Nova (NASDAQ:NVMI) Issues Quarterly Earnings Results

Nova (NASDAQ:NVMI) issued its quarterly earnings results on Thursday. The semiconductor company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.04), Zacks reports. Nova had a return on equity of 21.35% and a net margin of 28.00%. Nova updated its Q1 2025 guidance to 2.000-2.160 EPS.

Nova Stock Performance

NVMI traded up $15.43 on Thursday, reaching $260.86. The company had a trading volume of 318,557 shares, compared to its average volume of 227,027. Nova has a fifty-two week low of $154.54 and a fifty-two week high of $289.90. The stock has a market cap of $7.58 billion, a P/E ratio of 48.98, a P/E/G ratio of 2.07 and a beta of 1.44. The company’s fifty day moving average is $219.90 and its 200 day moving average is $206.68.

Analyst Upgrades and Downgrades

NVMI has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a report on Friday, November 8th. Cantor Fitzgerald initiated coverage on shares of Nova in a report on Monday, January 13th. They issued an “overweight” rating and a $275.00 target price on the stock. Benchmark upped their target price on shares of Nova from $240.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Citigroup raised shares of Nova from a “neutral” rating to a “buy” rating and upped their target price for the company from $226.00 to $240.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Nova has an average rating of “Moderate Buy” and a consensus target price of $238.33.

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.