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Novanta (NOVT) Competitors

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$117.63 -0.34 (-0.29%)
Closing price 04:00 PM Eastern
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$117.66 +0.03 (+0.02%)
As of 05:40 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 contrast the two companies based on the strength of their dividends, institutional ownership, media sentiment, valuation, earnings, analyst recommendations, risk and profitability.

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%

Advanced Energy Industries has a beta of 1.52, suggesting that its share price is 52% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.48, suggesting that its share price is 48% more volatile than the S&P 500.

99.7% of Advanced Energy Industries shares are held by institutional investors. Comparatively, 98.4% of Novanta shares are held by institutional investors. 1.2% of Advanced Energy Industries shares are held by insiders. Comparatively, 1.2% of Novanta shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

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$1.48B3.91$54.21M$2.2169.56
Novanta$949.24M4.46$64.09M$1.7069.19

In the previous week, Novanta had 4 more articles in the media than Advanced Energy Industries. MarketBeat recorded 11 mentions for Novanta and 7 mentions for Advanced Energy Industries. Advanced Energy Industries' average media sentiment score of 1.79 beat Novanta's score of 1.68 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
4 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Novanta
10 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Advanced Energy Industries presently has a consensus target price of $140.90, suggesting a potential downside of 8.35%. Novanta has a consensus target price of $133.00, suggesting a potential upside of 13.07%. Given Novanta's higher probable upside, analysts clearly 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)
4 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
2.75
Novanta
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

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$4.23B$5.66B$29.72B$9.78B
Dividend YieldN/A2.59%3.06%4.04%
P/E Ratio69.1924.9755.5926.39
Price / Sales4.462.391,500.8686.63
Price / Cash25.5622.8335.6559.11
Price / Book5.282.359.366.62
Net Income$64.09M$173.03M$806.27M$265.42M
7 Day Performance2.15%5.07%3.09%3.58%
1 Month Performance-7.53%4.64%0.46%0.46%
1 Year Performance-35.37%12.18%24,016.88%19.41%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
2.0165 of 5 stars
$117.63
-0.3%
$133.00
+13.1%
-35.4%$4.23B$949.24M69.193,000News Coverage
Positive News
AEIS
Advanced Energy Industries
4.2962 of 5 stars
$153.01
-1.0%
$138.90
-9.2%
+40.8%$5.83B$1.48B69.2410,000News Coverage
Positive News
Analyst Forecast
DIOD
Diodes
1.9582 of 5 stars
$55.26
-1.7%
$55.00
-0.5%
-20.8%$2.61B$1.31B40.348,593News Coverage
LFUS
Littelfuse
4.6054 of 5 stars
$262.16
-0.3%
$234.50
-10.6%
-2.6%$6.52B$2.19B54.6216,000Positive News
Insider Trade
MKSI
MKS
4.9138 of 5 stars
$106.22
+0.9%
$119.80
+12.8%
-9.7%$7.07B$3.59B26.9610,200
NXPI
NXP Semiconductors
4.7339 of 5 stars
$236.67
+0.8%
$256.05
+8.2%
-4.8%$59.20B$12.61B28.2133,100Positive News
TRMB
Trimble
3.9597 of 5 stars
$81.43
-1.4%
$90.50
+11.1%
+43.6%$19.65B$3.68B70.2012,100Positive News
TROW
T. Rowe Price Group
4.8053 of 5 stars
$107.46
-0.8%
$101.09
-5.9%
-0.7%$23.79B$7.09B12.018,158Positive News
ITT
ITT
4.3179 of 5 stars
$169.63
-0.7%
$179.22
+5.7%
+25.2%$13.33B$3.63B26.6711,700Positive News
KEYS
Keysight Technologies
4.3936 of 5 stars
$165.38
-0.9%
$187.38
+13.3%
+6.8%$28.72B$4.98B52.6715,500
TEL
TE Connectivity
4.7125 of 5 stars
$205.08
+0.0%
$197.55
-3.7%
+35.8%$60.57B$15.85B42.4687,000Positive News

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This page (NASDAQ:NOVT) was last updated on 8/27/2025 by MarketBeat.com Staff
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