Nova - NVMI Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nova in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NVMI shares.
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3 equities research analysts have issued 1-year target prices for Nova's stock. Their NVMI share price forecasts range from $106.00 to $123.00. On average, they expect the company's share price to reach $111.50 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price.
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Nova's stock was trading at $81.68 at the beginning of 2023. Since then, NVMI shares have increased by 22.8% and is now trading at $100.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
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Nova Ltd. (NASDAQ:NVMI) posted its quarterly earnings results on Thursday, November, 4th. The semiconductor company reported $1.16 earnings per share for the quarter, topping 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 net margin of 24.57% and a trailing twelve-month return on equity of 27.41%. The business's quarterly revenue was up 62.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share.

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), First Trust NASDAQ BuyWrite Income ETF (FTQI) and AAM Transformers ETF (TRFM).Pacer BlueStar Engineering the Future ETF (BULD).

Nova issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share guidance of $0.93-$1.14 for the period, compared to the consensus estimate of $1.06. The company issued revenue guidance of $125.00 million-$135.00 million, compared to the consensus revenue estimate of $130.68 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 variety of retail and institutional investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (4.26%), Renaissance Technologies LLC (3.31%), Premier Fund Managers Ltd (3.25%), Meitav Dash Investments Ltd. (2.63%), Clal Insurance Enterprises Holdings Ltd (1.25%) and American Century Companies Inc. (1.21%).

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 $100.30.

Nova (NASDAQ:NVMI) has a market capitalization of $2.88 billion and generates $570.73 million in revenue each year. The semiconductor company earns $140.21 million in net income (profit) each year or $4.40 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.