Wellington Management Group LLP Has $4.33 Million Position in Nova Ltd. $NVMI

Key Points

• Wellington Management Group LLP significantly increased its stake in Nova Ltd. by 1,860.3% during the first quarter, acquiring an additional 22,323 shares to bring their total to 23,523 shares worth approximately $4.33 million.
• Several institutional investors have also initiated or increased their holdings in Nova Ltd., with 82.99% of the company’s stock now owned by institutional investors.
• A variety of analysts have given mixed ratings for Nova Ltd., with four advising to "buy" and one suggesting a "hold," while consensus estimates set a target price of $282.50 for the stock.

Wellington Management Group LLP lifted its stake in Nova Ltd. (NASDAQ:NVMI - Free Report) by 1,860.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,523 shares of the semiconductor company's stock after purchasing an additional 22,323 shares during the quarter. Wellington Management Group LLP owned 0.08% of Nova worth $4,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NVMI. ASR Vermogensbeheer N.V. purchased a new position in Nova in the first quarter valued at about $26,000. PNC Financial Services Group Inc. lifted its position in shares of Nova by 7.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,269 shares of the semiconductor company's stock worth $234,000 after purchasing an additional 87 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Nova by 26.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,299 shares of the semiconductor company's stock worth $256,000 after acquiring an additional 269 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Nova in the 1st quarter worth $239,000. Finally, XTX Topco Ltd bought a new position in shares of Nova during the 1st quarter worth about $249,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Price Performance

Shares of NASDAQ:NVMI traded up $4.11 during midday trading on Thursday, reaching $244.91. The company's stock had a trading volume of 128,187 shares, compared to its average volume of 286,931. The company has a market capitalization of $7.20 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.19 and a beta of 1.72. Nova Ltd. has a fifty-two week low of $153.99 and a fifty-two week high of $291.99. The business's fifty day simple moving average is $268.31 and its 200-day simple moving average is $228.50.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVMI. Bank of America boosted their price target on Nova from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Citigroup cut their target price on Nova from $290.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 price target (up previously from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Wall Street Zen cut shares of Nova from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Benchmark reduced their price objective on shares of Nova from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, May 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Nova currently has a consensus rating of "Moderate Buy" and a consensus target price of $282.50.

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.