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.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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