Franklin Resources Inc. Grows Stock Position in Nova Ltd. $NVMI

Franklin Resources Inc. increased its holdings in Nova Ltd. (NASDAQ:NVMI) by 6.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 629,894 shares of the semiconductor company’s stock after acquiring an additional 35,870 shares during the quarter. Franklin Resources Inc.’s holdings in Nova were worth $173,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its position in Nova by 7.4% in the first quarter. Envestnet Asset Management Inc. now owns 7,825 shares of the semiconductor company’s stock worth $1,442,000 after acquiring an additional 541 shares during the period. Carnegie Investment Counsel bought a new stake in shares of Nova during the 1st quarter valued at $527,000. Cetera Investment Advisers increased its stake in shares of Nova by 5.1% in the 1st quarter. Cetera Investment Advisers now owns 5,009 shares of the semiconductor company’s stock worth $923,000 after purchasing an additional 242 shares in the last quarter. Assetmark Inc. raised its holdings in Nova by 2.4% in the 1st quarter. Assetmark Inc. now owns 36,746 shares of the semiconductor company’s stock worth $6,773,000 after purchasing an additional 852 shares during the period. Finally, TD Asset Management Inc raised its holdings in Nova by 152.1% in the 1st quarter. TD Asset Management Inc now owns 11,493 shares of the semiconductor company’s stock worth $2,098,000 after purchasing an additional 6,934 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Nova Stock Up 1.7%

Shares of Nova stock opened at $280.42 on Friday. The stock’s 50-day simple moving average is $317.96 and its 200-day simple moving average is $271.53. Nova Ltd. has a 52 week low of $153.99 and a 52 week high of $361.32. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.44 and a beta of 1.79.

Nova (NASDAQ:NVMI) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.04. The firm had revenue of $224.61 million during the quarter, compared to analyst estimates of $221.61 million. Nova had a return on equity of 24.36% and a net margin of 29.10%.The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.74 earnings per share. Nova has set its Q4 2025 guidance at 2.020-2.200 EPS. Q4 2025 guidance at 2.020-2.200 EPS. On average, equities analysts expect that Nova Ltd. will post 7.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NVMI shares. Evercore ISI boosted their price target on Nova from $290.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nova in a research note on Wednesday, October 8th. Finally, Benchmark increased their target price on shares of Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $307.00.

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.