Nova (NASDAQ:NVMI) Reaches New 12-Month High – Should You Buy?

Nova Ltd. (NASDAQ:NVMI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $336.96 and last traded at $330.98, with a volume of 263828 shares changing hands. The stock had previously closed at $322.03.

Analysts Set New Price Targets

A number of brokerages have issued reports on NVMI. Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a research note on Saturday, September 27th. Bank of America lifted their target price on shares of Nova from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 target price (up previously from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nova presently has an average rating of “Moderate Buy” and an average target price of $282.50.

Nova Trading Up 2.8%

The stock has a market cap of $9.73 billion, a P/E ratio of 45.03, a P/E/G ratio of 2.67 and a beta of 1.76. The firm’s fifty day moving average is $279.71 and its 200 day moving average is $239.60.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP increased its holdings in shares of Nova by 4.9% during the 2nd quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock worth $605,701,000 after purchasing an additional 102,250 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Nova by 3.9% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,549,154 shares of the semiconductor company’s stock worth $428,980,000 after purchasing an additional 58,600 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Nova by 13.1% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,437,657 shares of the semiconductor company’s stock worth $395,643,000 after purchasing an additional 166,672 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Nova by 10.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,342,169 shares of the semiconductor company’s stock worth $369,365,000 after purchasing an additional 129,684 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Nova by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 1,062,142 shares of the semiconductor company’s stock worth $197,195,000 after purchasing an additional 14,360 shares during the period. Institutional investors own 82.99% of the company’s stock.

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.