Should I buy or sell Nova stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nova in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NVMI shares. View NVMI analyst ratings or view top-rated stocks .

What is Nova's stock price target for 2024?

3 brokerages have issued 12 month price targets for Nova's stock. Their NVMI share price targets range from $110.00 to $125.00. On average, they anticipate the company's stock price to reach $116.67 in the next year. This suggests that the stock has a possible downside of 10.8%. View analysts price targets for NVMI or view top-rated stocks among Wall Street analysts .

How have NVMI shares performed in 2023?

Nova's stock was trading at $81.68 at the start of the year. Since then, NVMI stock has increased by 60.1% and is now trading at $130.80. View the best growth stocks for 2023 here .

When is Nova's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024. View our NVMI earnings forecast .

How were Nova's earnings last quarter?

Nova Ltd. (NASDAQ:NVMI) announced its quarterly earnings results on Thursday, November, 9th. The semiconductor company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.15. The semiconductor company had revenue of $128.81 million for the quarter, compared to the consensus estimate of $123 million. Nova had a net margin of 25.11% and a trailing twelve-month return on equity of 21.60%.

What ETFs hold Nova's stock?

ETFs with the largest weight of Nova (NASDAQ:NVMI) stock in their portfolio include ARK Israel Innovative Technology ETF (IZRL) , BlueStar Israel Technology ETF (ITEQ) , VanEck Israel ETF (ISRA) and SPDR FactSet Innovative Technology ETF (XITK) . Pacer BlueStar Engineering the Future ETF (BULD) .

What guidance has Nova issued on next quarter's earnings?

Nova updated its fourth quarter 2023 earnings guidance on Monday, December, 11th. The company provided EPS guidance of 1.160-1.310 for the period, compared to the consensus earnings per share estimate of 1.090. The company issued revenue guidance of $123.0 million-$132.0 million, compared to the consensus revenue estimate of $127.3 million.

What is Eitan Oppenhaim's approval rating as Nova's CEO?

18 employees have rated Nova Chief Executive Officer Eitan Oppenhaim on Glassdoor.com . Eitan Oppenhaim has an approval rating of 94% among the company's employees. This puts Eitan Oppenhaim in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Nova own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nova investors own include NVIDIA (NVDA) , Micron Technology (MU) , Intel (INTC) , Alibaba Group (BABA) , Applied Materials (AMAT) , Starbucks (SBUX) , Activision Blizzard (ATVI) , Broadcom (AVGO) , Skyworks Solutions (SWKS) and Walt Disney (DIS) .

Who are Nova's major shareholders?

Nova's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (7.71%), Adage Capital Partners GP L.L.C. (4.66%), Harel Insurance Investments & Financial Services Ltd. (4.11%), Migdal Insurance & Financial Holdings Ltd. (3.68%), Acadian Asset Management LLC (2.77%) and Meitav Investment House Ltd. (1.79%).

How do I buy shares of Nova?

Shares of NVMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does Nova have any subsidiaries?

The following companies are subsidiares of Nova: Ancosys Inc., Nova Measuring Instruments (Shanghai) Co. Ltd, Nova Measuring Instruments GmbH, Nova Measuring Instruments Inc., Nova Measuring Instruments K.K., Nova Measuring Instruments Korea Ltd., Nova Measuring Instruments Taiwan Ltd., ancosys GmbH, ancosys Instruments Taiwan Ltd, and ancosys Korea LLC. Read More

Positive News SentimentPositive News

Nova (NVMI) Stock Price, News & Analysis

$130.14

+3.14 (+2.47%)

(As of 05:20 PM ET)

Compare

Today's Range: $127.47
▼
$131.51
50-Day Range: $90.85
▼
$128.61
52-Week Range: $79.21
▼
$131.51

Volume: 85,973 shs
Average Volume: 121,822 shs
Market Capitalization: $3.67 billion

P/E Ratio: 30.84
Dividend Yield: N/A
Price Target: $116.67

Nova MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 10.8% Downside
$116.67 Price Target
Short Interest: Bearish
2.61% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.76
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 13.44%
From $4.24 to $4.81 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.76 out of 5 stars

Computer And Technology Sector

449th out of 585 stocks

Optical Instruments & Lenses Industry

4th out of 4 stocks

1.3

Analyst's Opinion

Consensus Rating
Nova has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $116.67, Nova has a forecasted downside of 10.8% from its current price of $130.80.
Amount of Analyst Coverage
Nova has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.61% of the outstanding shares of Nova have been sold short.
Short Interest Ratio / Days to Cover
Nova has a short interest ratio ("days to cover") of 5.6.
Change versus previous month
Short interest in Nova has recently increased by 0.51%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Nova does not currently pay a dividend.
Dividend Growth
Nova does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NVMI.

3.2

News and Social Media Coverage

News Sentiment
Nova has a news sentiment score of 1.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Nova this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for NVMI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
5 people have added Nova to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nova insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Nova is held by insiders.
Percentage Held by Institutions
76.26% of the stock of Nova is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Nova are expected to grow by 13.44% in the coming year, from $4.24 to $4.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nova is 31.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nova is 31.00, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 237.36.
Price to Earnings Growth Ratio
Nova has a PEG Ratio of 5.50. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Nova has a P/B Ratio of 6.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Nova Stock (NASDAQ:NVMI)

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. The company serves various sectors of the integrated circuit manufacturing industry, including logic, foundries, and memory manufacturers, as well as process equipment manufacturers. Nova Ltd. was formerly known as Nova Measuring Instruments Ltd. and changed its name to Nova Ltd. in July 2021. Nova Ltd. was incorporated in 1993 and is headquartered in Rehovot, Israel.

NVMI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NVMI Stock News Headlines

December 1, 2023 | markets.businessinsider.com

Buy Rating on Nova’s Stock Maintained Amidst Strong Growth and Positive Industry Outlook

November 13, 2023 | msn.com

Nova Ltd. (NVMI) Crossed Above the 50-Day Moving Average: What That Means for Investors

December 11, 2023 | Edge On The Street (Ad)

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November 11, 2023 | morningstar.com

Nova Ltd NVMI

November 10, 2023 | finance.yahoo.com

Nova Ltd. (NASDAQ:NVMI) Q3 2023 Earnings Call Transcript

November 9, 2023 | finanznachrichten.de

Nova Ltd. Reports Third Quarter 2023 Financial Results

November 9, 2023 | markets.businessinsider.com

Nova Q3 Profit Falls, Yet Beats Estimates

November 9, 2023 | finance.yahoo.com

Nova Reports Third Quarter 2023 Financial Results

December 11, 2023 | DTI Trader (Ad)

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November 9, 2023 | finance.yahoo.com

Nova (NASDAQ:NVMI) Q3: Beats On Revenue, Inventory Levels Improve

November 8, 2023 | msn.com

Nova Measuring Instruments Q3 2023 Earnings Preview

November 8, 2023 | finance.yahoo.com

Nova Earnings: What To Look For From NVMI

November 2, 2023 | msn.com

Nova Ltd. (NVMI) Increases Yet Falls Behind Market: What Investors Need to Know

October 26, 2023 | msn.com

Nova Ltd. (NVMI) Stock Moves -1.14%: What You Should Know

October 20, 2023 | finance.yahoo.com

Institutional investors in Nova Ltd. (NASDAQ:NVMI) lost 10% last week but have reaped the benefits of longer-term growth

October 10, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Technology Stocks: Nova (NVMI) and Unity Software (U)

October 10, 2023 | finance.yahoo.com

Nova to Report Third Quarter 2023 Financial Results on November 9

October 9, 2023 | finance.yahoo.com

Unveiling Nova (NVMI)'s Value: Is It Really Priced Right? A Comprehensive Guide

October 5, 2023 | finance.yahoo.com

Calculating The Intrinsic Value Of Nova Ltd. (NASDAQ:NVMI)

September 27, 2023 | finance.yahoo.com

This Chip Stock Has Shot Up Over 300% in 5 Years -- Is It Too Late to Buy?

September 25, 2023 | msn.com

Nova May Be At The Right Place For A Speculative Play

September 21, 2023 | theglobeandmail.com

Q1 Earnings Highlights: Micron Technology (NASDAQ:MU) Vs The Rest Of The Semiconductors Stocks

September 14, 2023 | finance.yahoo.com

Nova Ltd. (NVMI) Upgraded to Strong Buy: Here's Why

September 12, 2023 | finance.yahoo.com

Is Nova Ltd. (NVMI) Stock Outpacing Its Computer and Technology Peers This Year?

September 11, 2023 | finance.yahoo.com

Unveiling the Investment Potential of Nova Ltd (NVMI): A Comprehensive Analysis of Financial ...

September 9, 2023 | finance.yahoo.com

Nova (NASDAQ:NVMI) Looks To Prolong Its Impressive Returns

September 8, 2023 | msn.com

Nova Ltd. (NVMI) Stock Sinks As Market Gains: What You Should Know

See More Headlines

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Company Calendar

Last Earnings: 11/09/2023
Today: 12/11/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/21/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Optical instruments & lenses
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:NVMI
CUSIP: N/A
CIK: 1109345
Web: www.novami.com
Phone: 972732295600
Fax: 972-8940-7776
Employees: 1,177
Year Founded: 1993

Price Target and Rating

Average Stock Price Target: $116.67
High Stock Price Target: $125.00
Low Stock Price Target: $110.00
Potential Upside/Downside: -8.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.22
Trailing P/E Ratio: 30.09
Forward P/E Ratio: 29.95
P/E Growth: 5.5
Net Income: $140.21 million
Net Margins: 25.11%
Pretax Margin: 28.57%
Return on Equity: 21.60%
Return on Assets: 13.47%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.25
Quick Ratio: 1.81

Sales & Book Value

Annual Sales: $534.94 million
Price / Sales: 6.69
Cash Flow: $5.84 per share
Price / Cash Flow: 21.75
Book Value: $20.47 per share
Price / Book: 6.20

Miscellaneous

Outstanding Shares: 28,177,000
Free Float: 27,895,000
Market Cap: $3.58 billion
Optionable: Optionable
Beta: 1.35

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Key Executives

Mr. Eitan Oppenhaim (Age 57)
Executive Chairman of the Board
Comp: $1.08M
Mr. Gabriel Waisman (Age 52)
President & CEO
Comp: $437.33k
Mr. Dror David (Age 54)
Chief Financial Officer
Comp: $463.24k
Mr. Gabi Sharon (Age 61)
Chief Operating Officer
Comp: $397.32k
Dr. Shay Wolfling (Age 51)
Chief Technology Officer
Comp: $441.85k
Mr. Zohar Gil (Age 56)
Chief Marketing Officer
Mr. C. Thomas Larson
Vice President of Corporate Development
Ms. Sharon Dayan (Age 50)
Chief Human Resources Officer
Mr. Adrian S. Wilson (Age 51)
President of Nova Measuring Instruments, Inc & GM of Material Metrology Division

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NVMI Stock Analysis - Frequently Asked Questions

Should I buy or sell Nova stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nova in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NVMI shares.
View NVMI analyst ratings or view top-rated stocks.
What is Nova's stock price target for 2024?: 3 brokerages have issued 12 month price targets for Nova's stock. Their NVMI share price targets range from $110.00 to $125.00. On average, they anticipate the company's stock price to reach $116.67 in the next year. This suggests that the stock has a possible downside of 10.8%.
View analysts price targets for NVMI or view top-rated stocks among Wall Street analysts.
How have NVMI shares performed in 2023?: Nova's stock was trading at $81.68 at the start of the year. Since then, NVMI stock has increased by 60.1% and is now trading at $130.80.
View the best growth stocks for 2023 here.
When is Nova's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our NVMI earnings forecast.
How were Nova's earnings last quarter?: Nova Ltd. (NASDAQ:NVMI) announced its quarterly earnings results on Thursday, November, 9th. The semiconductor company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.15. The semiconductor company had revenue of $128.81 million for the quarter, compared to the consensus estimate of $123 million. Nova had a net margin of 25.11% and a trailing twelve-month return on equity of 21.60%.
What ETFs hold Nova's stock?: ETFs with the largest weight of Nova (NASDAQ:NVMI) stock in their portfolio include ARK Israel Innovative Technology ETF (IZRL), BlueStar Israel Technology ETF (ITEQ), VanEck Israel ETF (ISRA) and SPDR FactSet Innovative Technology ETF (XITK).Pacer BlueStar Engineering the Future ETF (BULD).

What guidance has Nova issued on next quarter's earnings?: Nova updated its fourth quarter 2023 earnings guidance on Monday, December, 11th. The company provided EPS guidance of 1.160-1.310 for the period, compared to the consensus earnings per share estimate of 1.090. The company issued revenue guidance of $123.0 million-$132.0 million, compared to the consensus revenue estimate of $127.3 million.
What is Eitan Oppenhaim's approval rating as Nova's CEO?: 18 employees have rated Nova Chief Executive Officer Eitan Oppenhaim on Glassdoor.com. Eitan Oppenhaim has an approval rating of 94% among the company's employees. This puts Eitan Oppenhaim in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Nova own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Nova investors own include NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA), Applied Materials (AMAT), Starbucks (SBUX), Activision Blizzard (ATVI), Broadcom (AVGO), Skyworks Solutions (SWKS) and Walt Disney (DIS).
Who are Nova's major shareholders?: Nova's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (7.71%), Adage Capital Partners GP L.L.C. (4.66%), Harel Insurance Investments & Financial Services Ltd. (4.11%), Migdal Insurance & Financial Holdings Ltd. (3.68%), Acadian Asset Management LLC (2.77%) and Meitav Investment House Ltd. (1.79%).
How do I buy shares of Nova?: Shares of NVMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
Does Nova have any subsidiaries?: The following companies are subsidiares of Nova: Ancosys Inc., Nova Measuring Instruments (Shanghai) Co. Ltd, Nova Measuring Instruments GmbH, Nova Measuring Instruments Inc., Nova Measuring Instruments K.K., Nova Measuring Instruments Korea Ltd., Nova Measuring Instruments Taiwan Ltd., ancosys GmbH, ancosys Instruments Taiwan Ltd, and ancosys Korea LLC.
Read More

This page (NASDAQ:NVMI) was last updated on 12/11/2023 by MarketBeat.com Staff

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