Parallel Advisors LLC Acquires 137 Shares of Nova Ltd. $NVMI

Parallel Advisors LLC increased its holdings in Nova Ltd. (NASDAQ:NVMI) by 182.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212 shares of the semiconductor company’s stock after buying an additional 137 shares during the period. Parallel Advisors LLC’s holdings in Nova were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Voya Investment Management LLC bought a new position in Nova in the first quarter worth approximately $839,000. Flaharty Asset Management LLC acquired a new stake in Nova in the first quarter valued at approximately $92,000. Plato Investment Management Ltd acquired a new stake in Nova in the first quarter valued at approximately $208,000. Vancity Investment Management Ltd acquired a new stake in Nova in the first quarter valued at approximately $415,000. Finally, Petrus Trust Company LTA acquired a new stake in Nova in the first quarter valued at approximately $604,000. Institutional investors own 82.99% of the company’s stock.

Nova Trading Down 0.2%

NASDAQ:NVMI opened at $306.95 on Friday. Nova Ltd. has a 12 month low of $153.99 and a 12 month high of $320.00. The firm has a fifty day simple moving average of $272.55 and a 200-day simple moving average of $233.64. The company has a market capitalization of $9.02 billion, a P/E ratio of 41.76, a PEG ratio of 2.55 and a beta of 1.72.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, topping 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 business had revenue of $219.99 million during the quarter, compared to the consensus estimate of $214.95 million. During the same period in the previous year, the firm posted $1.61 earnings per share. The business’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. Equities analysts forecast that Nova Ltd. will post 7.52 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Nova from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Bank of America raised their target price on shares of Nova from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price (up from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Four 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 stock has a consensus rating of “Moderate Buy” and a consensus target price 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.