Nova (NASDAQ:NVMI) Price Target Raised to $340.00 at Evercore ISI

Nova (NASDAQ:NVMI) had its price objective boosted by Evercore ISI from $290.00 to $340.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.

NVMI has been the topic of several other reports. Benchmark lifted 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 report 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.00.

Nova Price Performance

Shares of NASDAQ NVMI traded down $6.43 during midday trading on Friday, hitting $307.59. 430,070 shares of the company’s stock were exchanged, compared to its average volume of 317,482. The firm’s fifty day simple moving average is $312.28 and its 200-day simple moving average is $263.96. The company has a market cap of $9.04 billion, a PE ratio of 41.85, a P/E/G ratio of 2.44 and a beta of 1.79. Nova has a twelve month low of $153.99 and a twelve month high of $361.32.

Nova (NASDAQ:NVMI) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.04. The firm had revenue of $224.61 million during the quarter, compared to the consensus estimate of $221.61 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the prior 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. Equities analysts anticipate that Nova will post 7.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Nova

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in Nova by 13.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 37 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Nova by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock valued at $375,000 after purchasing an additional 37 shares during the period. Bank Hapoalim BM raised its stake in shares of Nova by 5.1% during the third quarter. Bank Hapoalim BM now owns 910 shares of the semiconductor company’s stock worth $291,000 after purchasing an additional 44 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Nova by 1.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,947 shares of the semiconductor company’s stock worth $1,581,000 after purchasing an additional 51 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Nova by 51.9% during the second quarter. SBI Securities Co. Ltd. now owns 164 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds 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.