NASDAQ:NVMI

Nova - NVMI Stock Forecast, Price & News

$85.30

-1.81 (-2.08%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $84.98
▼
$87.11
50-Day Range: $85.30
▼
$110.22
52-Week Range: $81.63
▼
$149.15

Volume: 95,230 shs
Average Volume: 84,377 shs
Market Capitalization: $2.45 billion

P/E Ratio: 21.82
Dividend Yield: N/A
Price Target: $131.75

Nova MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 54.5% Upside
$131.75 Price Target
Short Interest: Healthy
2.89% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.20
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -10.37%
From $4.34 to $3.89 Per Share

Overall MarketRank^™

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

2.16 out of 5 stars

Computer And Technology Sector

385th out of 650 stocks

Optical Instruments & Lenses Industry

5th out of 6 stocks

3.5

Analyst's Opinion

Consensus Rating
Nova has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $131.75, Nova has a forecasted upside of 54.5% from its current price of $85.30.
Amount of Analyst Coverage
Nova has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.89% 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 7.4.
Change versus previous month
Short interest in Nova has recently decreased by 2.45%, indicating that investor sentiment is improving.

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.

1.8

News and Social Media Coverage

News Sentiment
Nova has a news sentiment score of 0.20. 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 lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Nova this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for NVMI on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Nova to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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
68.37% of the stock of Nova is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Nova are expected to decrease by -10.37% in the coming year, from $4.34 to $3.89 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nova is 21.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nova is 21.82, 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 355.50.
Price to Earnings Growth Ratio
Nova has a PEG Ratio of 2.30. 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 5.14. 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 (NASDAQ:NVMI) Stock

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. The company was incorporated in 1993 and is headquartered in Rehovot, Israel.

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NVMI Stock News Headlines

September 30, 2022 | globenewswire.com

Arbswap Launches the Nova Accelerator to Support Arbitrum's - GlobeNewswire

September 27, 2022 | foxnews.com

Oklahoma police reunite wolfdog with owner: 'Like a cuddly puppy' - Fox News

September 26, 2022 | nypost.com

Oklahoma police reunite wolfdog with owner: 'Like a cuddly puppy' - New York Post

September 26, 2022 | nasdaq.com

Are Investors Undervaluing Sunnova Energy International Inc. (NYSE:NOVA) By 33%? - Nasdaq

September 23, 2022 | finance.yahoo.com

Global Styrene Market Report to 2031 - Featuring Ineos Group, Nova Chemicals and Bayer Material Science Among Others - Yahoo Finance

September 21, 2022 | finance.yahoo.com

Investing in Nova Minerals (ASX:NVA) five years ago would have delivered you a 971% gain - Yahoo Finance

September 21, 2022 | nasdaq.com

Sunnova Energy (NOVA) Set to Explore Commercial Solar Market - Nasdaq

September 20, 2022 | bloomberg.com

Watch Nova Labs' Crypto-Powered Mobile Service - Bloomberg

September 20, 2022 | globenewswire.com

Pizza Nova introduces new chorizo sausage, chorizo-themed pizzas, Italian chicken wings recipe and zesty honey-garlic sauces - GlobeNewswire

September 19, 2022 | bizjournals.com

JX Nippon to buy NRG's stake in Petra Nova carbon capture plant near Houston - Houston Business Journal - The Business Journals

September 15, 2022 | washingtonpost.com

NOVA Parks adds 44-acre preserve to its network of green spaces - The Washington Post

September 15, 2022 | streetinsider.com

Nova Mentis Completes Production of Psilocybin Microdose Capsules - StreetInsider.com

September 9, 2022 | globenewswire.com

N.W. Fulcher Limited Acquires Common Shares of Nova Leap - GlobeNewswire

September 8, 2022 | globenewswire.com

Nova Leap Health Corp. Closes Non-Brokered Private Placement - GlobeNewswire

September 7, 2022 | businesswire.com

Capstone Green Energy to Power 'The Residences at Terra Nova,' a New Luxury High-Rise Development in Jamaica - Business Wire

September 6, 2022 | finance.yahoo.com

Why Nova Ltd. (NASDAQ:NVMI) Could Be Worth Watching - Yahoo Finance

September 6, 2022 | finance.yahoo.com

Why Nova Ltd. (NASDAQ:NVMI) Could Be Worth Watching

August 30, 2022 | businesswire.com

Nova Credit and Vesti Partner to Alleviate Financial Barriers for U.S.-Bound Nigerians - Business Wire

August 29, 2022 | proactiveinvestors.com

Nova Minerals hits the ground running with Cathedral drilling campaign - Proactive Investors USA

August 25, 2022 | washingtonpost.com

Producer Creed Taylor dies at 93 - The Washington Post

August 24, 2022 | businesswire.com

Nova Credit and Verizon Expand Partnership to Provide U.S. Newcomers Access to Device Financing In-Stores - Business Wire

August 24, 2022 | cnet.com

SteelSeries Arctis Nova 7X Wireless Gaming Headset: It's Still Got It - CNET

August 24, 2022 | globenewswire.com

Nova Leap Health Corp. Announces Non-Brokered Private Placement of Common Shares - GlobeNewswire

August 23, 2022 | cnet.com

SteelSeries Arctis Nova 1 Gaming Headset Review: The Software Makes It - CNET

August 17, 2022 | nasdaq.com

NOVA June 2023 Options Begin Trading - Nasdaq

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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NVMI Company Calendar

Last Earnings: 11/04/2021
Today: 10/01/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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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: 819
Year Founded: 1993

Price Target and Rating

Average Stock Price Forecast: $131.75
High Stock Price Forecast: $142.00
Low Stock Price Forecast: $115.00
Forecasted Upside/Downside: +54.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.91
Trailing P/E Ratio: 21.82
Forward P/E Ratio: 19.65
P/E Growth: 2.3
Net Income: $93.10 million
Net Margins: 23.85%
Pretax Margin: 27.83%
Return on Equity: 28.21%
Return on Assets: 16.28%

Debt

Debt-to-Equity Ratio: 0.37
Current Ratio: 4.98
Quick Ratio: 4.10

Sales & Book Value

Annual Sales: $416.11 million
Price / Sales: 5.88
Cash Flow: $4.01 per share
Price / Cash Flow: 21.27
Book Value: $16.58 per share
Price / Book: 5.14

Miscellaneous

Outstanding Shares: 28,680,000
Free Float: 28,390,000
Market Cap: $2.45 billion
Optionable: Optionable
Beta: 1.28

Social Links

Key Executives

Mr. Eitan Oppenhaim (Age 56)
Pres, CEO & Director
Comp: $1.08M

Mr. Dror David (Age 53)
Chief Financial Officer
Comp: $463.24k

Mr. Gabi Sharon (Age 60)
Chief Operating Officer
Comp: $397.32k

Dr. Shay Wolfling (Age 50)
Chief Technology Officer
Comp: $441.85k

Mr. Gabriel Waisman (Age 51)
Chief Bus. Officer
Comp: $437.33k

Mr. Zohar Gil (Age 55)
Chief Marketing Officer

Mr. C. Thomas Larson
VP of Corp. Devel.

Ms. Sharon Dayan (Age 49)
Chief HR Officer

Mr. Adrian S. Wilson (Age 50)
Pres of Nova Measuring Instruments, Inc & GM of Material Metrology Division

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NVMI Stock - Frequently Asked Questions

Should I buy or sell Nova stock right now?: 4 Wall Street 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 analysts is that investors should "buy" NVMI shares.
View NVMI analyst ratings or view top-rated stocks.
What is Nova's stock price forecast for 2022?: 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 share price to reach $131.75 in the next twelve months. This suggests a possible upside of 54.5% from the stock's current price.
View analysts price targets for NVMI or view top-rated stocks among Wall Street analysts.
How have NVMI shares performed in 2022?: Nova's stock was trading at $146.50 at the beginning of the year. Since then, NVMI stock has decreased by 41.8% and is now trading at $85.30.
View the best growth stocks for 2022 here.
When is Nova's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our NVMI earnings forecast.
How were Nova's earnings last quarter?: Nova Ltd. (NASDAQ:NVMI) issued its quarterly earnings data on Thursday, November, 4th. The semiconductor company reported $1.16 EPS 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 the consensus estimate of $102.81 million. Nova had a net margin of 23.85% and a trailing twelve-month return on equity of 28.21%. Nova's revenue for the quarter was up 62.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share.
What guidance has Nova issued on next quarter's earnings?: Nova issued an update on its third quarter 2022 earnings guidance on Thursday, August, 25th. The company provided EPS guidance of $1.06-$1.25 for the period, compared to the consensus EPS 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.

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).
What is Nova's stock symbol?: Nova trades on the NASDAQ under the ticker symbol "NVMI."
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.
What is Nova's stock price today?: One share of NVMI stock can currently be purchased for approximately $85.30.
How much money does Nova make?: Nova (NASDAQ:NVMI) has a market capitalization of $2.45 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.
How many employees does Nova have?: The company employs 819 workers across the globe.
How can I contact Nova?: 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.

This page (NASDAQ:NVMI) was last updated on 10/1/2022 by MarketBeat.com Staff

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Nova - NVMI Stock Forecast, Price & News

Nova MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows