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Novanta (NOVT) Competitors

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$114.26 +0.48 (+0.42%)
Closing price 09/16/2025 04:00 PM Eastern
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$114.22 -0.05 (-0.04%)
As of 09/16/2025 05:36 PM Eastern
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NOVT vs. AEIS, DIOD, LFUS, MKSI, NXPI, TRMB, TROW, ITT, KEYS, and TEL

Should you be buying Novanta stock or one of its competitors? The main competitors of Novanta include Advanced Energy Industries (AEIS), Diodes (DIOD), Littelfuse (LFUS), MKS (MKSI), NXP Semiconductors (NXPI), Trimble (TRMB), T. Rowe Price Group (TROW), ITT (ITT), Keysight Technologies (KEYS), and TE Connectivity (TEL).

Novanta vs. Its Competitors

Advanced Energy Industries (NASDAQ:AEIS) and Novanta (NASDAQ:NOVT) are both mid-cap computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, media sentiment, valuation, risk, profitability, analyst recommendations, earnings and institutional ownership.

Advanced Energy Industries currently has a consensus price target of $140.90, indicating a potential downside of 10.84%. Novanta has a consensus price target of $133.00, indicating a potential upside of 16.40%. Given Novanta's higher probable upside, analysts plainly believe Novanta is more favorable than Advanced Energy Industries.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Advanced Energy Industries
0 Sell rating(s)
3 Hold rating(s)
7 Buy rating(s)
2 Strong Buy rating(s)
2.92
Novanta
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Novanta has a net margin of 6.41% compared to Advanced Energy Industries' net margin of 5.13%. Novanta's return on equity of 14.70% beat Advanced Energy Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
Advanced Energy Industries5.13% 12.38% 6.58%
Novanta 6.41%14.70%7.88%

In the previous week, Novanta had 3 more articles in the media than Advanced Energy Industries. MarketBeat recorded 12 mentions for Novanta and 9 mentions for Advanced Energy Industries. Advanced Energy Industries' average media sentiment score of 1.67 beat Novanta's score of 1.41 indicating that Advanced Energy Industries is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Advanced Energy Industries
6 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Novanta
8 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Novanta has lower revenue, but higher earnings than Advanced Energy Industries. Novanta is trading at a lower price-to-earnings ratio than Advanced Energy Industries, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Advanced Energy Industries$1.48B4.02$54.21M$2.2171.51
Novanta$949.24M4.33$64.09M$1.7067.21

99.7% of Advanced Energy Industries shares are owned by institutional investors. Comparatively, 98.4% of Novanta shares are owned by institutional investors. 1.2% of Advanced Energy Industries shares are owned by insiders. Comparatively, 1.2% of Novanta shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Advanced Energy Industries has a beta of 1.57, suggesting that its stock price is 57% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.5, suggesting that its stock price is 50% more volatile than the S&P 500.

Summary

Advanced Energy Industries beats Novanta on 9 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding NOVT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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NOVT vs. The Competition

MetricNovantaELEC IndustryComputer SectorNASDAQ Exchange
Market Cap$4.09B$5.82B$32.03B$10.31B
Dividend YieldN/A2.52%3.15%4.63%
P/E Ratio67.2126.06450.6926.51
Price / Sales4.332.561,675.44123.58
Price / Cash24.5023.7237.2060.46
Price / Book5.502.547.446.29
Net Income$64.09M$177.35M$809.77M$270.51M
7 Day Performance-0.61%-0.38%2.67%1.95%
1 Month Performance-0.62%4.13%5.85%6.33%
1 Year Performance-33.19%20.08%24,268.65%25.63%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
2.6855 of 5 stars
$114.26
+0.4%
$133.00
+16.4%
-33.5%$4.09B$949.24M67.213,000Positive News
AEIS
Advanced Energy Industries
4.6225 of 5 stars
$156.74
-0.4%
$140.90
-10.1%
+59.9%$5.94B$1.48B70.9210,000Positive News
DIOD
Diodes
2.507 of 5 stars
$54.26
+3.1%
$55.00
+1.4%
-9.5%$2.44B$1.31B39.618,593Positive News
LFUS
Littelfuse
4.5972 of 5 stars
$262.81
-0.4%
$234.50
-10.8%
+4.4%$6.54B$2.19B54.7516,000
MKSI
MKS
4.2157 of 5 stars
$116.38
+1.1%
$119.80
+2.9%
+9.3%$7.73B$3.59B29.5410,200Positive News
NXPI
NXP Semiconductors
4.9579 of 5 stars
$219.27
+0.2%
$256.05
+16.8%
-3.9%$55.17B$12.61B26.1333,100Positive News
Insider Trade
TRMB
Trimble
4.706 of 5 stars
$81.01
+0.2%
$90.50
+11.7%
+38.5%$19.25B$3.68B69.8412,100Positive News
TROW
T. Rowe Price Group
4.46 of 5 stars
$104.17
-1.4%
$101.55
-2.5%
-2.1%$23.21B$7.09B11.648,158Positive News
ITT
ITT
4.3075 of 5 stars
$179.80
+1.3%
$183.67
+2.2%
+34.1%$13.84B$3.63B28.2711,700Analyst Forecast
KEYS
Keysight Technologies
4.5026 of 5 stars
$171.67
+0.7%
$187.38
+9.1%
+15.1%$29.31B$4.98B54.6715,500Positive News
TEL
TE Connectivity
4.4626 of 5 stars
$210.99
+0.6%
$199.55
-5.4%
+45.7%$62.00B$15.85B43.6887,000Positive News
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This page (NASDAQ:NOVT) was last updated on 9/17/2025 by MarketBeat.com Staff
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