Free Trial

Novanta (NOVT) Competitors

Novanta logo
$113.74 -1.96 (-1.69%)
Closing price 08/6/2025 04:00 PM Eastern
Extended Trading
$113.78 +0.04 (+0.03%)
As of 08/6/2025 06:08 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

NOVT vs. ADI, AEIS, DIOD, 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 Analog Devices (ADI), Advanced Energy Industries (AEIS), Diodes (DIOD), 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

Analog Devices (NASDAQ:ADI) and Novanta (NASDAQ:NOVT) are both computer and technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, analyst recommendations, institutional ownership, valuation, dividends, earnings, media sentiment and profitability.

Analog Devices currently has a consensus target price of $258.89, suggesting a potential upside of 17.31%. Novanta has a consensus target price of $160.00, suggesting a potential upside of 40.67%. Given Novanta's higher possible upside, analysts plainly believe Novanta is more favorable than Analog Devices.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Analog Devices
0 Sell rating(s)
6 Hold rating(s)
19 Buy rating(s)
1 Strong Buy rating(s)
2.81
Novanta
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

86.8% of Analog Devices shares are held by institutional investors. Comparatively, 98.3% of Novanta shares are held by institutional investors. 0.3% of Analog Devices 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 stock is poised for long-term growth.

Analog Devices has a beta of 1.05, suggesting that its stock price is 5% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.48, suggesting that its stock price is 48% more volatile than the S&P 500.

In the previous week, Analog Devices had 15 more articles in the media than Novanta. MarketBeat recorded 34 mentions for Analog Devices and 19 mentions for Novanta. Analog Devices' average media sentiment score of 1.45 beat Novanta's score of 0.69 indicating that Analog Devices is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Analog Devices
29 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Novanta
7 Very Positive mention(s)
2 Positive mention(s)
6 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Analog Devices has a net margin of 18.65% compared to Novanta's net margin of 6.41%. Novanta's return on equity of 14.70% beat Analog Devices' return on equity.

Company Net Margins Return on Equity Return on Assets
Analog Devices18.65% 9.56% 6.99%
Novanta 6.41%14.70%7.88%

Analog Devices has higher revenue and earnings than Novanta. Analog Devices is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Analog Devices$9.43B11.62$1.64B$3.6760.13
Novanta$951.70M4.30$64.09M$1.7066.91

Summary

Analog Devices beats Novanta on 10 of the 17 factors compared between the two stocks.

Get Novanta News Delivered to You Automatically

Sign up to receive the latest news and ratings for NOVT and its competitors with MarketBeat's FREE daily newsletter.

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.
Skip Chart

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.
Skip Chart

NOVT vs. The Competition

MetricNovantaELEC IndustryComputer SectorNASDAQ Exchange
Market Cap$4.16B$5.62B$29.06B$9.47B
Dividend YieldN/A2.71%3.11%4.17%
P/E Ratio66.9123.6748.5423.99
Price / Sales4.302.331,528.7596.71
Price / Cash24.9123.5036.5858.51
Price / Book5.112.227.485.58
Net Income$64.09M$171.66M$802.59M$265.35M
7 Day Performance-7.54%0.05%-0.08%-0.07%
1 Month Performance-11.69%2.78%-0.01%1.76%
1 Year Performance-32.44%11.17%53,008.73%25.39%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
2.7707 of 5 stars
$113.74
-1.7%
$160.00
+40.7%
-33.2%$4.16B$951.70M66.913,000Trending News
Earnings Report
High Trading Volume
ADI
Analog Devices
4.8744 of 5 stars
$222.40
+0.3%
$258.89
+16.4%
+7.7%$110.02B$9.43B32.9424,000Positive News
AEIS
Advanced Energy Industries
4.2858 of 5 stars
$140.56
+3.9%
$132.20
-5.9%
+41.7%$5.09B$1.48B40.2510,000Trending News
Earnings Report
Analyst Forecast
Gap Down
DIOD
Diodes
2.5706 of 5 stars
$49.46
+1.1%
$55.00
+11.2%
-23.4%$2.27B$1.31B40.098,593
MKSI
MKS
4.986 of 5 stars
$94.00
+1.3%
$120.00
+27.7%
-15.8%$6.26B$3.59B13.0510,200Trending News
Earnings Report
Dividend Announcement
NXPI
NXP Semiconductors
4.8383 of 5 stars
$211.99
+1.0%
$256.05
+20.8%
-13.0%$52.92B$12.61B20.3033,100Positive News
TRMB
Trimble
4.0252 of 5 stars
$84.25
+1.9%
$89.14
+5.8%
+63.3%$19.72B$3.68B36.5712,100Trending News
Gap Up
TROW
T. Rowe Price Group
4.3958 of 5 stars
$105.94
+2.8%
$101.09
-4.6%
+1.5%$22.71B$7.09B11.258,158Trending News
Earnings Report
Analyst Forecast
ITT
ITT
4.2449 of 5 stars
$166.88
+1.7%
$179.22
+7.4%
+27.9%$12.80B$3.63B27.1111,700Trending News
Earnings Report
Dividend Announcement
Analyst Forecast
Analyst Revision
KEYS
Keysight Technologies
4.4194 of 5 stars
$161.65
+1.9%
$187.50
+16.0%
+30.4%$27.31B$4.98B26.8015,500Positive News
TEL
TE Connectivity
4.7044 of 5 stars
$204.12
+1.1%
$194.80
-4.6%
+39.8%$59.67B$15.85B24.4287,000Positive News

Related Companies and Tools


This page (NASDAQ:NOVT) was last updated on 8/7/2025 by MarketBeat.com Staff
From Our Partners