Nova (NASDAQ:NVMI) Reaches New 12-Month High - Should You Buy?

Key Points

• Shares of Nova Ltd. (NASDAQ: NVMI) reached a new 52-week high, trading at $336.96, before closing at $330.98, with a volume of 263,828 shares.
• Analysts have given Nova a consensus rating of "Moderate Buy" with an average price target of $282.50, following upgrades from multiple firms including Cantor Fitzgerald and Bank of America.
• In its latest quarterly results, Nova reported earnings per share of $2.20, exceeding estimates, with a 40.2% year-over-year increase in revenue to $219.99 million.

Shares of Nova Ltd. (NASDAQ:NVMI - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $336.96 and last traded at $330.98, with a volume of 263828 shares traded. The stock had previously closed at $322.03.

Analyst Ratings Changes

NVMI has been the topic of several research analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 price target (up previously from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Bank of America raised their target price on shares of Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Nova in a report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Nova has a consensus rating of "Moderate Buy" and an average price target of $282.50.

Nova Stock Up 2.8%

The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 45.03, a price-to-earnings-growth ratio of 2.67 and a beta of 1.76. The stock's 50 day moving average is $279.71 and its 200 day moving average is $239.60.

Nova (NASDAQ:NVMI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.15. The firm had revenue of $219.99 million for 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 firm's quarterly revenue was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 earnings per share. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. Analysts anticipate that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nova

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its stake in Nova by 4.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company's stock worth $605,701,000 after purchasing an additional 102,250 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its stake in Nova by 3.9% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,549,154 shares of the semiconductor company's stock worth $428,980,000 after purchasing an additional 58,600 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Nova by 13.1% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,437,657 shares of the semiconductor company's stock worth $395,643,000 after purchasing an additional 166,672 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Nova by 10.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,342,169 shares of the semiconductor company's stock worth $369,365,000 after purchasing an additional 129,684 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Nova by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 1,062,142 shares of the semiconductor company's stock worth $197,195,000 after purchasing an additional 14,360 shares during the period. Institutional investors and hedge funds 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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