Nova (NVMI)

• Market cap: $5.06B
• 1 day: -1.57%
• 5 days: -6.80%
• 1 month: -12.14%
• 3 months: -33.12%
• 6 months: -7.07%
• Year to date: -14.77%
• 1 year: 6.20%
• 5 years: 388.20%
• 10 years: 1,388.98%
• Sector: Technology
• Industry: Semiconductor Equipment & Materials

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: 1,383

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

25% more repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 73

21% more call options, than puts

Call options by funds: $83M | Put options by funds: $68.8M

13% more funds holding in top 10

Funds holding in top 10: 8 [Q3] → 9 (+1) [Q4]

5% less capital invested

Capital invested by funds: $4.75B [Q3] → $4.54B (-$219M) [Q4]

8% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 37

3% less funds holding

Funds holding: 229 [Q3] → 223 (-6) [Q4]

2.95% less ownership

Funds ownership: 78.33% [Q3] → 75.38% (-2.95%) [Q4]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $248 43% upside
• Avg. target: $281 63% upside
• High target: $300 74% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

B of A Securities Vivek Arya 50% 1-year accuracy 56 / 113 met price target	43% upside $248	Buy Maintained	16 Apr 2025
Cantor Fitzgerald Matthew Prisco 4% 1-year accuracy 1 / 25 met price target	74% upside $300	Overweight Maintained	14 Mar 2025
Benchmark Mark Miller 8% 1-year accuracy 3 / 36 met price target	71% upside $295	Buy Maintained	14 Feb 2025