Brokerages Set Nova Ltd. (NASDAQ:NVMI) PT at $282.50

Nova Ltd. (NASDAQ:NVMI) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $282.50.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Nova in a research report on Wednesday, October 8th.

Hedge Funds Weigh In On Nova

Hedge funds have recently bought and sold shares of the business. Amundi increased its stake in Nova by 195.9% in the first quarter. Amundi now owns 24,063 shares of the semiconductor company’s stock valued at $4,143,000 after acquiring an additional 15,930 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Nova by 122.2% in the 1st 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 in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Nova in the 1st quarter valued at approximately $208,000. Janney Montgomery Scott LLC acquired a new stake in shares of Nova in the 1st quarter valued at approximately $239,000. Finally, Congress Asset Management Co. boosted its position in Nova by 1.4% during the 2nd quarter. Congress Asset Management Co. now owns 278,638 shares of the semiconductor company’s stock worth $76,681,000 after buying an additional 3,759 shares during the period. 82.99% of the stock is owned by institutional investors.

Nova Stock Performance

NASDAQ NVMI opened at $344.00 on Tuesday. The stock has a market cap of $10.11 billion, a PE ratio of 46.80, a P/E/G ratio of 2.44 and a beta of 1.76. The firm has a 50-day moving average of $304.01 and a 200-day moving average of $257.61. Nova has a 52-week low of $153.99 and a 52-week high of $358.44.

Nova (NASDAQ:NVMI) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The business had revenue of $219.99 million for the quarter, compared to analyst estimates of $214.95 million. Nova had a net margin of 29.10% and a return on equity of 24.36%. Nova’s quarterly revenue was up 40.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 EPS. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, analysts predict that Nova will post 7.52 EPS for the current fiscal year.

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.