Vanguard Group Inc. Grows Holdings in Nova Ltd. $NVMI

Vanguard Group Inc. increased its position in Nova Ltd. (NASDAQ:NVMI) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,062,142 shares of the semiconductor company’s stock after acquiring an additional 14,360 shares during the quarter. Vanguard Group Inc. owned about 3.63% of Nova worth $197,195,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP increased its holdings in Nova by 187.1% in the 4th quarter. Quarry LP now owns 402 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 262 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Nova by 7.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,269 shares of the semiconductor company’s stock worth $234,000 after acquiring an additional 87 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Nova in the 4th quarter worth approximately $237,000. Janney Montgomery Scott LLC purchased a new stake in Nova in the 1st quarter worth approximately $239,000. Finally, XTX Topco Ltd purchased a new stake in Nova in the 1st quarter worth approximately $249,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on NVMI. Bank of America increased their target price on shares of Nova from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price target (up from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Citigroup dropped their price target on Nova from $290.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Wall Street Zen downgraded Nova from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Finally, Benchmark dropped their price target on Nova from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Nova has a consensus rating of “Moderate Buy” and a consensus target price of $282.50.

Nova Stock Performance

NASDAQ NVMI opened at $249.38 on Wednesday. The company has a market capitalization of $7.33 billion, a P/E ratio of 33.93, a P/E/G ratio of 2.17 and a beta of 1.67. Nova Ltd. has a one year low of $153.99 and a one year high of $291.99. The stock has a 50 day moving average price of $263.71 and a 200-day moving average price of $228.12.

Nova (NASDAQ:NVMI) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $219.99 million during the quarter, compared to the consensus estimate of $214.95 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.The company’s quarterly revenue was up 40.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, equities analysts predict that Nova Ltd. will post 7.52 EPS for the current fiscal year.

Nova 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.