Nova - NVMI Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nova in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NVMI shares.
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5 equities research analysts have issued 12 month price targets for Nova's stock. Their NVMI share price forecasts range from $115.00 to $142.00. On average, they expect the company's stock price to reach $130.40 in the next year. This suggests a possible upside of 22.2% from the stock's current price.
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Nova's stock was trading at $146.50 at the start of the year. Since then, NVMI stock has decreased by 27.1% and is now trading at $106.74.
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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) posted its earnings results on Thursday, November, 4th. The semiconductor company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.24. The semiconductor company had revenue of $112.70 million for the quarter, compared to analysts' expectations of $102.81 million. Nova had a trailing twelve-month return on equity of 28.21% and a net margin of 23.85%. The company's quarterly revenue was up 62.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share.

Nova updated its third quarter 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share 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 many different institutional and retail 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 $106.74.

Nova (NASDAQ:NVMI) has a market capitalization of $3.06 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 was founded in 1993.

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.