Wealth Enhancement Advisory Services LLC Reduces Position in Nova Ltd. $NVMI

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 24.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,163 shares of the semiconductor company’s stock after selling 368 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Nova were worth $331,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NVMI. Janney Montgomery Scott LLC purchased a new stake in shares of Nova during the first quarter valued at approximately $239,000. Blue Trust Inc. boosted its stake in shares of Nova by 33.3% during the first quarter. Blue Trust Inc. now owns 1,699 shares of the semiconductor company’s stock valued at $313,000 after purchasing an additional 424 shares during the period. Retirement Systems of Alabama purchased a new stake in shares of Nova during the first quarter valued at approximately $1,957,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Nova by 3.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,212,485 shares of the semiconductor company’s stock valued at $223,497,000 after acquiring an additional 42,860 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Nova by 122.2% during the first quarter. Bank of New York Mellon Corp now owns 39,901 shares of the semiconductor company’s stock valued at $7,355,000 after acquiring an additional 21,941 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Trading Down 5.5%

NASDAQ NVMI opened at $312.87 on Wednesday. Nova Ltd. has a 12 month low of $153.99 and a 12 month high of $336.95. The stock has a market cap of $9.20 billion, a P/E ratio of 42.57, a P/E/G ratio of 2.73 and a beta of 1.76. The stock’s fifty day moving average price is $280.56 and its 200-day moving average price is $240.11.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 target price (up previously from $250.00) on shares of Nova in a report on Tuesday, June 24th. Weiss Ratings restated a “hold (c)” rating on shares of Nova in a report on Saturday, September 27th. Finally, Bank of America upped their target price on Nova from $250.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $282.50.

Nova Company 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.