Nova (NASDAQ:NVMI) Releases Quarterly Earnings Results

Nova (NASDAQ:NVMI) posted its quarterly earnings results on Thursday. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.04), Zacks reports. The company had revenue of $194.77 million during the quarter, compared to the consensus estimate of $186.50 million. Nova had a net margin of 28.00% and a return on equity of 21.35%. Nova updated its Q1 2025 guidance to 2.000-2.160 EPS.

Nova Stock Performance

Shares of NASDAQ NVMI traded down $1.03 during mid-day trading on Friday, reaching $267.97. The company had a trading volume of 208,001 shares, compared to its average volume of 206,255. Nova has a twelve month low of $154.54 and a twelve month high of $289.90. The stock has a market capitalization of $7.78 billion, a PE ratio of 49.99, a price-to-earnings-growth ratio of 2.07 and a beta of 1.44. The stock’s 50 day moving average is $221.56 and its 200-day moving average is $207.11.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NVMI shares. Cantor Fitzgerald started coverage on Nova in a report on Monday, January 13th. They issued an “overweight” rating and a $275.00 price target on the stock. Needham & Company LLC reissued a “hold” rating on shares of Nova in a research note on Friday. Citigroup raised shares of Nova from a “neutral” rating to a “buy” rating and boosted their target price for the company from $226.00 to $240.00 in a research note on Monday, January 6th. Finally, Benchmark boosted their target price on shares of Nova from $245.00 to $295.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.67.

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.