Nova (NVMI) Stock Price, News & Analysis

Company Overview

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. The company serves various sectors of the integrated circuit manufacturing industry, including logic, foundries, and memory manufacturers, as well as process equipment manufacturers. Nova Ltd. was formerly known as Nova Measuring Instruments Ltd. and changed its name to Nova Ltd. in July 2021. Nova Ltd. was incorporated in 1993 and is headquartered in Rehovot, Israel.

Key Stats

• Today's Range: $176.62 to $181.12
• 50-Day Range: $174.18 to $221.56
• 52-Week Range: $123.44 to $247.21
• Volume: 132,954 shs
• Average Volume: 191,046 shs
• Market Capitalization: $5.22 billion
• P/E Ratio: 33.54
• Dividend Yield: N/A
• Price Target: $227.80
• Consensus Rating: Moderate Buy

Nova Stock Analysis - MarketRank™

Nova scored higher than 82% of companies evaluated by MarketBeat, and ranked 171st out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Nova has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Nova has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.67%

Earnings Growth

Earnings for Nova are expected to grow by 13.67% in the coming year, from $5.78 to $6.57 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nova is 33.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nova is 33.54, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 249.93.

Price to Earnings Growth Ratio

Nova has a PEG Ratio of 1.67. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Nova has a P/B Ratio of 5.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.20% of the outstanding shares of Nova have been sold short.

Short Interest Ratio / Days to Cover

Nova has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Nova has recently decreased by 6.15%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Nova does not currently pay a dividend.

Dividend Growth

Nova does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.20% of the outstanding shares of Nova have been sold short.

Short Interest Ratio / Days to Cover

Nova has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Nova has recently decreased by 6.15%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.12

News Sentiment

Nova has a news sentiment score of 1.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Nova this week, compared to 4 articles on an average week.

Search Interest

9 people have searched for NVMI on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.

MarketBeat Follows

4 people have added Nova to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Nova insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Nova is held by insiders.

Percentage Held by Institutions

82.99% of the stock of Nova is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NVMI Stock Analysis - Frequently Asked Questions

How have NVMI shares performed this year?

Nova's stock was trading at $137.39 on January 1st, 2024. Since then, NVMI stock has increased by 30.8% and is now trading at $179.76.
View the best growth stocks for 2024 here.

How were Nova's earnings last quarter?

Nova Ltd. (NASDAQ:NVMI) posted its earnings results on Thursday, August, 8th. The semiconductor company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.43. The business's quarterly revenue was up 27.8% on a year-over-year basis.

Does Nova have any subsidiaries?

Nova subsidiaries include ancosys GmbH, Ancosys Inc., ancosys Instruments Taiwan Ltd, ancosys Korea LLC, Nova Measuring Instruments GmbH, Nova Measuring Instruments Inc., Nova Measuring Instruments K.K., and others.

Who are Nova's major shareholders?

Top institutional shareholders of Nova include FMR LLC (9.95%), Wasatch Advisors LP (5.56%), Clal Insurance Enterprises Holdings Ltd (4.41%) and Migdal Insurance & Financial Holdings Ltd. (4.39%).

How do I buy shares of Nova?

Shares of NVMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nova own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nova investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Meta Platforms (META), Adobe (ADBE), Advanced Micro Devices (AMD) and Novo Nordisk A/S (NVO).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Optical instruments & lenses
• Sub-Industry: Measuring And Control Equipment
• Current Symbol: NASDAQ:NVMI
• CUSIP: N/A
• CIK: 1109345
• Web: www.novami.com
• Phone: 972732295600
• Fax: 972-8940-7776
• Employees: 3,606
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $227.80
• High Stock Price Target: $245.00
• Low Stock Price Target: $210.00
• Potential Upside/Downside: +26.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.36
• Trailing P/E Ratio: 33.54
• Forward P/E Ratio: 31.10
• P/E Growth: 1.67
• Net Income: $136.31 million
• Net Margins: 28.00%
• Pretax Margin: 32.36%
• Return on Equity: 21.35%
• Return on Assets: 14.34%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.44
• Quick Ratio: 2.00

Sales & Book Value

• Annual Sales: $517.92 million
• Price / Sales: 10.08
• Cash Flow: $5.43 per share
• Price / Cash Flow: 33.10
• Book Value: $31.24 per share
• Price / Book: 5.75

Miscellaneous

• Outstanding Shares: 29,050,000
• Free Float: 28,756,000
• Market Cap: $5.22 billion
• Optionable: Optionable
• Beta: 1.47