Vanguard Group Inc. Has $197.20 Million Stake in Nova Ltd. $NVMI

Key Points

• Vanguard Group Inc. has increased its holdings in Nova Ltd. by 1.4%, owning approximately 3.63% of the company's shares, worth about $197 million as of the end of the first quarter.
• Several research firms have raised their price targets on Nova, with Bank of America setting a new target at $270 and Cantor Fitzgerald at $300, indicating strong analyst confidence in the company's stock.
• Nova Ltd. reported a quarterly EPS of $2.20, surpassing estimates, with a substantial year-over-year revenue increase of 40.2%, highlighting its financial growth and performance.

Vanguard Group Inc. lifted its position in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,062,142 shares of the semiconductor company's stock after purchasing an additional 14,360 shares during the period. Vanguard Group Inc. owned 3.63% of Nova worth $197,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in NVMI. Geode Capital Management LLC increased its stake in shares of Nova by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 24,725 shares of the semiconductor company's stock worth $4,870,000 after purchasing an additional 180 shares during the period. Russell Investments Group Ltd. increased its stake in 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 period. Raymond James Financial Inc. bought a new position in Nova during the 4th quarter worth $6,541,000. Barclays PLC increased its stake in Nova by 13.2% during the 4th quarter. Barclays PLC now owns 7,083 shares of the semiconductor company's stock worth $1,395,000 after acquiring an additional 824 shares during the period. Finally, Mariner LLC increased its stake in Nova by 111.1% during the 4th quarter. Mariner LLC now owns 4,852 shares of the semiconductor company's stock worth $956,000 after acquiring an additional 2,554 shares during the period. Institutional investors own 82.99% of the company's stock.

Nova Stock Up 2.3%

Shares of NVMI traded up $5.58 during midday 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. Nova Ltd. has a one year low of $153.99 and a one year high of $291.99. The company's fifty day simple moving average is $264.97 and its two-hundred day simple moving average is $228.36. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.06 and a beta of 1.67.

Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. Nova had a return on equity of 24.36% and a net margin of 29.10%.The company had revenue of $219.99 million for the quarter, compared to analyst estimates of $214.95 million. During the same quarter last year, the company posted $1.61 EPS. The company's revenue for the quarter was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, research analysts predict that Nova Ltd. will post 7.52 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Benchmark lowered their price objective on Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. 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 note on Tuesday, June 24th. Citigroup lowered their price objective on Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Bank of America raised their price objective on Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen lowered Nova from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Nova presently has a consensus rating of "Moderate Buy" and a consensus price target 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.