Nova (NASDAQ:NVMI) Now Covered by Analysts at Barclays

Barclays started coverage on shares of Nova (NASDAQ:NVMI) in a research note published on Wednesday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $465.00 target price on the semiconductor company’s stock.

Several other research firms also recently issued reports on NVMI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nova in a report on Monday, December 22nd. Evercore reissued an “outperform” rating and issued a $485.00 target price on shares of Nova in a research note on Friday, February 13th. Jefferies Financial Group restated a “buy” rating and set a $520.00 target price on shares of Nova in a research report on Thursday, February 12th. Citigroup upped their price target on Nova from $370.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Zacks Research upgraded Nova from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $442.25.

Nova Trading Up 0.8%

NVMI opened at $435.77 on Wednesday. Nova has a 1-year low of $153.99 and a 1-year high of $507.27. The stock has a market capitalization of $13.85 billion, a PE ratio of 54.40, a PEG ratio of 3.16 and a beta of 1.83. The company has a current ratio of 6.28, a quick ratio of 5.47 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $435.53 and a two-hundred day moving average price of $354.34.

Nova (NASDAQ:NVMI) last announced its earnings results on Thursday, February 12th. The semiconductor company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.01. Nova had a net margin of 29.44% and a return on equity of 22.90%. The company had revenue of $222.62 million for the quarter, compared to analyst estimates of $220.43 million. During the same period in the prior year, the business earned $1.94 earnings per share. Nova’s quarterly revenue was up 14.3% on a year-over-year basis. Nova has set its Q1 2026 guidance at 2.130-2.250 EPS. As a group, equities analysts anticipate that Nova will post 7.52 earnings per share for the current fiscal year.

Institutional Trading of Nova

A number of institutional investors have recently bought and sold shares of NVMI. Invesco Ltd. lifted its stake in shares of Nova by 185.4% in the 3rd quarter. Invesco Ltd. now owns 607,344 shares of the semiconductor company’s stock valued at $194,144,000 after purchasing an additional 394,544 shares during the period. Phoenix Financial Ltd. grew its stake in shares of Nova by 286.3% during the fourth quarter. Phoenix Financial Ltd. now owns 508,641 shares of the semiconductor company’s stock worth $167,115,000 after purchasing an additional 376,974 shares during the period. Norges Bank acquired a new stake in shares of Nova during the fourth quarter worth $109,568,000. Groupama Asset Managment bought a new stake in Nova in the third quarter valued at about $79,915,000. Finally, Rafferty Asset Management LLC bought a new stake in Nova in the third quarter valued at about $79,398,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Company Profile

Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.