Assetmark Inc. Has $10.48 Million Stock Position in Nova Ltd. $NVMI

Assetmark Inc. grew its position in Nova Ltd. (NASDAQ:NVMI) by 3.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 38,069 shares of the semiconductor company’s stock after buying an additional 1,323 shares during the period. Assetmark Inc.’s holdings in Nova were worth $10,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Nova by 7.8% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,490,554 shares of the semiconductor company’s stock valued at $274,254,000 after buying an additional 107,215 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Nova by 13.1% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,437,657 shares of the semiconductor company’s stock valued at $395,643,000 after buying an additional 166,672 shares during the period. Vanguard Group Inc. increased its stake in shares of Nova by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 1,062,142 shares of the semiconductor company’s stock valued at $197,195,000 after buying an additional 14,360 shares during the period. Meitav Investment House Ltd. increased its stake in shares of Nova by 13.4% in the 2nd quarter. Meitav Investment House Ltd. now owns 769,584 shares of the semiconductor company’s stock valued at $214,680,000 after buying an additional 90,830 shares during the period. Finally, Phoenix Financial Ltd. raised its position in shares of Nova by 28.7% during the 2nd quarter. Phoenix Financial Ltd. now owns 398,260 shares of the semiconductor company’s stock valued at $109,601,000 after acquiring an additional 88,824 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Nova Stock Performance

Shares of Nova stock opened at $344.64 on Friday. The firm has a fifty day moving average of $305.85 and a two-hundred day moving average of $259.23. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 46.89, a PEG ratio of 2.44 and a beta of 1.76. Nova Ltd. has a 52 week low of $153.99 and a 52 week high of $361.32.

Nova (NASDAQ:NVMI) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.05 by $0.15. Nova had a net margin of 29.10% and a return on equity of 24.36%. The company had revenue of $219.99 million during the quarter, compared to analysts’ expectations of $214.95 million. During the same quarter in the previous year, the company posted $1.61 EPS. The business’s revenue for the quarter was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, research analysts forecast that Nova Ltd. will post 7.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Nova in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Nova presently has a consensus rating of “Moderate Buy” and an average target price 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.