Shares of Nova Ltd. (NASDAQ:NVMI – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $226.80.
Several brokerages have recently weighed in on NVMI. Benchmark increased their target price on shares of Nova from $215.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Citigroup downgraded shares of Nova from a “buy” rating to a “neutral” rating and reduced their target price for the company from $273.00 to $224.00 in a research note on Monday.
Check Out Our Latest Stock Report on Nova
Hedge Funds Weigh In On Nova
Nova Stock Up 2.9 %
Nova stock opened at $194.71 on Friday. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 44.86, a PEG ratio of 2.49 and a beta of 1.46. The firm’s fifty day moving average is $212.25 and its 200 day moving average is $202.52. Nova has a 52-week low of $90.59 and a 52-week high of $247.21.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.43. The company had revenue of $156.86 million for the quarter, compared to the consensus estimate of $148.12 million. Nova had a net margin of 27.38% and a return on equity of 20.76%. Nova’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. On average, equities research analysts anticipate that Nova will post 5.63 earnings per share for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than Nova
- What is a Low P/E Ratio and What Does it Tell Investors?
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Nova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nova and related companies with MarketBeat.com's FREE daily email newsletter.