Cantor Fitzgerald Weighs in on Nova FY2025 Earnings

Nova Ltd. (NASDAQ:NVMI) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Nova in a research report issued to clients and investors on Tuesday, January 21st. Cantor Fitzgerald analyst M. Prisco expects that the semiconductor company will post earnings of $6.89 per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $275.00 price objective on the stock. The consensus estimate for Nova’s current full-year earnings is $5.78 per share.

NVMI has been the subject of several other research reports. Citigroup upgraded shares of Nova from a “neutral” rating to a “buy” rating and raised their price objective for the company from $226.00 to $240.00 in a research report on Monday, January 6th. Benchmark raised their price target on shares of Nova from $240.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Nova in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $238.33.

Nova Stock Performance

Shares of NASDAQ:NVMI opened at $252.38 on Thursday. The business has a fifty day moving average of $203.52 and a 200-day moving average of $204.79. Nova has a twelve month low of $142.53 and a twelve month high of $266.13. The firm has a market cap of $7.33 billion, a PE ratio of 47.09, a price-to-earnings-growth ratio of 2.10 and a beta of 1.42.

Hedge Funds Weigh In On Nova

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP lifted its stake in shares of Nova by 131.0% in the 3rd quarter. Quantbot Technologies LP now owns 13,540 shares of the semiconductor company’s stock valued at $2,821,000 after purchasing an additional 7,678 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in Nova by 74.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,281,869 shares of the semiconductor company’s stock valued at $267,487,000 after buying an additional 547,833 shares during the period. Two Sigma Advisers LP boosted its holdings in Nova by 121.9% during the third quarter. Two Sigma Advisers LP now owns 145,100 shares of the semiconductor company’s stock worth $30,230,000 after buying an additional 79,700 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Nova in the 3rd quarter valued at about $15,669,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Nova in the 3rd quarter valued at approximately $967,000. 82.99% of the stock is owned by institutional investors.

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.