Nova (NASDAQ:NVMI) Reaches New 1-Year High - Here's What Happened

Key Points

• Nova Ltd. has reached a new 52-week high, trading at $342.00, marking an increase from its previous close of $332.13.
• Analysts have shown optimism, with Bank of America raising its price target from $250.00 to $270.00, and Cantor Fitzgerald increasing its target from $250.00 to $300.00, both giving a "buy" rating.
• The semiconductor company reported a 40.2% year-over-year revenue increase and topped earnings expectations with $2.20 EPS for the quarter.

Nova Ltd. (NASDAQ:NVMI - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $342.00 and last traded at $337.37, with a volume of 14439 shares changing hands. The stock had previously closed at $332.13.

Wall Street Analyst Weigh In

NVMI has been the subject of several research reports. Bank of America lifted their price target on shares of Nova from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 price target (up from $250.00) on shares of Nova in a report on Tuesday, June 24th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nova in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Nova has an average rating of "Moderate Buy" and an average target price of $282.50.

Nova Stock Performance

The business's 50 day simple moving average is $286.94 and its 200-day simple moving average is $244.85. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 45.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.76.

Nova (NASDAQ:NVMI - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 EPS 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 company had revenue of $219.99 million for the quarter, compared to the consensus estimate of $214.95 million. During the same period in the previous year, the firm earned $1.61 EPS. Nova'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, sell-side analysts expect that Nova Ltd. will post 7.52 EPS for the current year.

Institutional Trading of Nova

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in shares of Nova by 13.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company's stock worth $84,000 after buying an additional 37 shares in the last quarter. SBI Securities Co. Ltd. raised 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 worth $45,000 after purchasing an additional 56 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Nova by 8.3% in the 2nd quarter. Signaturefd LLC now owns 928 shares of the semiconductor company's stock worth $255,000 after purchasing an additional 71 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Nova by 21.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 456 shares of the semiconductor company's stock worth $125,000 after purchasing an additional 80 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Nova by 7.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,269 shares of the semiconductor company's stock worth $234,000 after purchasing an additional 87 shares in the last quarter. 82.99% of the stock is currently 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.

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