Novanta (NOVT) Stock Price, News & Analysis

Company Overview

Novanta, Inc. (NASDAQ: NOVT) is a global technology company that designs and manufactures precision components, subsystems and software used in advanced photonics and motion control applications. The company serves customers in the medical device and advanced industrial markets, supplying critical technologies for diagnostics and therapeutic systems, semiconductor and electronics manufacturing, and scientific instrumentation. Novanta’s product portfolio includes laser control modules, optics, beam delivery systems, high-precision motors, actuators, stages, and fluidics solutions designed to meet stringent accuracy and reliability requirements.

Novanta’s Photonics segment delivers laser and energy delivery components that enable minimally invasive surgical procedures and diagnostic imaging. Its offerings include beam steering systems for ophthalmic and aesthetic medical lasers, optical assemblies for fluorescence and Raman spectroscopy, and diode bar products for industrial and research laser applications. The Advanced Motion segment provides positioning and motion solutions—from single-axis stages to complex multi-axis subsystems—that support high-throughput semiconductor inspection, precision drilling, and pick-and-place operations.

Headquartered in Bedford, Massachusetts, Novanta operates manufacturing and technology centers across North America, Europe, and Asia. The company maintains an international footprint with design, engineering and production facilities in Germany, Italy, the United Kingdom, China, and Japan, allowing it to collaborate closely with regional customers and respond rapidly to evolving market needs. Novanta’s global supply chain and customer support network ensure consistent product quality and on-time delivery for mission-critical applications.

Since its initial public offering in 2011, Novanta has pursued a combination of organic innovation and strategic acquisitions to expand its technology base and broaden its end-market exposure. The company’s leadership team draws on decades of experience in photonics, precision engineering and healthcare, guiding research and development initiatives as well as customer partnerships. By integrating advanced optics, motion control and fluidics under a unified corporate structure, Novanta aims to accelerate its customers’ product roadmaps and drive next-generation performance across a variety of industries.

Key Stats

• Today's Range: $112.85 to $119.80
• 50-Day Range: $99.96 to $122.97
• 52-Week Range: $98.76 to $184.11
• Volume: 567,230 shs
• Average Volume: 308,043 shs
• Market Capitalization: $4.19 billion
• P/E Ratio: 68.52
• Dividend Yield: N/A
• Price Target: $133.00
• Consensus Rating: Hold

Novanta Stock Analysis - MarketRank™

Novanta scored higher than 72% of companies evaluated by MarketBeat, and ranked 255th out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.7 / 5
• Analyst Rating: Hold

Consensus Rating

Novanta has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Upside Potential

Novanta has a consensus price target of $133.00, representing about 14.2% upside from its current price of $116.48.

Amount of Analyst Coverage

Novanta has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 21.45%

Earnings Growth

Earnings for Novanta are expected to grow by 21.45% in the coming year, from $3.03 to $3.68 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Novanta is 68.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 79.41.

Price to Earnings Ratio vs. Sector

The P/E ratio of Novanta is 68.52, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 726.76.

Price to Book Value per Share Ratio

Novanta has a P/B Ratio of 5.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.86% of the outstanding shares of Novanta have been sold short.

Short Interest Ratio / Days to Cover

Novanta has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Novanta has recently decreased by 5.41%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Novanta does not currently pay a dividend.

Dividend Growth

Novanta does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.86% of the outstanding shares of Novanta have been sold short.

Short Interest Ratio / Days to Cover

Novanta has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Novanta has recently decreased by 5.41%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.28

News Sentiment

Novanta has a news sentiment score of 1.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Novanta this week, compared to 6 articles on an average week.

MarketBeat Follows

1 people have added Novanta to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Novanta insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.20% of the stock of Novanta is held by insiders.

Percentage Held by Institutions

98.35% of the stock of Novanta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NOVT Stock Analysis - Frequently Asked Questions

How have NOVT shares performed this year?

Novanta's stock was trading at $152.77 at the beginning of 2025. Since then, NOVT shares have decreased by 23.8% and is now trading at $116.48.

How were Novanta's earnings last quarter?

Novanta Inc. (NASDAQ:NOVT) issued its quarterly earnings results on Tuesday, August, 5th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. The company's revenue for the quarter was up 2.2% on a year-over-year basis.
Read the conference call transcript.

How will Novanta's stock buyback program work?

Novanta's Board of Directors initiated a stock buyback plan on Thursday, September 18th 2025, which allows the company to repurchase $200,000,000 in shares, according to EventVestor. This means that the company could purchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Who are Novanta's major shareholders?

Novanta's top institutional investors include Allspring Global Investments Holdings LLC (2.21%), Congress Asset Management Co. (1.64%), Exchange Traded Concepts LLC (0.50%) and Moody Aldrich Partners LLC (0.06%). Insiders that own company stock include Robert Buckley, Matthijs Glastra, Brian S Young and Thomas N Secor.
View institutional ownership trends.

How do I buy shares of Novanta?

Shares of NOVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Novanta own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Novanta investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 8/05/2025
• Today: 10/22/2025
• Next Earnings (Estimated): 11/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: ELEC - MISC COMPONENTS
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:NOVT
• Previous Symbol: NASDAQ:GSIG
• CIK: 1076930
• Web: www.novanta.com
• Phone: (781) 266-5700
• Fax: 781-266-5114
• Employees: 3,000
• Year Founded: 1968

Price Target and Rating

• Average Price Target for Novanta: $133.00
• High Price Target: $133.00
• Low Price Target: $133.00
• Potential Upside/Downside: +11.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.70
• Trailing P/E Ratio: 70.20
• Forward P/E Ratio: 39.28
• P/E Growth: N/A
• Net Income: $64.09 million
• Net Margins: 6.41%
• Pretax Margin: 8.07%
• Return on Equity: 14.70%
• Return on Assets: 7.88%

Debt

• Debt-to-Equity Ratio: 0.57
• Current Ratio: 2.54
• Quick Ratio: 1.62

Sales & Book Value

• Annual Sales: $956.88 million
• Price / Sales: 4.47
• Cash Flow: $5.10 per share
• Price / Cash Flow: 23.34
• Book Value: $20.76 per share
• Price / Book: 5.73

Miscellaneous

• Outstanding Shares: 35,974,000
• Free Float: 35,542,000
• Market Cap: $4.28 billion
• Optionable: Optionable
• Beta: 1.49