Cantor Fitzgerald Has Positive View of Nova FY2025 Earnings

Nova Ltd. (NASDAQ:NVMI) – Equities researchers at Cantor Fitzgerald increased their FY2025 earnings estimates for Nova in a research report issued to clients and investors on Monday, May 12th. Cantor Fitzgerald analyst M. Prisco now forecasts that the semiconductor company will post earnings of $7.85 per share for the year, up from their prior forecast of $7.75. Cantor Fitzgerald currently has a “Overweight” rating and a $300.00 target price on the stock. The consensus estimate for Nova’s current full-year earnings is $7.52 per share.

Nova (NASDAQ:NVMI) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.10. Nova had a net margin of 27.33% and a return on equity of 22.33%. The firm had revenue of $213.36 million during the quarter, compared to analyst estimates of $210.10 million. During the same period in the previous year, the business posted $1.39 earnings per share. The business’s revenue for the quarter was up 50.5% on a year-over-year basis.

A number of other analysts have also commented on NVMI. Needham & Company LLC reiterated a “hold” rating on shares of Nova in a research note on Friday, February 14th. Bank of America cut their target price on shares of Nova from $310.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Benchmark cut their target price on shares of Nova from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Finally, Citigroup cut their target price on shares of Nova from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.00.

Nova Stock Up 3.5%

Shares of NVMI stock opened at $202.49 on Tuesday. The company has a 50 day moving average price of $191.91 and a 200-day moving average price of $207.18. Nova has a 52 week low of $154.00 and a 52 week high of $289.90. The firm has a market capitalization of $5.93 billion, a PE ratio of 35.28, a P/E/G ratio of 2.55 and a beta of 1.66.

Institutional Trading of Nova

Several large investors have recently added to or reduced their stakes in NVMI. JPMorgan Chase & Co. grew its position in Nova by 253.9% during the third quarter. JPMorgan Chase & Co. now owns 35,327 shares of the semiconductor company’s stock valued at $7,360,000 after buying an additional 25,345 shares during the period. SG Americas Securities LLC boosted its position in shares of Nova by 352.8% in the fourth quarter. SG Americas Securities LLC now owns 3,618 shares of the semiconductor company’s stock worth $713,000 after purchasing an additional 2,819 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Nova by 1.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company’s stock worth $230,358,000 after purchasing an additional 11,915 shares during the period. Blue Trust Inc. boosted its position in shares of Nova by 21.6% in the fourth quarter. Blue Trust Inc. now owns 1,462 shares of the semiconductor company’s stock worth $305,000 after purchasing an additional 260 shares during the period. Finally, Swedbank AB bought a new position in shares of Nova in the fourth quarter worth approximately $2,954,000. 82.99% of the stock is currently owned by institutional investors.

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.