Nova Ltd. (NASDAQ:NVMI – Get Free Report)’s stock price gapped down prior to trading on Monday after Cantor Fitzgerald lowered their price target on the stock from $315.00 to $300.00. The stock had previously closed at $219.13, but opened at $212.84. Cantor Fitzgerald currently has an overweight rating on the stock. Nova shares last traded at $211.29, with a volume of 32,684 shares traded.
Several other equities analysts have also commented on the company. Citigroup raised 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 boosted their price objective on shares of Nova from $245.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.83.
Read Our Latest Stock Report on Nova
Institutional Trading of Nova
Nova Stock Down 5.9 %
The stock has a market capitalization of $6.04 billion, a P/E ratio of 35.94, a P/E/G ratio of 2.55 and a beta of 1.46. The business has a fifty day moving average price of $240.11 and a 200-day moving average price of $211.11.
Nova (NASDAQ:NVMI – Get Free Report) last posted its earnings results on Thursday, February 13th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.04). Nova had a net margin of 27.33% and a return on equity of 22.33%. The company had revenue of $194.77 million for the quarter, compared to the consensus estimate of $186.50 million. On average, equities analysts expect that Nova Ltd. will post 7.52 earnings per share for the current fiscal year.
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.
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