Nova (NASDAQ:NVMI) Stock Price Expected to Rise, Evercore ISI Analyst Says

Nova (NASDAQ:NVMI) had its price objective increased by research analysts at Evercore ISI from $290.00 to $340.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Evercore ISI’s target price would suggest a potential upside of 10.54% from the stock’s previous close.

NVMI has been the subject of a number of other research reports. Benchmark increased their price target on shares of Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Nova in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $307.00.

Nova Stock Down 2.0%

Shares of NASDAQ NVMI opened at $307.59 on Friday. The business has a 50-day moving average price of $312.28 and a 200 day moving average price of $264.59. The stock has a market cap of $9.04 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 2.44 and a beta of 1.79. Nova has a 52-week low of $153.99 and a 52-week high of $361.32.

Nova (NASDAQ:NVMI) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.12 by $0.04. The company had revenue of $224.61 million for the quarter, compared to analyst estimates of $221.61 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.The firm’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 earnings per share. Nova has set its Q4 2025 guidance at 2.020-2.200 EPS. Q4 2025 guidance at 2.020-2.200 EPS. Sell-side analysts anticipate that Nova will post 7.52 earnings per share for the current year.

Institutional Trading of Nova

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in 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. Envestnet Asset Management Inc. increased its position in Nova by 7.4% during the 1st 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 during the period. Stephens Inc. AR raised its stake in shares of Nova by 8.9% during the 1st quarter. Stephens Inc. AR now owns 15,554 shares of the semiconductor company’s stock worth $2,867,000 after buying an additional 1,270 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of Nova by 83.7% in the 1st quarter. TimesSquare Capital Management LLC now owns 47,270 shares of the semiconductor company’s stock valued at $8,713,000 after buying an additional 21,540 shares during the period. Finally, Morse Asset Management Inc lifted its holdings in shares of Nova by 8.6% in the 1st quarter. Morse Asset Management Inc now owns 3,835 shares of the semiconductor company’s stock valued at $707,000 after buying an additional 305 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Company Profile

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.