Cantor Fitzgerald Forecasts Nova FY2026 Earnings

Nova Ltd. (NASDAQ:NVMI) – Cantor Fitzgerald issued their FY2026 earnings per share estimates for Nova in a report issued on Monday, June 9th. Cantor Fitzgerald analyst M. Prisco forecasts that the semiconductor company will post earnings of $9.11 per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $300.00 price target on the stock. The consensus estimate for Nova’s current full-year earnings is $7.52 per share.

A number of other equities analysts have also recently weighed in on the company. Citigroup cut their price target on Nova from $290.00 to $280.00 and set a “buy” rating for the company in a report on Friday, May 9th. Benchmark cut their price target on Nova from $295.00 to $280.00 and set a “buy” rating for the company in a report on Friday, May 9th. Needham & Company LLC reissued a “hold” rating on shares of Nova in a report on Friday, February 14th. Wall Street Zen lowered Nova from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Finally, Bank of America dropped their target price on Nova from $310.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.00.

Nova Stock Up 2.9%

NASDAQ NVMI opened at $232.85 on Wednesday. Nova has a fifty-two week low of $154.00 and a fifty-two week high of $289.90. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 2.55 and a beta of 1.61. The business has a fifty day moving average of $192.48 and a 200-day moving average of $209.18.

Nova (NASDAQ:NVMI) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.10. The firm had revenue of $213.36 million for the quarter, compared to the consensus estimate of $210.10 million. Nova had a return on equity of 22.33% and a net margin of 27.33%. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP increased its position in Nova by 49.3% in the fourth quarter. Wasatch Advisors LP now owns 2,411,677 shares of the semiconductor company’s stock worth $474,980,000 after buying an additional 796,629 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its position in Nova by 7.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,490,554 shares of the semiconductor company’s stock worth $274,254,000 after buying an additional 107,215 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Nova by 3.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,212,485 shares of the semiconductor company’s stock worth $223,497,000 after buying an additional 42,860 shares during the period. Vanguard Group Inc. increased its position in Nova by 1.4% in the first quarter. Vanguard Group Inc. now owns 1,062,142 shares of the semiconductor company’s stock worth $197,195,000 after buying an additional 14,360 shares during the period. Finally, Meitav Investment House Ltd. increased its position in Nova by 10.1% in the fourth quarter. Meitav Investment House Ltd. now owns 713,003 shares of the semiconductor company’s stock worth $140,455,000 after buying an additional 65,281 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Company Profile

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.