SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 8.8% Stake in NOVA LTD
Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a beneficial ownership of 8.8% of NOVA LTD's common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 2,574,260 shares of NOVA LTD's common stock.
- This represents 8.8% of the total outstanding common stock of NOVA LTD.
- The filing is an Amendment No. 4 to a Schedule 13G, indicating a change or update to a previously reported ownership stake.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of NOVA LTD.
- FMR LLC, a Delaware entity, holds sole voting power over 2,574,111 shares and sole dispositive power over 2,574,260 shares.
- Abigail P. Johnson, a U.S. citizen, holds sole dispositive power over 2,574,260 shares.
- Select Semiconductors Portfolio, an entity under FMR LLC, is known to have an interest in 1,732,352 shares, representing 5.9% of NOVA LTD's common stock as of March 31, 2025.
- Abigail P. Johnson is identified as a Director, the Chairman, and the Chief Executive Officer of FMR LLC, with the Johnson family holding predominant ownership of FMR LLC's voting shares.
Sentiment
Score: 5
Explanation: Neutral. This is a factual ownership disclosure (Schedule 13G) and does not contain positive or negative operational or financial news about the issuer, NOVA LTD. It simply reports a significant beneficial ownership stake.
Positives
- A major institutional investor (FMR LLC) and its principal (Abigail P. Johnson) maintain a significant stake in NOVA LTD, which can be interpreted as continued confidence in the company.
- The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control, suggesting a passive investment approach.
Future Outlook
NA
Industry Context
This filing indicates continued institutional interest in NOVA LTD, a company likely operating in the semiconductor industry given the mention of 'Select Semiconductors Portfolio' as a holder of a significant portion of the shares. Such disclosures provide transparency on major investment positions within the sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Disclosure of FMR LLC's and Abigail P. Johnson's beneficial ownership, including the structure of FMR LLC's control by the Johnson family through Series B voting common shares and a shareholders' voting agreement. | 2025-03-31 | Provides transparency regarding significant institutional and individual ownership, which can influence corporate governance through voting power, though the filing states the shares are not held for control purposes. |
Related Party Transactions
- The filing details the relationship between FMR LLC and Abigail P. Johnson, where Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC, and the Johnson family are predominant owners of FMR LLC's voting shares, clarifying the control structure of the reporting entity.
- Select Semiconductors Portfolio, an entity under FMR LLC, is identified as holding a significant portion of the reported shares, indicating an internal allocation of the investment.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can be viewed positively as a vote of confidence from a major investor.
- Management: Awareness of a large, stable institutional shareholder.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number -23-000038) for Abigail P. Johnson was incorporated by reference. |
| 2025-03-31 | Date of event which requires filing of this statement, representing the reporting date for the beneficial ownership. |
| 2025-05-09 | Date of filing of this Schedule 13G Amendment No. 4. |
Keywords
NOVA LTD, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Ownership Disclosure, Semiconductors
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