Nova (NASDAQ:NVMI) Reaches New 52-Week High - What's Next?

Key Points

• NOVA Ltd. (NASDAQ:NVMI) shares reached a new 52-week high, trading up to $311.98, with a closing price of $309.02 on the day of the milestone.
• After adjustments in analyst ratings, Nova has an average rating of "Moderate Buy" with a target price of $282.50, reflecting enthusiasm from some analysts despite others downgrading their ratings.
• The company's latest quarterly earnings reported a 40.2% year-over-year revenue increase at $219.99 million, surpassing analyst estimates and indicating strong financial performance.

Nova Ltd. (NASDAQ:NVMI - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $311.98 and last traded at $309.02, with a volume of 21098 shares trading hands. The stock had previously closed at $296.42.

Analyst Ratings Changes

NVMI has been the topic of several research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 target price (up from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Bank of America raised their price objective on shares of Nova from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Nova from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $282.50.

Nova Trading Up 1.9%

The company's fifty day moving average is $270.13 and its 200-day moving average is $231.30. The firm has a market capitalization of $9.27 billion, a P/E ratio of 42.91, a P/E/G ratio of 2.57 and a beta of 1.72.

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. The firm 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%. The business's revenue was up 40.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, equities research analysts anticipate that Nova Ltd. will post 7.52 EPS for the current year.

Institutional Investors Weigh In On Nova

Several hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. raised its stake in Nova by 506.7% during the 2nd quarter. Osaic Holdings Inc. now owns 2,815 shares of the semiconductor company's stock valued at $775,000 after purchasing an additional 2,351 shares during the last quarter. Orion Porfolio Solutions LLC bought a new stake in shares of Nova in the second quarter valued at about $244,000. Munro Partners acquired a new stake in Nova during the second quarter worth about $3,986,000. Advisory Services Network LLC increased its stake in Nova by 81.3% during the second quarter. Advisory Services Network LLC now owns 2,085 shares of the semiconductor company's stock valued at $548,000 after acquiring an additional 935 shares during the period. Finally, Rexford Capital Inc. acquired a new position in Nova in the 2nd quarter valued at approximately $138,000. 82.99% of the stock is owned by institutional investors.

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.