Nova (NASDAQ:NVMI – Free Report) had its target price cut by Jefferies Financial Group from $600.00 to $460.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.
Several other analysts have also issued reports on the company. Needham & Company LLC dropped their price objective on Nova from $570.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a report on Friday, October 2nd. Cantor Fitzgerald cut their price target on Nova from $600.00 to $500.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Wall Street Zen lowered shares of Nova from a “hold” rating to a “sell” rating in a report on Sunday, October 25th. Finally, Citigroup lowered shares of Nova from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $550.00 to $415.00 in a research note on Thursday, October 8th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $470.00.
Get Our Latest Stock Analysis on Nova
Nova Price Performance
Shares of NASDAQ NVMI traded up $32.88 during mid-day trading on Friday, hitting $313.18. The company’s stock had a trading volume of 463,560 shares, compared to its average volume of 281,614. The company’s fifty day simple moving average is $346.38 and its 200-day simple moving average is $437.27. Nova has a one year low of $266.43 and a one year high of $615.99. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.85.
Nova (NASDAQ:NVMI – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.09. The business had revenue of $287.84 million during the quarter, compared to analysts’ expectations of $282.23 million. Nova had a return on equity of 21.41% and a net margin of 28.84%. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.16 earnings per share. Nova has set its Q4 2026 guidance at 3.030-3.180 EPS. On average, sell-side analysts predict that Nova will post 9.89 EPS for the current year.
Nova announced that its Board of Directors has authorized a stock buyback plan on Wednesday, September 2nd that authorizes the company to buy back $200 million in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 1.9% of its shares through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
Insider Transactions at Nova
In other news, insider Shay Wolfing sold 3,864 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $363.28, for a total value of $1,403,713.92. Following the completion of the transaction, the insider directly owned 21,409 shares in the company, valued at approximately $7,777,461.52. This trade represents a 15.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gabriel Waisman sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $342.27, for a total transaction of $513,405.00. Following the transaction, the chief executive officer directly owned 27,214 shares of the company’s stock, valued at approximately $9,314,535.78. This represents a 5.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.00% of the company’s stock.
Hedge Funds Weigh In On Nova
Institutional investors and hedge funds have recently made changes to their positions in the business. Aberdeen Group plc raised its holdings in Nova by 1,148.9% in the third quarter. Aberdeen Group plc now owns 40,090 shares of the semiconductor company’s stock valued at $15,443,000 after buying an additional 36,880 shares during the period. Russell Investments Group Ltd. raised its stake in Nova by 5,866.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,489 shares of the semiconductor company’s stock valued at $2,115,000 after purchasing an additional 5,397 shares during the period. Ethic Inc. lifted its holdings in shares of Nova by 4.5% in the third quarter. Ethic Inc. now owns 1,713 shares of the semiconductor company’s stock valued at $660,000 after purchasing an additional 73 shares in the last quarter. StoneX Group Inc. purchased a new stake in shares of Nova in the third quarter valued at $259,000. Finally, Tower View Wealth Management LLC lifted its holdings in shares of Nova by 5.0% in the third quarter. Tower View Wealth Management LLC now owns 11,885 shares of the semiconductor company’s stock valued at $4,578,000 after purchasing an additional 569 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.
Trending Headlines about Nova
Here are the key news stories impacting Nova this week:
- Positive Sentiment: Q3 revenue reached a record $287.8 million, up 28.2% year over year, while adjusted EPS of $2.86 topped the roughly $2.77 consensus. Nova reports record third-quarter results
- Positive Sentiment: Nova forecast Q4 revenue of $305 million–$315 million and EPS of $3.03–$3.18, with the EPS range just above analyst expectations. Management also pointed to strong memory and packaging demand and visibility into 2027 growth. Nova Q4 outlook
- Neutral Sentiment: Despite the earnings beat, one post-results report said the stock dropped, suggesting strong expectations may have limited the market’s initial response. Nova Q3 results and stock reaction
- Negative Sentiment: Barclays reduced its price target to $500 from $600, and Needham cut its target to $420 from $570. Both firms kept positive ratings—Overweight and Buy, respectively—but the lower targets could weigh on sentiment. Barclays rating
About Nova
Nova Ltd. (NASDAQ: NVMI) develops and supplies metrology and process-control solutions for the semiconductor manufacturing industry. Its systems help chipmakers measure and control critical dimensions, film thickness, material properties and other characteristics during the production of integrated circuits.
The company’s product portfolio includes optical and X-ray metrology systems, chemical metrology solutions, and related software and analytics tools. These technologies are used in multiple stages of semiconductor fabrication, including front-end wafer processing and advanced packaging, to support process development, yield improvement and manufacturing control.
Founded in 1993, Nova is headquartered in Rehovot, Israel, and serves semiconductor manufacturers and other industry customers through operations and support activities across North America, Europe and Asia.
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