Amundi Boosts Position in Nova Ltd. $NVMI

Amundi grew its position in shares of Nova Ltd. (NASDAQ:NVMI) by 195.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,063 shares of the semiconductor company’s stock after purchasing an additional 15,930 shares during the period. Amundi owned approximately 0.08% of Nova worth $4,143,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NVMI. Ameriprise Financial Inc. raised its stake in shares of Nova by 3.7% during the fourth quarter. Ameriprise Financial Inc. now owns 1,926 shares of the semiconductor company’s stock valued at $379,000 after purchasing an additional 68 shares during the period. Nuveen Asset Management LLC grew its position in shares of Nova by 2.3% during the fourth quarter. Nuveen Asset Management LLC now owns 105,070 shares of the semiconductor company’s stock worth $20,736,000 after buying an additional 2,327 shares in the last quarter. Nicholas Investment Partners LP grew its position in shares of Nova by 5.5% during the fourth quarter. Nicholas Investment Partners LP now owns 13,211 shares of the semiconductor company’s stock worth $2,602,000 after buying an additional 688 shares in the last quarter. Man Group plc grew its position in shares of Nova by 1,521.0% during the fourth quarter. Man Group plc now owns 25,580 shares of the semiconductor company’s stock worth $5,038,000 after buying an additional 24,002 shares in the last quarter. Finally, Polar Capital Holdings Plc grew its position in shares of Nova by 504.5% during the fourth quarter. Polar Capital Holdings Plc now owns 354,302 shares of the semiconductor company’s stock worth $69,780,000 after buying an additional 295,691 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Stock Performance

Shares of NVMI opened at $278.15 on Thursday. Nova Ltd. has a 1 year low of $153.99 and a 1 year high of $291.99. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of 2.30 and a beta of 1.72. The firm has a fifty day moving average of $267.89 and a 200-day moving average of $228.35.

Nova (NASDAQ:NVMI) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the company posted $1.61 earnings per share. The company’s revenue for the quarter was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. Analysts predict that Nova Ltd. will post 7.52 EPS for the current year.

Wall Street Analyst Weigh In

NVMI has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Nova from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Bank of America lifted their price objective on shares of Nova from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 price objective (up previously from $250.00) on shares of Nova in a report on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Nova has an average rating of “Moderate Buy” and a consensus 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.