Nova - NVMI Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nova in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Nova stock.
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5 brokerages have issued 1 year price objectives for Nova's stock. Their NVMI stock forecasts range from $115.00 to $146.00. On average, they predict Nova's share price to reach $131.60 in the next year. This suggests a possible upside of 22.3% 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 26.5% and is now trading at $107.62.
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Nova saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,070,000 shares, a drop of 20.1% from the June 30th total of 1,340,000 shares. Based on an average daily volume of 142,700 shares, the days-to-cover ratio is currently 7.5 days. Currently, 4.4% of the company's shares are sold short.
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Nova is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for Nova.

Nova Ltd. (NASDAQ:NVMI) released its quarterly earnings data on Thursday, May, 12th. The semiconductor company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.25. The semiconductor company had revenue of $134 million for the quarter, compared to the consensus estimate of $126.76 million. Nova had a net margin of 23.85% and a trailing twelve-month return on equity of 28.96%. Nova's revenue was up 59.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share.

Nova issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. 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.

18 employees have rated Nova CEO Eitan Oppenhaim on Glassdoor.com. Eitan Oppenhaim has an approval rating of 94% among Nova'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 institutional and retail investors. Top institutional shareholders include Harel Insurance Investments & Financial Services Ltd. (4.36%), Meitav Dash Investments Ltd. (2.43%), abrdn plc (1.56%), Montanaro Asset Management Ltd (0.96%), Royce & Associates LP (0.79%) and ARK Investment Management LLC (0.08%).

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 $107.62.

Nova (NASDAQ:NVMI) has a market capitalization of $3.09 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.

Nova employs 819 workers across the globe.

Nova was founded in 1993.

Nova's mailing address is 5 DAVID FIKES STREET P.O. BOX 266, REHOVOT L3, 7610201. The official website for Nova 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.