Vancity Investment Management Ltd Buys Shares of 2,253 Nova Ltd. $NVMI

Key Points

• Vancity Investment Management Ltd has purchased a new stake in Nova Ltd., acquiring 2,253 shares valued at approximately $415,000.
• Nova's quarterly earnings report showed an EPS of $2.20, exceeding analysts' expectations and reflecting a 40.2% increase in revenue year-over-year.
• Institutional investors collectively own 82.99% of Nova's stock, indicating strong interest and confidence in the company's growth potential.

Vancity Investment Management Ltd acquired a new stake in Nova Ltd. (NASDAQ:NVMI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,253 shares of the semiconductor company's stock, valued at approximately $415,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd grew its stake in Nova by 7.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,490,554 shares of the semiconductor company's stock valued at $274,254,000 after acquiring an additional 107,215 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in Nova by 3.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,212,485 shares of the semiconductor company's stock valued at $223,497,000 after acquiring an additional 42,860 shares during the period. Vanguard Group Inc. grew its stake in Nova by 1.4% in the first quarter. Vanguard Group Inc. now owns 1,062,142 shares of the semiconductor company's stock valued at $197,195,000 after acquiring an additional 14,360 shares during the period. Polar Capital Holdings Plc grew its stake in Nova by 504.5% in the fourth quarter. Polar Capital Holdings Plc now owns 354,302 shares of the semiconductor company's stock valued at $69,780,000 after acquiring an additional 295,691 shares during the period. Finally, Phoenix Financial Ltd. grew its stake in Nova by 17.9% in the first quarter. Phoenix Financial Ltd. now owns 309,436 shares of the semiconductor company's stock valued at $57,072,000 after acquiring an additional 46,896 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Cantor Fitzgerald reissued 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. Bank of America raised their target price on Nova from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Wall Street Zen lowered Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Nova currently has an average rating of "Moderate Buy" and an average target price of $282.50.

Nova Price Performance

Shares of NVMI stock traded up $4.91 during trading hours on Friday, reaching $293.10. The company had a trading volume of 285,049 shares, compared to its average volume of 463,437. The business has a fifty day simple moving average of $268.12 and a 200-day simple moving average of $228.85. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 2.39 and a beta of 1.72. Nova Ltd. has a 12 month low of $153.99 and a 12 month high of $296.66.

Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly 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. The business had revenue of $219.99 million for the quarter, compared to analyst estimates of $214.95 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.Nova's quarterly revenue was up 40.2% compared to the same quarter last year. During the same period last year, the company posted $1.61 earnings per share. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, equities research analysts expect that Nova Ltd. will post 7.52 earnings per share for the current 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.