TD Asset Management Inc Has $1.58 Million Holdings in Nova Ltd. $NVMI

TD Asset Management Inc cut its holdings in Nova Ltd. (NASDAQ:NVMI) by 51.4% during the second quarter, Holdings Channel.com reports. The firm owned 5,586 shares of the semiconductor company’s stock after selling 5,907 shares during the quarter. TD Asset Management Inc’s holdings in Nova were worth $1,581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVMI. Nuveen LLC acquired a new position in Nova during the first quarter worth $22,647,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Nova by 7.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,490,554 shares of the semiconductor company’s stock worth $274,254,000 after buying an additional 107,215 shares during the last quarter. Meitav Investment House Ltd. increased its holdings in Nova by 13.4% during the second quarter. Meitav Investment House Ltd. now owns 769,584 shares of the semiconductor company’s stock worth $214,680,000 after buying an additional 90,830 shares during the last quarter. Walleye Capital LLC increased its holdings in Nova by 4,759.9% during the first quarter. Walleye Capital LLC now owns 71,246 shares of the semiconductor company’s stock worth $13,133,000 after buying an additional 69,780 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Nova by 41.2% during the first quarter. Invesco Ltd. now owns 163,234 shares of the semiconductor company’s stock worth $30,089,000 after buying an additional 47,609 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Nova Price Performance

NASDAQ:NVMI opened at $327.70 on Thursday. Nova Ltd. has a one year low of $153.99 and a one year high of $342.00. The company has a market cap of $9.63 billion, a P/E ratio of 44.59, a P/E/G ratio of 2.31 and a beta of 1.76. The firm’s fifty day moving average price is $293.12 and its two-hundred day moving average price is $250.13.

Nova (NASDAQ:NVMI) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $2.20 EPS for the quarter, beating 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 business had revenue of $219.99 million for the quarter, compared to the consensus estimate of $214.95 million. During the same period in the prior year, the company posted $1.61 earnings per share. Nova’s revenue was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. As a group, equities research analysts expect that Nova Ltd. will post 7.52 earnings per share for the current year.

Wall Street Analyst Weigh In

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