Nova (NASDAQ:NVMI) Releases Earnings Results, Misses Estimates By $0.04 EPS

Nova (NASDAQ:NVMI) issued its earnings results on Thursday. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.04), Zacks reports. Nova had a return on equity of 21.35% and a net margin of 28.00%. Nova updated its Q1 2025 guidance to 2.000-2.160 EPS.

Nova Price Performance

NASDAQ NVMI opened at $267.97 on Friday. The firm has a market cap of $7.78 billion, a PE ratio of 49.99, a price-to-earnings-growth ratio of 2.07 and a beta of 1.44. The stock’s 50 day simple moving average is $221.56 and its 200 day simple moving average is $207.11. Nova has a one year low of $154.54 and a one year high of $289.90.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NVMI shares. Benchmark increased their target price on Nova from $245.00 to $295.00 and gave the stock a “buy” rating in a report on Friday. Cantor Fitzgerald initiated coverage on Nova in a report on Monday, January 13th. They issued an “overweight” rating and a $275.00 target price for the company. Needham & Company LLC restated a “hold” rating on shares of Nova in a research report on Friday. Finally, Citigroup upgraded Nova from a “neutral” rating to a “buy” rating and increased their price target for the stock from $226.00 to $240.00 in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Nova presently has an average rating of “Moderate Buy” and an average price target of $246.67.

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.