Nova Ltd. $NVMI Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 6.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,805 shares of the semiconductor company’s stock after purchasing an additional 106 shares during the quarter. Blue Trust Inc.’s holdings in Nova were worth $497,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in NVMI. Wealth Enhancement Advisory Services LLC raised its holdings in Nova by 26.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,299 shares of the semiconductor company’s stock valued at $256,000 after acquiring an additional 269 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Nova in the first quarter valued at approximately $239,000. Retirement Systems of Alabama purchased a new position in Nova in the first quarter valued at approximately $1,957,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Nova by 3.7% in 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 purchasing an additional 42,860 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Nova by 122.2% in 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 purchasing an additional 21,941 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Nova in a research note on Wednesday, October 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price target (up from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Finally, Bank of America increased their price target 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. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Nova presently has an average rating of “Moderate Buy” and an average target price of $282.50.

Nova Stock Down 6.7%

NASDAQ:NVMI opened at $302.28 on Monday. The company has a market capitalization of $8.89 billion, a PE ratio of 41.13, a price-to-earnings-growth ratio of 2.49 and a beta of 1.76. Nova Ltd. has a 52-week low of $153.99 and a 52-week high of $336.95. The stock has a fifty day simple moving average of $283.52 and a 200-day simple moving average of $242.83.

Nova (NASDAQ:NVMI) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping 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 business 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 EPS. The business’s revenue was up 40.2% on a year-over-year basis. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, equities analysts anticipate that Nova Ltd. will post 7.52 earnings per share for the current year.

About Nova

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.