Nova Ltd. (NASDAQ:NVMI) Short Interest Update

Nova Ltd. (NASDAQ:NVMI) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,890,000 shares, an increase of 26.0% from the August 15th total of 1,500,000 shares. Based on an average daily trading volume, of 327,300 shares, the days-to-cover ratio is presently 5.8 days. Approximately 6.5% of the company’s stock are short sold. Approximately 6.5% of the company’s stock are short sold. Based on an average daily trading volume, of 327,300 shares, the days-to-cover ratio is presently 5.8 days.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price target (up from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Bank of America increased their price target on Nova from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen cut Nova from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Nova presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.50.

Hedge Funds Weigh In On Nova

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVMI. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Nova by 13.1% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,437,657 shares of the semiconductor company’s stock worth $395,643,000 after buying an additional 166,672 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Nova by 69.2% in the 2nd quarter. Lazard Asset Management LLC now owns 359,221 shares of the semiconductor company’s stock valued at $98,857,000 after purchasing an additional 146,932 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Nova by 10.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,342,169 shares of the semiconductor company’s stock valued at $369,365,000 after purchasing an additional 129,684 shares during the last quarter. Nuveen LLC acquired a new position in shares of Nova in the 1st quarter valued at $22,647,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Nova by 7.8% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,490,554 shares of the semiconductor company’s stock valued at $274,254,000 after purchasing an additional 107,215 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Nova Price Performance

Shares of NASDAQ:NVMI opened at $309.59 on Friday. The business’s 50 day moving average price is $270.13 and its 200-day moving average price is $231.16. The firm has a market capitalization of $9.10 billion, a PE ratio of 42.12, a P/E/G ratio of 2.58 and a beta of 1.72. Nova has a 1 year low of $153.99 and a 1 year high of $318.77.

Nova (NASDAQ:NVMI) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $219.99 million for the quarter, compared to analyst estimates of $214.95 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.The business’s revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 earnings per share. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, analysts expect that Nova will post 7.52 earnings per share for the current year.

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.