Brokerages Set Nova Ltd. (NASDAQ:NVMI) PT at $307.00

Shares of Nova Ltd. (NASDAQ:NVMI) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $307.00.

A number of research firms have recently issued reports on NVMI. Evercore ISI upped their price target on Nova from $290.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a research note on Wednesday, October 8th. Finally, Benchmark upped their target price on Nova from $280.00 to $345.00 and gave the company a “buy” rating in a report on Friday, November 7th.

Nova Stock Up 6.3%

Shares of NASDAQ NVMI opened at $298.05 on Friday. The firm has a 50-day simple moving average of $317.94 and a 200-day simple moving average of $272.81. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 40.55, a price-to-earnings-growth ratio of 2.44 and a beta of 1.79. Nova has a 52 week low of $153.99 and a 52 week high of $361.32.

Nova (NASDAQ:NVMI) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.04. The company had revenue of $224.61 million during the quarter, compared to analysts’ expectations of $221.61 million. Nova had a net margin of 29.10% and a return on equity of 24.36%. Nova’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.74 EPS. Nova has set its Q4 2025 guidance at 2.020-2.200 EPS. Q4 2025 guidance at 2.020-2.200 EPS. As a group, equities research analysts expect that Nova will post 7.52 EPS for the current year.

Institutional Investors Weigh In On Nova

Several hedge funds and other institutional investors have recently bought and sold shares of NVMI. ASR Vermogensbeheer N.V. acquired a new position in Nova in the 1st quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Nova during the 3rd quarter valued at approximately $40,000. CIBC Private Wealth Group LLC lifted its holdings in Nova by 75.7% in the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 56 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Nova by 51.9% in the second quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 56 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in Nova by 2,042.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 143 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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.