Nova Ltd. $NVMI Shares Sold by Raymond James Financial Inc.

Raymond James Financial Inc. cut its holdings in Nova Ltd. (NASDAQ:NVMI) by 16.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,655 shares of the semiconductor company’s stock after selling 5,555 shares during the period. Raymond James Financial Inc. owned 0.09% of Nova worth $5,098,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in Nova by 15.1% during the first quarter. American Century Companies Inc. now owns 134,700 shares of the semiconductor company’s stock worth $24,829,000 after purchasing an additional 17,702 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Nova by 7.8% during 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 acquiring an additional 107,215 shares during the period. HighTower Advisors LLC increased its position in shares of Nova by 7.8% during the first quarter. HighTower Advisors LLC now owns 11,580 shares of the semiconductor company’s stock worth $2,135,000 after acquiring an additional 840 shares during the period. Public Sector Pension Investment Board purchased a new stake in shares of Nova during the first quarter worth $2,686,000. Finally, Nuveen LLC purchased a new position in Nova in the first quarter valued at $22,647,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Trading Up 4.2%

NVMI stock opened at $250.94 on Friday. The firm has a 50 day moving average of $267.95 and a 200-day moving average of $228.38. Nova Ltd. has a 12-month low of $153.99 and a 12-month high of $291.99. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 2.00 and a beta of 1.72.

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

Wall Street Analysts Forecast Growth

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

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.