Nova Ltd. (NASDAQ:NVMI – Get Free Report) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $236.60.
NVMI has been the topic of a number of recent research reports. Bank of America lifted their price target on shares of Nova from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Citigroup upped their price target on Nova from $223.00 to $273.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Benchmark raised their price objective on Nova from $215.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a research note on Friday, May 10th. Finally, Jefferies Financial Group assumed coverage on shares of Nova in a research report on Monday, May 13th. They set a “buy” rating and a $240.00 target price for the company.
View Our Latest Stock Analysis on Nova
Institutional Trading of Nova
Nova Stock Up 2.9 %
NASDAQ NVMI opened at $224.95 on Wednesday. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 51.83, a price-to-earnings-growth ratio of 2.75 and a beta of 1.47. Nova has a twelve month low of $90.59 and a twelve month high of $247.21. The business’s fifty day moving average is $221.16 and its 200 day moving average is $198.23.
Nova (NASDAQ:NVMI – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.43. Nova had a return on equity of 19.89% and a net margin of 26.26%. The company had revenue of $156.86 million for the quarter, compared to analysts’ expectations of $148.12 million. During the same period in the previous year, the business posted $0.97 earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, research analysts anticipate that Nova will post 4.79 earnings per share for the current fiscal year.
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.
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