Acadian Asset Management LLC Cuts Stock Position in Nova Ltd. $NVMI

Acadian Asset Management LLC cut its holdings in shares of Nova Ltd. (NASDAQ:NVMI) by 76.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,333 shares of the semiconductor company’s stock after selling 491,527 shares during the period. Acadian Asset Management LLC’s holdings in Nova were worth $27,699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NVMI. ASR Vermogensbeheer N.V. purchased a new stake in Nova during the first quarter worth about $26,000. Advisors Asset Management Inc. increased its stake in Nova by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 128 shares during the period. Flaharty Asset Management LLC purchased a new stake in Nova during the first quarter worth about $92,000. Plato Investment Management Ltd purchased a new stake in Nova during the first quarter worth about $208,000. Finally, PNC Financial Services Group Inc. increased its stake in Nova by 7.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,269 shares of the semiconductor company’s stock worth $234,000 after purchasing an additional 87 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NVMI shares. Bank of America boosted their price target on shares of Nova from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 target price (up from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Nova from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $282.50.

Nova Stock Performance

NVMI stock opened at $278.15 on Thursday. The company’s 50 day moving average price is $267.89 and its 200 day moving average price is $228.35. Nova Ltd. has a fifty-two week low of $153.99 and a fifty-two week high of $291.99. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 2.30 and a beta of 1.72.

Nova (NASDAQ:NVMI) last released its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. Nova had a net margin of 29.10% and a return on equity of 24.36%. The firm had revenue of $219.99 million for the quarter, compared to analyst estimates of $214.95 million. During the same period in the prior year, the firm earned $1.61 earnings per share. The business’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. Equities analysts forecast that Nova Ltd. will post 7.52 EPS for the current fiscal year.

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.