Voya Investment Management LLC Acquires Shares of 4,599 Nova Ltd. $NVMI

Key Points

• Voya Investment Management LLC has acquired 4,599 shares of Nova Ltd. ($NVMI), valued at approximately $839,000, in a recent SEC filing for the first quarter.
• Bank of America increased its price objective for Nova shares from $250.00 to $270.00, maintaining a "buy" rating, while Cantor Fitzgerald set a higher target of $300.00.
• Nova reported stronger-than-expected quarterly earnings with $2.20 earnings per share, surpassing estimates, and its revenue increased by 40.2% year-over-year.

Voya Investment Management LLC acquired a new stake in shares of Nova Ltd. (NASDAQ:NVMI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,599 shares of the semiconductor company's stock, valued at approximately $839,000.

A number of other hedge funds also recently made changes to their positions in NVMI. ASR Vermogensbeheer N.V. purchased a new stake in Nova in the 1st quarter worth about $26,000. Advisors Asset Management Inc. lifted its position in Nova by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company's stock valued at $69,000 after purchasing an additional 128 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in Nova in the first quarter valued at approximately $92,000. Plato Investment Management Ltd bought a new stake in Nova in the first quarter valued at approximately $208,000. Finally, PNC Financial Services Group Inc. lifted its stake in Nova by 7.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,269 shares of the semiconductor company's stock worth $234,000 after acquiring an additional 87 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NVMI has been the subject of a number of research reports. Bank of America increased their price objective on Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Wall Street Zen cut Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 price objective (up from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $282.50.

Nova Price Performance

Shares of NASDAQ NVMI opened at $307.44 on Thursday. The business has a fifty day moving average price of $271.93 and a 200 day moving average price of $232.99. Nova Ltd. has a 1-year low of $153.99 and a 1-year high of $320.00. The stock has a market capitalization of $9.04 billion, a P/E ratio of 41.83, a price-to-earnings-growth ratio of 2.58 and a beta of 1.72.

Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share for the quarter, beating 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%.The company's revenue was up 40.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.61 earnings per share. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, equities research analysts anticipate that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.

Nova 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.

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