FY2025 EPS Estimates for Nova Raised by Cantor Fitzgerald

Nova Ltd. (NASDAQ:NVMI - Free Report) - Equities researchers at Cantor Fitzgerald raised their FY2025 EPS estimates for Nova in a research note issued to investors on Monday, May 12th. Cantor Fitzgerald analyst M. Prisco now expects that the semiconductor company will earn $7.85 per share for the year, up from their previous estimate of $7.75. Cantor Fitzgerald has a "Overweight" rating and a $300.00 price objective on the stock. The consensus estimate for Nova's current full-year earnings is $7.52 per share.

Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.10. Nova had a return on equity of 22.33% and a net margin of 27.33%. The firm had revenue of $213.36 million for the quarter, compared to analyst estimates of $210.10 million. During the same period in the previous year, the company posted $1.39 earnings per share. The business's revenue was up 50.5% on a year-over-year basis.

Several other analysts have also recently commented on the company. Needham & Company LLC restated a "hold" rating on shares of Nova in a report on Friday, February 14th. Bank of America reduced their price objective on Nova from $310.00 to $248.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Benchmark cut their price target on shares of Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a report on Friday. Finally, Citigroup decreased their price objective on shares of Nova from $290.00 to $280.00 and set a "buy" rating for the company in a research note on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $269.60.

Nova Stock Up 6.6%

NASDAQ NVMI opened at $195.64 on Tuesday. The stock has a market capitalization of $5.73 billion, a P/E ratio of 34.08, a P/E/G ratio of 2.55 and a beta of 1.66. Nova has a 52-week low of $154.00 and a 52-week high of $289.90. The firm has a 50-day moving average price of $192.17 and a 200 day moving average price of $207.21.

Hedge Funds Weigh In On Nova

Institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP raised its holdings in Nova by 49.3% during the fourth quarter. Wasatch Advisors LP now owns 2,411,677 shares of the semiconductor company's stock worth $474,980,000 after acquiring an additional 796,629 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Nova by 7.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,490,554 shares of the semiconductor company's stock worth $274,254,000 after purchasing an additional 107,215 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Nova by 7.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,370,985 shares of the semiconductor company's stock worth $270,015,000 after purchasing an additional 97,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of 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 buying an additional 42,860 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Nova by 1.4% during the first quarter. Vanguard Group Inc. now owns 1,062,142 shares of the semiconductor company's stock worth $197,195,000 after buying an additional 14,360 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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.

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