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

Key Points

• Nova Ltd. shares have reached a new 52-week high of $292.67, reflecting a strong trading volume of 52,159 shares.
• Analysts have raised their price targets for Nova, with Bank of America setting a target of $270.00 and Cantor Fitzgerald at $300.00, indicating a consensus of Moderate Buy for the stock.
• The company reported an EPS of $2.20 for the last quarter, exceeding estimates, and its revenue grew 40.2% year-over-year to $219.99 million.

Shares of Nova Ltd. (NASDAQ:NVMI - Get Free Report) hit a new 52-week high on Friday . The company traded as high as $292.67 and last traded at $292.28, with a volume of 52159 shares traded. The stock had previously closed at $288.19.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America lifted 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. Wall Street Zen lowered Nova from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $300.00 price target (up from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $282.50.

Nova Stock Up 2.4%

The company has a fifty day simple moving average of $267.96 and a 200 day simple moving average of $228.55. The firm has a market capitalization of $8.68 billion, a P/E ratio of 40.13, a P/E/G ratio of 2.31 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 EPS for the quarter, topping the consensus estimate of $2.05 by $0.15. Nova had a return on equity of 24.36% and a net margin of 29.10%.The business 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 company posted $1.61 earnings per share. The company's revenue for the quarter was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, equities analysts expect that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nova

Several hedge funds have recently added to or reduced their stakes in NVMI. Bank of New York Mellon Corp lifted its holdings in shares of Nova by 122.2% during the first quarter. Bank of New York Mellon Corp now owns 39,901 shares of the semiconductor company's stock valued at $7,355,000 after purchasing an additional 21,941 shares in the last quarter. Retirement Systems of Alabama bought a new position in shares of Nova during the first quarter valued at $1,957,000. Janney Montgomery Scott LLC bought a new position in shares of Nova during the first quarter valued at $239,000. Wellington Management Group LLP bought a new position in shares of Nova during the fourth quarter valued at $237,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Nova by 17.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,531 shares of the semiconductor company's stock valued at $282,000 after purchasing an additional 232 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

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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