Phoenix expands chip holdings. The Phoenix stock sits 15.25 percent below its high

Published on 10/08/2026 at 13:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Phoenix stock was 15.25 percent below its yearly high on October 8, 2026. Q2 2026 net income was ILS 904.14 million.

The Phoenix, IL0007670123, Illustration mit AI erstellt.

The Phoenix (ISIN IL0007670123) had built a 2.75 million shareholding in Nova by September 17, 2026, as the insurer expanded its semiconductor investments. CTech reported on September 29, 2026 that the Nova position was valued at NIS 3.3 billion and represented an 8.60 percent stake.

Chip holdings reach NIS 3.3 billion

The Nova investment is part of a wider allocation to semiconductor equipment companies. The Phoenix also held 1.47 million Camtek shares through provident funds, valued at NIS 653.0 million in August 2026, according to CTech.

The Nova holding included 1.89 million shares bought by provident funds, while mutual funds held more than 700,000 shares. Phoenix's total Nova position therefore combined institutional savings assets with proprietary and policy-related portfolios, giving the group exposure to several investment channels.

Portfolio strategy meets valuation risk

The comparison between the two holdings shows the scale of the shift: Nova represented NIS 3.3 billion, while the Camtek position reached NIS 653.0 million. The strategy concentrates capital in metrology, inspection and process-control businesses that depend on semiconductor manufacturers' spending cycles, according to CTech.

That concentration differs from Phoenix's infrastructure exposure. The company previously held a NIS 3.7 billion position in Tower Semiconductor, while earlier energy investments included a planned NIS 600 million to NIS 700 million allocation to solar projects, as reported by CTech.

Stock remains below its yearly high

The Phoenix stock was trading at ILA 17,060 on the Tel Aviv Stock Exchange on October 8, 2026, with the exchange session open. The 52-week range was ILA 11,740 to ILA 20,130, placing the quote 15.25 percent below the high. Market capitalization stood at ILS 43.0 billion, while volume reached 417,634 shares.

The Phoenix is listed as PHOE.TA on the Tel Aviv Stock Exchange under ISIN IL0007670123, according to Global Banking and Finance Review. The insurer operates across insurance, retirement planning, savings and investment management, so the semiconductor allocation adds a growth-oriented portfolio element to its financial-services base.