Nova (NASDAQ:NVMI – Get Rating) is set to announce its earnings results before the market opens on Thursday, May 11th. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Nova has set its Q1 guidance at $0.93-1.14 EPS and its Q1 2023 guidance at $0.93-$1.14 EPS.Investors interested in registering for the company’s conference call can do so using this link.
Nova (NASDAQ:NVMI – Get Rating) last released its earnings results on Wednesday, February 15th. The semiconductor company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.05. The company had revenue of $151.24 million during the quarter. Nova had a net margin of 24.57% and a return on equity of 27.41%. On average, analysts expect Nova to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Nova Price Performance
NVMI opened at $90.22 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.70 and a current ratio of 4.57. Nova has a 1-year low of $67.40 and a 1-year high of $111.00. The company has a 50-day moving average of $95.52 and a 200-day moving average of $89.04. The company has a market capitalization of $2.59 billion, a P/E ratio of 20.50 and a beta of 1.26.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in shares of Nova by 262.1% in the fourth quarter. Millennium Management LLC now owns 230,497 shares of the semiconductor company’s stock valued at $18,827,000 after acquiring an additional 166,836 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Nova by 190.2% in the fourth quarter. Marshall Wace LLP now owns 65,246 shares of the semiconductor company’s stock valued at $5,329,000 after acquiring an additional 42,762 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Nova by 4.6% in the third quarter. Vanguard Group Inc. now owns 904,099 shares of the semiconductor company’s stock valued at $77,120,000 after acquiring an additional 39,986 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Nova by 554.3% in the first quarter. BlackRock Inc. now owns 42,844 shares of the semiconductor company’s stock valued at $4,664,000 after acquiring an additional 36,296 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Nova in the fourth quarter valued at approximately $2,225,000. Institutional investors own 70.02% of the company’s stock.
About Nova
Nova Ltd. engages in the provision of metrology solutions for the semiconductor manufacturing industry. Its products and services include dimensional metrology, in-line materials and chemical metrology for semiconductor manufacturing and software solutions. The company was founded by Giora Dishon and Moshe Finarov in May 1993 and is headquartered in Rehovot, Israel.
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