Nova (NASDAQ:NVMI) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Nova (NASDAQ:NVMI) posted its quarterly earnings data on Thursday. The semiconductor company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.04), Zacks reports. Nova had a return on equity of 21.35% and a net margin of 28.00%. Nova updated its Q1 2025 guidance to 2.000-2.160 EPS.

Nova Stock Down 0.4 %

Nova stock opened at $267.97 on Friday. The business has a 50 day moving average price of $221.56 and a two-hundred day moving average price of $207.11. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 49.99, a price-to-earnings-growth ratio of 2.07 and a beta of 1.44. Nova has a 12 month low of $154.54 and a 12 month high of $289.90.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NVMI shares. Needham & Company LLC reissued a “hold” rating on shares of Nova in a research report on Friday. Benchmark boosted their price objective on Nova from $245.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday. Citigroup raised Nova from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $226.00 to $240.00 in a research report on Monday, January 6th. Finally, Cantor Fitzgerald initiated coverage on Nova in a report on Monday, January 13th. They issued an “overweight” rating and a $275.00 price target for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $246.67.

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.