Nova Ltd. (NASDAQ:NVMI) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Consensus Recommendation: Nova Ltd. has received an average rating of "Moderate Buy" from five brokerages, with one hold rating and four buy ratings.
• Target Price Updates: Analyst target prices range from $270.00 to $300.00, with revisions by firms such as Citigroup and Cantor Fitzgerald.
• Quarterly Performance: The company reported $2.20 EPS for the last quarter, exceeding analyst estimates, with revenue growth of 40.2% year-over-year.

Nova Ltd. (NASDAQ:NVMI - Get Free Report) has earned an average rating of "Moderate Buy" from the five ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $282.50.

A number of equities research analysts recently commented on NVMI shares. Citigroup lowered their price target on Nova from $290.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Wall Street Zen lowered Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Benchmark lowered their price target on Nova from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Cantor Fitzgerald reissued an "overweight" rating and issued a $300.00 price target (up from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Finally, Bank of America increased their price target on Nova from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th.

Institutional Investors Weigh In On Nova

Several large investors have recently made changes to their positions in the business. Wasatch Advisors LP increased its position in shares of Nova by 4.9% during the 2nd quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company's stock valued at $605,701,000 after purchasing an additional 102,250 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Nova by 3.9% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,549,154 shares of the semiconductor company's stock valued at $428,980,000 after purchasing an additional 58,600 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Nova by 13.1% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,437,657 shares of the semiconductor company's stock valued at $395,643,000 after purchasing an additional 166,672 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Nova by 10.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,342,169 shares of the semiconductor company's stock valued at $369,365,000 after purchasing an additional 129,684 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Nova by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 1,062,142 shares of the semiconductor company's stock valued at $197,195,000 after purchasing an additional 14,360 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Nova Stock Performance

Shares of NASDAQ:NVMI traded up $3.75 during midday trading on Friday, hitting $240.91. 1,183,907 shares of the stock were exchanged, compared to its average volume of 283,892. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 2.19 and a beta of 1.72. The business's 50-day moving average price is $268.60 and its 200 day moving average price is $228.41. Nova has a 12 month low of $153.99 and a 12 month high of $291.99.

Nova (NASDAQ:NVMI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $219.99 million during 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 revenue for the quarter was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, sell-side analysts expect that Nova will post 7.52 EPS for the current year.

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.