Cantor Fitzgerald Estimates Nova FY2025 Earnings

Nova Ltd. (NASDAQ:NVMI) – Stock analysts at Cantor Fitzgerald issued their FY2025 EPS 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 firms have also recently issued reports on NVMI. Benchmark boosted their price objective on shares of Nova from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Citigroup upgraded shares of Nova from a “neutral” rating to a “buy” rating and boosted their price target for the company from $226.00 to $240.00 in a research report on Monday, January 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Nova in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $238.33.

Nova Stock Down 0.6 %

Shares of NASDAQ:NVMI opened at $256.88 on Thursday. The company’s fifty day moving average is $199.46 and its 200 day moving average is $204.00. Nova has a 52 week low of $141.61 and a 52 week high of $266.13. The stock has a market cap of $7.46 billion, a PE ratio of 47.93, a PEG ratio of 2.15 and a beta of 1.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Nova by 21.6% during the fourth quarter. Blue Trust Inc. now owns 1,462 shares of the semiconductor company’s stock valued at $305,000 after purchasing an additional 260 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Nova by 1.0% during the fourth 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 purchasing an additional 11,915 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Nova by 352.8% during the fourth quarter. SG Americas Securities LLC now owns 3,618 shares of the semiconductor company’s stock valued at $713,000 after purchasing an additional 2,819 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Nova by 253.9% during the third quarter. JPMorgan Chase & Co. now owns 35,327 shares of the semiconductor company’s stock valued at $7,360,000 after purchasing an additional 25,345 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Nova by 115.1% during 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 during the last quarter. 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.