State of New Jersey Common Pension Fund D Has $1.85 Million Holdings in Nova Ltd. $NVMI

State of New Jersey Common Pension Fund D lifted its stake in Nova Ltd. (NASDAQ:NVMI) by 11.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,738 shares of the semiconductor company’s stock after buying an additional 694 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Nova were worth $1,854,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NVMI. Nuveen LLC acquired a new position in shares of Nova in the 1st quarter worth approximately $22,647,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Nova by 7.8% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,490,554 shares of the semiconductor company’s stock worth $274,254,000 after buying an additional 107,215 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in shares of Nova by 13.4% in the 2nd quarter. Meitav Investment House Ltd. now owns 769,584 shares of the semiconductor company’s stock worth $214,680,000 after buying an additional 90,830 shares in the last quarter. Phoenix Financial Ltd. raised its holdings in shares of Nova by 28.7% in the 2nd quarter. Phoenix Financial Ltd. now owns 398,260 shares of the semiconductor company’s stock worth $109,601,000 after buying an additional 88,824 shares in the last quarter. Finally, Walleye Capital LLC raised its holdings in shares of Nova by 4,759.9% in the 1st quarter. Walleye Capital LLC now owns 71,246 shares of the semiconductor company’s stock worth $13,133,000 after buying an additional 69,780 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $282.50.

Nova Price Performance

NVMI stock opened at $344.64 on Friday. The business has a fifty day moving average price of $305.85 and a 200 day moving average price of $259.23. Nova Ltd. has a fifty-two week low of $153.99 and a fifty-two week high of $361.32. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 46.89, a P/E/G ratio of 2.44 and a beta of 1.76.

Nova (NASDAQ:NVMI) last released 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 firm had revenue of $219.99 million during the quarter, compared to analysts’ expectations of $214.95 million. During the same period last year, the firm 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. On average, equities analysts expect that Nova Ltd. will post 7.52 earnings per share for the current fiscal 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.