Short Interest in Nova Ltd. (NASDAQ:NVMI) Declines By 30.0%

Nova Ltd. (NASDAQ:NVMI) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,420,000 shares, a decline of 30.0% from the September 30th total of 2,030,000 shares. Currently, 4.9% of the company’s shares are sold short. Based on an average daily trading volume, of 398,200 shares, the days-to-cover ratio is presently 3.6 days. Based on an average daily trading volume, of 398,200 shares, the days-to-cover ratio is presently 3.6 days. Currently, 4.9% of the company’s shares are sold short.

Nova Trading Up 0.9%

Shares of NVMI traded up $3.11 during trading hours on Monday, reaching $347.75. 329,685 shares of the company traded hands, compared to its average volume of 314,470. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 47.31, a PEG ratio of 2.44 and a beta of 1.76. Nova has a 12-month low of $153.99 and a 12-month high of $361.32. The stock’s fifty day moving average price is $307.71 and its 200 day moving average price is $261.04.

Nova (NASDAQ:NVMI) last issued its 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. The firm had revenue of $219.99 million during the quarter, compared to analyst estimates of $214.95 million. Nova had a net margin of 29.10% and a return on equity of 24.36%. The business’s revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 earnings per share. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, research analysts forecast that Nova will post 7.52 earnings per share for the current year.

Institutional Trading of Nova

A number of large investors have recently made changes to their positions in NVMI. Wealth Enhancement Advisory Services LLC boosted 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 valued at $282,000 after purchasing an additional 232 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Nova during the first quarter valued at $239,000. Bank of New York Mellon Corp boosted 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 valued at $7,355,000 after purchasing an additional 21,941 shares during the period. Envestnet Asset Management Inc. boosted 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 valued at $1,442,000 after purchasing an additional 541 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of Nova by 8.9% during the first quarter. Stephens Inc. AR now owns 15,554 shares of the semiconductor company’s stock valued at $2,867,000 after purchasing an additional 1,270 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nova in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $282.50.

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.