Movement Alert|Nova Ltd Falls 5.69% in Regular Trading, Semiconductor Equipment Sector Hit by China Lithography Development Concerns

Market Focus07-29

On July 28, Nova Ltd fell 5.69% in regular trading, trading at $402.83/share, with turnover of $124 million.

On the news front, reports emerged that a Shanghai-based company with domestic policy support has initiated deep ultraviolet (DUV) lithography machine R&D and manufacturing, with plans to produce 5 units this year and a maximum capacity target of 20 units next year. The development triggered broad concerns over global semiconductor equipment makers' China business outlook, intensifying selling pressure across the sector for a second consecutive day.

The semiconductor equipment sector experienced heavy broad-based selling, with individual stocks sharply declining: Lam Research down 8.31%, Applied Materials down 8.06%, Teradyne down 7.17%, KLA-Tencor down 6.12%, and ASML Holding down 4.6%.

Nova Ltd's next earnings report is expected on August 6, with consensus EPS estimate of $2.23. The company designs and produces process control metrology systems for semiconductor manufacturing, serving logic, foundry, and memory customers globally.

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