Cantor Fitzgerald Weighs in on Nova FY2025 Earnings

Nova Ltd. (NASDAQ:NVMI) – Equities researchers at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Nova in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst M. Prisco anticipates that the semiconductor company will earn $6.89 per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $275.00 target price on the stock. The consensus estimate for Nova’s current full-year earnings is $5.78 per share.

NVMI has been the subject of several other research reports. Benchmark raised their price objective on Nova from $240.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Nova in a report on Friday, November 8th. Finally, Citigroup upgraded Nova from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $226.00 to $240.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $238.33.

Nova Price Performance

NVMI opened at $256.88 on Thursday. The business’s 50-day moving average price is $199.46 and its two-hundred day moving average price is $204.00. Nova has a 1 year low of $141.61 and a 1 year high of $266.13. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 47.93, a P/E/G ratio of 2.15 and a beta of 1.42.

Hedge Funds Weigh In On Nova

Large investors have recently added to or reduced their stakes in the business. Quarry LP lifted its position in Nova by 438.5% in the 3rd quarter. Quarry LP now owns 140 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 114 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Nova by 89.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 165 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 78 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in Nova in the 2nd quarter valued at about $68,000. Signaturefd LLC increased its stake in Nova by 31.4% in the 3rd quarter. Signaturefd LLC now owns 1,008 shares of the semiconductor company’s stock valued at $210,000 after buying an additional 241 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Nova in the 2nd quarter valued at about $211,000. 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.