Nova's (NVMI) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Nova's stock (NASDAQ: NVMI) has been reaffirmed with a "hold (c)" rating by Weiss Ratings, reflecting a cautious stance from analysts.
• Cantor Fitzgerald and Bank of America have both updated their target prices for Nova, with Cantor raising it to $300 and Bank of America to $270, indicating positive sentiment among some analysts.
• NOVA's quarterly earnings exceeded expectations, reporting $2.20 EPS against a consensus of $2.05, with revenue also up 40.2% year-over-year.

Nova (NASDAQ:NVMI - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently commented on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 target price (up from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Bank of America raised their target price on Nova from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $282.50.

Nova Stock Up 2.8%

NVMI stock opened at $321.49 on Wednesday. Nova has a twelve month low of $153.99 and a twelve month high of $336.95. The company has a market cap of $9.45 billion, a PE ratio of 43.74, a price-to-earnings-growth ratio of 2.58 and a beta of 1.76. The business's 50-day simple moving average is $281.51 and its 200 day simple moving average is $240.67.

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

Institutional Investors Weigh In On Nova

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP raised its position in shares of Nova by 4.9% during the second quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company's stock worth $605,701,000 after acquiring an additional 102,250 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised 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 acquiring an additional 58,600 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Nova by 13.1% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,437,657 shares of the semiconductor company's stock worth $395,643,000 after acquiring an additional 166,672 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Nova by 10.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,342,169 shares of the semiconductor company's stock worth $369,365,000 after acquiring an additional 129,684 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.