Oppenheimer Asset Management Inc. Boosts Stock Position in Nova Ltd. $NVMI

Oppenheimer Asset Management Inc. increased its holdings in Nova Ltd. (NASDAQ:NVMI) by 16.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 16,094 shares of the semiconductor company’s stock after purchasing an additional 2,296 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Nova were worth $4,429,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. purchased a new position in Nova in the first quarter worth approximately $26,000. Parallel Advisors LLC grew its position in Nova by 182.7% in the second quarter. Parallel Advisors LLC now owns 212 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 137 shares during the period. Farther Finance Advisors LLC grew its position in Nova by 13.8% in the second quarter. Farther Finance Advisors LLC now owns 306 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 37 shares during the period. Advisors Asset Management Inc. grew its position in Nova by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 128 shares during the period. Finally, Flaharty Asset Management LLC purchased a new position in shares of Nova during the first quarter worth $92,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Nova in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Nova has an average rating of “Moderate Buy” and a consensus target price of $282.50.

Nova Trading Down 2.9%

Shares of NASDAQ NVMI opened at $340.95 on Wednesday. The stock has a market cap of $10.02 billion, a P/E ratio of 46.39, a PEG ratio of 2.43 and a beta of 1.76. Nova Ltd. has a 12-month low of $153.99 and a 12-month high of $355.24. The business’s fifty day simple moving average is $299.97 and its 200-day simple moving average is $255.81.

Nova (NASDAQ:NVMI) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.15. The business had revenue of $219.99 million for the quarter, compared to analysts’ expectations of $214.95 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.The company’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same period last year, the firm earned $1.61 earnings per share. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, equities analysts forecast that Nova Ltd. will post 7.52 EPS for the current fiscal 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.