Nova Ltd. $NVMI Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 5.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,797 shares of the semiconductor company’s stock after selling 2,661 shares during the quarter. Public Employees Retirement System of Ohio owned 0.15% of Nova worth $11,844,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NVMI. Farther Finance Advisors LLC boosted its position in Nova by 13.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 37 shares during the period. Lifestyle Asset Management Inc. raised its stake in Nova by 9.4% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 1,690 shares of the semiconductor company’s stock valued at $465,000 after acquiring an additional 145 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Nova by 182.7% in the 2nd quarter. Parallel Advisors LLC now owns 212 shares of the semiconductor company’s stock worth $58,000 after buying an additional 137 shares in the last quarter. Voya Investment Management LLC bought a new stake in shares of Nova in the 1st quarter worth $839,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Nova in the 1st quarter worth $92,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NVMI shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 price objective (up previously from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Wall Street Zen downgraded Nova from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Finally, Bank of America boosted their price objective on Nova from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.50.

Nova Trading Up 0.9%

Shares of NVMI stock opened at $309.76 on Friday. Nova Ltd. has a 1-year low of $153.99 and a 1-year high of $320.00. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 42.14, a P/E/G ratio of 2.55 and a beta of 1.72. The stock’s fifty day simple moving average is $273.18 and its 200-day simple moving average is $234.31.

Nova (NASDAQ:NVMI) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. Nova had a return on equity of 24.36% and a net margin of 29.10%.The business had revenue of $219.99 million for 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. Nova’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. On average, sell-side analysts predict that Nova Ltd. will post 7.52 EPS for the current 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.