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

Key Points

• Nova Ltd. shares reached a new 52-week high of $324.55 during trading, closing at $322.61, with a trading volume of 24,838 shares.
• Investment analysts have shown increased confidence in Nova, with Cantor Fitzgerald raising its price target to $300 and Bank of America to $270, resulting in an average price target of $282.50.
• The semiconductor company reported a 40.2% year-over-year increase in revenue, with an EPS of $2.20 for the last quarter, surpassing analysts' expectations.

Nova Ltd. (NASDAQ:NVMI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $324.55 and last traded at $322.61, with a volume of 24838 shares. The stock had previously closed at $319.66.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NVMI shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $300.00 price objective (up from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Bank of America raised their price target on Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $282.50.

Nova Trading Up 2.5%

The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 44.56, a price-to-earnings-growth ratio of 2.58 and a beta of 1.72. The stock has a fifty day moving average price of $274.60 and a 200 day moving average price of $235.74.

Nova (NASDAQ:NVMI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.15. The business had revenue of $219.99 million for the quarter, compared to analyst estimates of $214.95 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.The firm's revenue for the quarter was up 40.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, sell-side analysts forecast that Nova Ltd. will post 7.52 EPS for the current year.

Institutional Investors Weigh In On Nova

Hedge funds have recently modified their holdings of the business. ASR Vermogensbeheer N.V. bought a new stake in shares of Nova in the first quarter valued at approximately $26,000. SBI Securities Co. Ltd. boosted its position in shares of Nova by 51.9% in the second quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 56 shares during the period. Parallel Advisors LLC boosted its position in shares of Nova by 182.7% in the second quarter. Parallel Advisors LLC now owns 212 shares of the semiconductor company's stock valued at $58,000 after acquiring an additional 137 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Nova by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company's stock valued at $69,000 after acquiring an additional 128 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Nova by 62.5% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company's stock valued at $72,000 after acquiring an additional 100 shares during the period. 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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