Perfromance Wealth Partners LLC Cuts Stock Holdings in Nova Ltd. $NVMI

Perfromance Wealth Partners LLC trimmed its position in shares of Nova Ltd. (NASDAQ:NVMI) by 68.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,475 shares of the semiconductor company’s stock after selling 3,150 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Nova were worth $406,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. purchased a new position in shares of Nova during the 1st quarter valued at approximately $26,000. Parallel Advisors LLC grew its stake in Nova by 182.7% in the 2nd quarter. Parallel Advisors LLC now owns 212 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 137 shares during the period. Farther Finance Advisors LLC grew its stake in Nova by 13.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 37 shares during the period. Advisors Asset Management Inc. grew its stake in Nova by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 128 shares during the period. Finally, Flaharty Asset Management LLC acquired a new stake in Nova in the 1st quarter valued at $92,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Nova Stock Up 5.6%

Shares of NVMI opened at $319.06 on Tuesday. Nova Ltd. has a 52-week low of $153.99 and a 52-week high of $336.95. The firm’s fifty day moving average is $284.44 and its two-hundred day moving average is $243.76. The stock has a market cap of $9.38 billion, a PE ratio of 43.41, a price-to-earnings-growth ratio of 2.49 and a beta of 1.76.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NVMI shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 price target (up previously from $250.00) on shares of Nova in a research note on Tuesday, June 24th. Bank of America lifted their price target on shares of Nova from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $282.50.

Nova 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.