Phoenix Financial Ltd. Buys 88,824 Shares of Nova Ltd. $NVMI

Phoenix Financial Ltd. grew its stake in shares of Nova Ltd. (NASDAQ:NVMI) by 28.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 398,260 shares of the semiconductor company’s stock after acquiring an additional 88,824 shares during the quarter. Nova comprises about 1.5% of Phoenix Financial Ltd.’s portfolio, making the stock its 21st biggest holding. Phoenix Financial Ltd. owned approximately 1.35% of Nova worth $109,601,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of NVMI. Nuveen LLC bought a new stake in shares of Nova during the 1st quarter valued at $22,647,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Nova by 7.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,490,554 shares of the semiconductor company’s stock valued at $274,254,000 after acquiring an additional 107,215 shares during the period. Meitav Investment House Ltd. lifted its position in shares of Nova by 13.4% during the 2nd quarter. Meitav Investment House Ltd. now owns 769,584 shares of the semiconductor company’s stock valued at $214,680,000 after acquiring an additional 90,830 shares during the period. Walleye Capital LLC lifted its position in shares of Nova by 4,759.9% during the 1st quarter. Walleye Capital LLC now owns 71,246 shares of the semiconductor company’s stock valued at $13,133,000 after acquiring an additional 69,780 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Nova by 41.2% during the 1st quarter. Invesco Ltd. now owns 163,234 shares of the semiconductor company’s stock valued at $30,089,000 after acquiring an additional 47,609 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Nova Stock Performance

Nova stock opened at $337.09 on Tuesday. Nova Ltd. has a 52 week low of $153.99 and a 52 week high of $342.00. The stock has a market capitalization of $9.91 billion, a P/E ratio of 45.86, a price-to-earnings-growth ratio of 2.29 and a beta of 1.76. The stock has a fifty day moving average of $290.82 and a 200-day moving average of $249.00.

Nova (NASDAQ:NVMI) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.15. Nova had a return on equity of 24.36% and a net margin of 29.10%.The business had revenue of $219.99 million during the quarter, compared to analysts’ expectations of $214.95 million. During the same quarter in the prior year, the firm earned $1.61 EPS. The business’s revenue for the quarter was up 40.2% compared to the same quarter last year. Nova has set its Q3 2025 guidance at 2.020-2.220 EPS. On average, research analysts forecast that Nova Ltd. will post 7.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NVMI. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 target price (up from $250.00) on shares of Nova in a research report on Tuesday, June 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Nova in a report on Wednesday, October 8th. Finally, Bank of America boosted their price target on Nova from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $282.50.

Nova Company 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.