Published on 28 Mar 2024 on Simply Wall St. via Yahoo Finance
With 82% ownership, Nova Ltd. (NASDAQ:NVMI) boasts of strong institutional backing
Key Insights
Given the large stake in the stock by institutions, Nova's stock price might be vulnerable to their trading decisionsThe top 10 shareholders own 52% of the company Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
Every investor in Nova Ltd. (NASDAQ:NVMI) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 82% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.