Cantor Fitzgerald Issues Negative Forecast for Nova Earnings

Key Points

• Cantor Fitzgerald has reduced its FY2026 earnings estimate for Nova Ltd. from $9.11 to $8.66 per share, while maintaining an "Overweight" rating and a price target of $300.00.
• Despite the downgrade from Cantor Fitzgerald, other analysts have raised their price targets, with Bank of America increasing theirs from $250.00 to $270.00 and Benchmark reducing theirs from $295.00 to $280.00.
• NOVA recently reported earnings of $2.20 per share for Q2, exceeding analyst expectations, and showing a 40.2% year-over-year revenue growth.

Nova Ltd. (NASDAQ:NVMI - Free Report) - Analysts at Cantor Fitzgerald reduced their FY2026 earnings per share estimates for shares of Nova in a research report issued to clients and investors on Friday, August 8th. Cantor Fitzgerald analyst M. Prisco now expects that the semiconductor company will earn $8.66 per share for the year, down from their prior estimate of $9.11. Cantor Fitzgerald currently 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 announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.15. The firm had revenue of $219.99 million for the quarter, compared to analysts' expectations 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 business posted $1.61 earnings per share.

Several other equities analysts also recently weighed in on the company. Bank of America raised their price target on Nova from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Citigroup lowered their price target on Nova from $290.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Benchmark decreased their price objective on Nova from $295.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Wall Street Zen downgraded Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $282.50.

Nova Trading Down 3.8%

Shares of NASDAQ:NVMI traded down $10.38 during trading on Monday, reaching $260.45. 50,855 shares of the company traded hands, compared to its average volume of 272,877. The business's fifty day moving average is $261.71 and its 200-day moving average is $227.82. Nova has a 52-week low of $153.99 and a 52-week high of $291.99. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 2.29 and a beta of 1.67.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in shares of Nova by 13.8% in the second quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company's stock valued at $84,000 after purchasing an additional 37 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Nova by 0.8% in the 4th quarter. Alliancebernstein L.P. now owns 5,688 shares of the semiconductor company's stock valued at $1,120,000 after acquiring an additional 44 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Nova by 3.6% in the 4th quarter. NewEdge Advisors LLC now owns 1,339 shares of the semiconductor company's stock valued at $264,000 after acquiring an additional 47 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Nova by 5.0% in the 4th quarter. Advisory Services Network LLC now owns 1,149 shares of the semiconductor company's stock valued at $226,000 after acquiring an additional 55 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Nova by 51.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 56 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

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.