10 Best Performing Semiconductor Stocks So Far in 2025

2. Nova Ltd. (NASDAQ:NVMI)

YTD Returns: 39%

Number of Hedge Fund Holders: 26

Nova Ltd. (NASDAQ:NVMI) is an Israel-based company specializing in metrology solutions for advanced process control in semiconductor manufacturing. The company provides a range of metrology devices and services that enable semiconductor manufacturers to monitor and control critical dimensions and material properties during fabrication. Their innovative technologies support the production of advanced nodes and complex 3D structures, ensuring high yield and performance.

At the end of January, the company announced the doubling of its chemical metrology production capacity and the opening of a new manufacturing facility in Germany with the aim of enhancing its global presence. In addition, the company acquired the Germany-based company Sentronics Metrology GmbH, which is a provider of wafer metrology tools for backend semiconductor fabrication.

On February 13, 2025, the company reported strong financial Q4 2024 with a 45% year-over-year revenue growth in revenue of $210 million. On the next day, an analyst from Benchmark raised Nova Ltd. (NASDAQ:NVMI)’s price target to $295 from $245 while maintaining a Buy rating. The analyst believes that the company’s recent quarterly results were strong and guidance for the March quarter also bodes well for growth. He expects adjusted earnings to grow 34% year-over-year in 2025. The analyst upgrade cycle started in early January when the analyst from Citi upgraded the stock to Buy from Neutral, raising his target price to $240 from $226.

All these factors have led to a strong performance from the stock with around 39% gains YTD.