Brokerages Set Nova Ltd. (NASDAQ:NVMI) Price Target at $282.50

Shares of Nova Ltd. (NASDAQ:NVMI) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $282.50.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a research report on Wednesday, October 8th.

Nova Stock Up 0.9%

Shares of NASDAQ:NVMI opened at $347.75 on Tuesday. The company has a market cap of $10.22 billion, a P/E ratio of 47.31, a P/E/G ratio of 2.44 and a beta of 1.76. Nova has a 52 week low of $153.99 and a 52 week high of $361.32. The business has a fifty day simple moving average of $307.71 and a 200-day simple moving average of $261.04.

Nova (NASDAQ:NVMI) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) 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 the consensus estimate of $214.95 million. During the same quarter in the previous year, the business earned $1.61 earnings per share. The firm’s quarterly revenue was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. Sell-side analysts expect that Nova will post 7.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nova

A number of institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Nova by 17.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,531 shares of the semiconductor company’s stock worth $282,000 after purchasing an additional 232 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Nova during the first quarter worth about $239,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Nova by 3.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,212,485 shares of the semiconductor company’s stock worth $223,497,000 after purchasing an additional 42,860 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Nova by 122.2% during the first quarter. Bank of New York Mellon Corp now owns 39,901 shares of the semiconductor company’s stock worth $7,355,000 after purchasing an additional 21,941 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Nova by 7.4% during the first quarter. Envestnet Asset Management Inc. now owns 7,825 shares of the semiconductor company’s stock worth $1,442,000 after purchasing an additional 541 shares in the last quarter. Hedge funds and other 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.