What smart money is saying about Nova Ltd.
2 funds in our archive have pitched Nova Ltd., most recently TimesSquare AMG International Small Cap Fund in September 2026.
Nova Ltd. is a global innovator specializing in the design, development, production, and sale of sophisticated process control systems vital for semiconductor manufacturing. Its extensive reach covers key regions such as Israel, Taiwan, the United States, China, and Korea, in addition to other international markets. The company's advanced product range includes a suite of metrology platforms, enabling precise measurements of dimensions, films, materials, and chemical compositions. These capabilities are crucial for ensuring meticulous process control throughout various stages of semiconductor fabrication, including lithography, etching, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging. Nova serves diverse segments of the integrated circuit manufacturing industry, providing solutions to leading logic, foundry, and memory producers, as well as manufacturers of process equipment. Headquartered in Rehovot, Israel, and established in 1993, the company changed its name to Nova Ltd. in July 2021, having previously been known as Nova Measuring Instruments Ltd.
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Position history
Between Q2 2025 and Q3 2026, 9 fund letters reported a position in Nova Ltd., with 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 0 | 0 | 2 |
| Q2 2026 | 1 | 0 | 1 | 0 |
| Q1 2026 | 1 | 0 | 0 | 0 |
| Q4 2025 | 3 | 0 | 0 | 0 |
| Q2 2025 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 9 positions · 1 move
- September 2026
“Nova Ltd. (Israel) Return: −29% · Average Weight: 1% · Active Contribution: −40 bps Nova provides precision metrology solutions for semiconductor manufacturing. Shares fell sharply as semiconductor and AI- linked stocks sold off and crowded positioning in the group over the summer, even though results exceeded expectations.”
Nova Ltd. - September 2026
“Nova Ltd. (Israel) Return: -29% · Avg. Weight: 1% · Total Effect: -44 bps Nova provides precision metrology solutions for semiconductor manufacturing. Shares fell sharply as semiconductor and AI- linked stocks sold off and crowded positioning in the group unwound over the summer, even though results exceeded expectations. At an industry conference in September, management noted that its growth was not showing its usual degree of outperformance because 2026 equipment spending has been skewed to areas outside of Nova’s expertise, while framing 2027 as a better setup.”
Nova Ltd. - September 2026
“Convenience store chain Casey’s General Stores (CASY) was the largest underperformer, followed by specialty alloys manufacturer Carpenter Technology (CRS) and semiconductor equipment maker Nova (NVMI).”
Nova Ltd. - June 2026
“As noted above, Direct AI beneficiaries and a few other stocks in the portfolio rose sharply and in a number of instances prices raced ahead of fundamentals compressing future expected returns. We exited several positions including Credo Technology (CRDO), Semtech (SMTC), Nova Limited (NVMI), Universal Technical Institute (UTI) and Comfort Systems (FIX), entirely, and trimmed others, such as Modine (MOD), Forgent Power Solutions (FPS), Onto Innovation (ONTO), TTM Technologies (TTMI), and Carpenter Technology Corp (CRS).”
Nova Ltd. - March 2026
“Faring better was semiconductor equipment company Nova, which saw a 32% leap.”
Nova Ltd. - December 2025
“U.S. SELECT FUND— TOP 10 HOLDINGS AS OF SEPTEMBER 30, 2025 Percent of Security Name Net Assets Nova Ltd. 5.1% RBC Bearings, Inc.”
Nova Ltd. - December 2025
Listed in Wasatch Small Cap Growth Fund’s reported holdings.
Nova Ltd. - December 2025
Listed in Wasatch Core Growth Fund’s reported holdings.
Nova Ltd. - June 2025
“Two of the top contributors to Fund performance were technology companies, Fabrinet (FN) and Nova Ltd. (NVMI).”
Nova Ltd.
Fund coverage · 2 theses
- TimesSquare AMG International Small Cap FundSeptember 2026
Nova provides precision metrology for semiconductor manufacturing and management sees a better growth setup in 2027.
Read the full thesis - TimesSquare International Small CapSeptember 2026
Nova Ltd. provides precision metrology for semiconductor manufacturing, and management sees 2027 as a better setup despite temporary spending skew.
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