.20 EPS, surpassing analysts' expectations.

Trexquant Investment LP raised its holdings in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 59.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,370 shares of the semiconductor company's stock after purchasing an additional 19,544 shares during the quarter. Trexquant Investment LP owned approximately 0.18% of Nova worth $9,653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. ASR Vermogensbeheer N.V. bought a new position in Nova in the first quarter valued at approximately $26,000. PNC Financial Services Group Inc. raised its position in Nova by 7.4% in 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 last quarter. Wellington Management Group LLP bought a new position in shares of Nova during the 4th quarter worth approximately $237,000. Janney Montgomery Scott LLC bought a new position in Nova during the first quarter valued at about $239,000. Finally, XTX Topco Ltd purchased a new stake in shares of Nova during the 1st quarter valued at approximately $249,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NVMI. Cantor Fitzgerald restated an "overweight" rating and set a $300.00 price objective (up previously from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Citigroup decreased their target price on shares of Nova from $290.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Benchmark dropped 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. Bank of America boosted their target price on Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Nova currently has a consensus rating of "Moderate Buy" and a consensus target price of $282.50.

Nova Stock Up 3.1%

Shares of NVMI traded up $7.56 during trading hours on Thursday, reaching $248.36. 186,246 shares of the company traded hands, compared to its average volume of 287,546. The business has a fifty day moving average price of $268.31 and a 200-day moving average price of $228.50. The stock has a market capitalization of $7.30 billion, a P/E ratio of 33.85, a P/E/G ratio of 2.19 and a beta of 1.72. 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 issued its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.15. Nova had a net margin of 29.10% and a return on equity of 24.36%. The company had revenue of $219.99 million for the quarter, compared to the consensus estimate of $214.95 million. During the same period in the previous year, the firm earned $1.61 earnings per share. Nova's quarterly revenue was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, research analysts predict that Nova Ltd. will post 7.52 EPS for the current fiscal year.

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.