NovaNVMI
About: Nova Ltd is a semiconductor equipment manufacturer. The company provides metrology solutions for process control used in semiconductor manufacturing. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems. The product range consists of Nova 2040, Nova 3090Next, Nova i500 and i500 Plus, Nova T500, Nova T600, Nova V2600, HelioSense 100, Nova Hybrid Metrology solution, NovaMars. The company generates the majority of its revenue from China. Geographically the company has its business spread across the region of Taiwan, Korea, China, the United States, and Europe.
Employees: 1,202
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
105% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 19
96% more call options, than puts
Call options by funds: $105M | Put options by funds: $53.8M
33% more capital invested
Capital invested by funds: $3.93B [Q1] → $5.22B (+$1.29B) [Q2]
10% more funds holding
Funds holding: 199 [Q1] → 219 (+20) [Q2]
0.13% less ownership
Funds ownership: 76.73% [Q1] → 76.59% (-0.13%) [Q2]
11% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 8 (-1) [Q2]
20% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 86
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Citigroup Atif Malik 85% 1-year accuracy 22 / 26 met price target | 22%upside $224 | Neutral Downgraded | 16 Sept 2024 |
Benchmark Mark Miller 50% 1-year accuracy 16 / 32 met price target | 30%upside $240 | Buy Maintained | 9 Aug 2024 |