Equities Analysts Offer Predictions for Nova FY2025 Earnings

Nova Ltd. (NASDAQ:NVMI) – Analysts at Cantor Fitzgerald issued their FY2025 earnings 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 per share of $6.89 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.

A number of other research analysts have also recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a report on Friday, November 8th. Citigroup raised Nova from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $226.00 to $240.00 in a research note on Monday, January 6th. Finally, Benchmark increased their target price on Nova from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Nova presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.33.

Nova Price Performance

NVMI opened at $251.81 on Thursday. The company has a 50 day simple moving average of $200.81 and a two-hundred day simple moving average of $204.37. The firm has a market cap of $7.32 billion, a P/E ratio of 46.98, a PEG ratio of 2.15 and a beta of 1.42. Nova has a 1-year low of $142.53 and a 1-year high of $266.13.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd boosted its stake in Nova by 74.6% during 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 last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Nova by 6.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,273,985 shares of the semiconductor company’s stock worth $265,422,000 after acquiring an additional 78,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Nova by 1.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company’s stock valued at $230,358,000 after acquiring an additional 11,915 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Nova by 115.1% in the third quarter. Franklin Resources Inc. now owns 661,282 shares of the semiconductor company’s stock valued at $146,515,000 after purchasing an additional 353,906 shares in the last quarter. Finally, Meitav Investment House Ltd. increased its position in Nova by 16.3% in the third quarter. Meitav Investment House Ltd. now owns 647,722 shares of the semiconductor company’s stock worth $135,513,000 after purchasing an additional 90,883 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

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.