Nova (NASDAQ:NVMI) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Nova (NASDAQ:NVMIFree Report) in a research report report published on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $240.00 price objective on the semiconductor company’s stock.

A number of other research firms have also issued reports on NVMI. Bank of America boosted their target price on Nova from $190.00 to $220.00 and gave the company a buy rating in a report on Friday. Benchmark increased their price target on shares of Nova from $187.00 to $215.00 and gave the stock a buy rating in a report on Friday. Evercore ISI started coverage on Nova in a research report on Tuesday, April 16th. They set an outperform rating and a $210.00 target price on the stock. Finally, Needham & Company LLC restated a hold rating on shares of Nova in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Nova has a consensus rating of Moderate Buy and a consensus price target of $221.25.

Get Our Latest Report on Nova

Nova Stock Performance

Shares of NVMI opened at $193.50 on Monday. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 44.59, a PEG ratio of 2.69 and a beta of 1.40. Nova has a one year low of $90.59 and a one year high of $198.71. The stock has a 50 day moving average price of $176.13 and a 200 day moving average price of $149.80.

Nova (NASDAQ:NVMIGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.29. The business had revenue of $141.80 million during the quarter, compared to the consensus estimate of $136.78 million. Nova had a return on equity of 20.51% and a net margin of 26.26%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. On average, analysts predict that Nova will post 5.01 earnings per share for the current year.

Institutional Investors Weigh In On Nova

Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Nova by 13.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,744 shares of the semiconductor company’s stock valued at $1,078,000 after buying an additional 1,187 shares in the last quarter. TD Asset Management Inc acquired a new stake in Nova during the 3rd quarter valued at $218,000. James Investment Research Inc. increased its position in Nova by 4.2% during the third quarter. James Investment Research Inc. now owns 60,558 shares of the semiconductor company’s stock worth $6,809,000 after buying an additional 2,446 shares in the last quarter. Signaturefd LLC lifted its position in shares of Nova by 20.6% in the third quarter. Signaturefd LLC now owns 672 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 115 shares in the last quarter. Finally, abrdn plc boosted its stake in shares of Nova by 1.3% during the third quarter. abrdn plc now owns 253,312 shares of the semiconductor company’s stock valued at $28,482,000 after acquiring an additional 3,345 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Nova Company Profile

(Get Free Report)

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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Analyst Recommendations for Nova (NASDAQ:NVMI)

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