Weiss Ratings Reiterates "Hold (C)" Rating for Nova (NASDAQ:NVMI)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Nova (NASDAQ: NVMI) in a recent report, indicating a neutral stance on the stock's performance.
• NOVA reported $2.20 EPS for the last quarter, exceeding analysts' expectations of $2.05, with a year-over-year revenue increase of 40.2%.
• Hedge funds currently hold **82.99%** of Nova's stock, with several institutional investors recently increasing their stakes in the company.

Nova (NASDAQ:NVMI - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Nova Trading Up 1.4%

NASDAQ:NVMI opened at $345.06 on Friday. The company has a market capitalization of $10.14 billion, a P/E ratio of 46.95, a P/E/G ratio of 2.39 and a beta of 1.76. Nova has a 12 month low of $153.99 and a 12 month high of $352.62. The business's 50-day moving average is $296.33 and its 200 day moving average is $253.12.

Nova (NASDAQ:NVMI - Get Free Report) last posted its earnings results 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 for 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 firm's revenue for the quarter was up 40.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 earnings per share. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, research analysts forecast that Nova will post 7.52 earnings per share for the current year.

Institutional Investors Weigh In On Nova

Hedge funds have recently made changes to their positions in the company. ASR Vermogensbeheer N.V. bought a new stake in Nova during the first quarter worth approximately $26,000. SBI Securities Co. Ltd. increased its stake in Nova by 51.9% during the second quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 56 shares during the last quarter. Parallel Advisors LLC increased its stake in Nova by 182.7% during the second quarter. Parallel Advisors LLC now owns 212 shares of the semiconductor company's stock worth $58,000 after acquiring an additional 137 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Nova by 62.5% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 100 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Nova by 13.8% during the second quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company's stock worth $84,000 after acquiring an additional 37 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

About Nova

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.