Nova (NASDAQ:NVMI) Sets New 52-Week High - Here's What Happened

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.

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

Analyst Ratings Changes

Several analysts recently commented on the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $300.00 target price (up from $250.00) on shares of Nova in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of Nova from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Bank of America upped their price target on Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Nova currently has an average rating of "Moderate Buy" and an average price target of $282.50.

Nova Trading Down 1.9%

The stock's 50-day moving average is $268.78 and its two-hundred day moving average is $229.54. The company has a market capitalization of $8.71 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 2.49 and a beta of 1.72.

Nova (NASDAQ:NVMI - Get Free Report) last announced its quarterly earnings data 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. Nova had a return on equity of 24.36% and a net margin of 29.10%.The company had revenue of $219.99 million for the quarter, compared to analysts' expectations of $214.95 million. During the same quarter in the prior year, the firm earned $1.61 earnings per share. Nova's revenue was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, equities research analysts forecast that Nova Ltd. will post 7.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Nova

Several hedge funds and other institutional investors have recently bought and sold shares of NVMI. Wasatch Advisors LP raised its stake 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 buying 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 second 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Nova by 13.1% in the second 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Nova by 10.7% in the second 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 period. Finally, Vanguard Group Inc. increased its stake in Nova by 1.4% during the first quarter. Vanguard Group Inc. now owns 1,062,142 shares of the semiconductor company's stock worth $197,195,000 after acquiring an additional 14,360 shares during the last quarter. 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.