Nova (NASDAQ:NVMI – Get Free Report) announced its quarterly earnings data on Thursday. The semiconductor company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.04), Zacks reports. The firm 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 Down 0.4 %
NVMI traded down $1.03 during trading on Friday, reaching $267.97. The stock had a trading volume of 208,001 shares, compared to its average volume of 206,255. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 49.99, a price-to-earnings-growth ratio of 2.07 and a beta of 1.44. Nova has a 1-year low of $154.54 and a 1-year high of $289.90. The stock has a 50 day moving average of $221.56 and a two-hundred day moving average of $207.11.
Analyst Ratings Changes
NVMI has been the subject of several research analyst reports. Cantor Fitzgerald initiated coverage on Nova in a report on Monday, January 13th. They issued an “overweight” rating and a $275.00 price objective for the company. Benchmark upped their target price on Nova from $245.00 to $295.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Nova in a report on Friday. Finally, Citigroup raised 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 given a buy rating to the company’s stock. According to data from MarketBeat, Nova presently has a consensus rating of “Moderate Buy” and an average 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.
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