Shares of Nova Ltd. (NASDAQ:NVMI – Get Free Report) were up 7.5% during trading on Thursday following a better than expected earnings announcement. The company traded as high as $546.98 and last traded at $541.3340. Approximately 89,954 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 381,058 shares. The stock had previously closed at $503.65.
The semiconductor company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The firm had revenue of $235.31 million during the quarter, compared to analyst estimates of $227.02 million. Nova had a net margin of 29.44% and a return on equity of 22.90%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.18 EPS. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS.
Wall Street Analyst Weigh In
Several brokerages have weighed in on NVMI. Barclays began coverage on Nova in a research report on Wednesday, March 11th. They issued an “overweight” rating and a $465.00 price objective for the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $520.00 target price on shares of Nova in a research note on Thursday, February 12th. Evercore reissued an “outperform” rating and set a $485.00 price target on shares of Nova in a research report on Friday, February 13th. Zacks Research cut shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nova in a research note on Friday, April 10th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $442.25.
Institutional Investors Weigh In On Nova
Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC purchased a new stake in Nova in the fourth quarter worth $29,000. Measured Wealth Private Client Group LLC purchased a new position in Nova during the third quarter valued at $40,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Nova by 75.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Nova by 2,042.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 143 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Nova by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after buying an additional 128 shares during the period. 82.99% of the stock is currently owned by institutional investors.
Nova Stock Up 8.3%
The company has a debt-to-equity ratio of 0.56, a quick ratio of 5.47 and a current ratio of 6.28. The stock’s 50-day moving average price is $477.37 and its two-hundred day moving average price is $410.61. The stock has a market capitalization of $17.34 billion, a PE ratio of 67.85, a P/E/G ratio of 3.61 and a beta of 1.78.
Nova Company Profile
Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.
Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.
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