Nova Ltd. (NASDAQ:NVMI) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Nova Ltd. (NASDAQ:NVMI) has a consensus recommendation of “Moderate Buy” from six brokerages, with an average price target of $282.50.
• The company's recent earnings report exceeded expectations, posting $2.20 earnings per share against a consensus of $2.05, with revenue up 40.2% year-over-year.
• Nova's stock recently fell by 2.1% to $322.03, and it has a market cap of $9.47 billion with a P/E ratio of 43.81.

Shares of Nova Ltd. (NASDAQ:NVMI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $282.50.

A number of research analysts recently commented on NVMI shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Nova in a report on Saturday, September 27th. Bank of America upped their price objective on Nova from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $300.00 price objective (up from $250.00) on shares of Nova in a report on Tuesday, June 24th.

Nova Stock Down 2.1%

NVMI traded down $6.97 during trading on Friday, reaching $322.03. The company's stock had a trading volume of 657,986 shares, compared to its average volume of 486,884. The firm has a fifty day simple moving average of $278.47 and a two-hundred day simple moving average of $238.10. Nova has a 1 year low of $153.99 and a 1 year high of $336.78. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 2.73 and a beta of 1.76.

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

Institutional Trading of Nova

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in 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. SBI Securities Co. Ltd. raised its position in Nova by 51.9% in the second quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 56 shares during the period. Ameriprise Financial Inc. raised its position in Nova by 3.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,926 shares of the semiconductor company's stock valued at $379,000 after purchasing an additional 68 shares during the period. Signaturefd LLC raised its position in Nova by 8.3% in the second quarter. Signaturefd LLC now owns 928 shares of the semiconductor company's stock valued at $255,000 after purchasing an additional 71 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Nova by 21.3% in the second quarter. Advisors Asset Management Inc. now owns 456 shares of the semiconductor company's stock valued at $125,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

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.

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