Nova - NVMI Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nova in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NVMI shares.
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4 brokerages have issued 1 year price objectives for Nova's shares. Their NVMI share price forecasts range from $115.00 to $142.00. On average, they anticipate the company's stock price to reach $131.75 in the next year. This suggests a possible upside of 52.3% from the stock's current price.
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Nova's stock was trading at $146.50 on January 1st, 2022. Since then, NVMI shares have decreased by 41.0% and is now trading at $86.49.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our NVMI earnings forecast.

Nova Ltd. (NASDAQ:NVMI) issued its earnings results on Thursday, November, 4th. The semiconductor company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.24. The semiconductor company earned $112.70 million during the quarter, compared to analyst estimates of $102.81 million. Nova had a trailing twelve-month return on equity of 28.21% and a net margin of 23.85%. Nova's revenue for the quarter was up 62.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS.

Nova issued an update on its third quarter 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share (EPS) guidance of $1.06-$1.25 for the period, compared to the consensus estimate of $1.15. The company issued revenue guidance of $137.00 million-$147.00 million, compared to the consensus revenue estimate of $138.12 million.

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.

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).

Nova trades on the NASDAQ under the ticker symbol "NVMI."

Nova's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (5.64%), Harel Insurance Investments & Financial Services Ltd. (4.36%), Menora Mivtachim Holdings LTD. (4.25%), Renaissance Technologies LLC (3.57%), Clal Insurance Enterprises Holdings Ltd (2.47%) and Meitav Dash Investments Ltd. (2.43%).

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.
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One share of NVMI stock can currently be purchased for approximately $86.49.

Nova (NASDAQ:NVMI) has a market capitalization of $2.48 billion and generates $416.11 million in revenue each year. The semiconductor company earns $93.10 million in net income (profit) each year or $3.91 on an earnings per share basis.

The company employs 819 workers across the globe.

Nova's mailing address is 5 DAVID FIKES STREET P.O. BOX 266, REHOVOT L3, 7610201. The official website for the company is www.novami.com. The semiconductor company can be reached via phone at 972732295600, via email at john@theinvestor.co.il, or via fax at 972-8940-7776.