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Novanta (NOVT) Competitors

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$126.69 +1.59 (+1.27%)
As of 01:37 PM Eastern
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NOVT vs. ADI, AEIS, DIOD, LFUS, MKSI, NXPI, TRMB, TROW, ITT, 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), Littelfuse (LFUS), MKS (MKSI), NXP Semiconductors (NXPI), Trimble (TRMB), T. Rowe Price Group (TROW), ITT (ITT), 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 better stock? We will contrast the two companies based on the strength of their profitability, valuation, risk, media sentiment, analyst recommendations, institutional ownership, earnings and dividends.

Analog Devices has a beta of 1.02, indicating that its share price is 2% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.45, indicating that its share price is 45% more volatile than the S&P 500.

Analog Devices has a net margin of 18.65% compared to Novanta's net margin of 7.42%. Novanta's return on equity of 15.06% beat Analog Devices' return on equity.

Company Net Margins Return on Equity Return on Assets
Analog Devices18.65% 9.56% 6.99%
Novanta 7.42%15.06%7.97%

86.8% of Analog Devices shares are held by institutional investors. Comparatively, 98.4% of Novanta shares are held by institutional investors. 0.3% of Analog Devices shares are held by company insiders. Comparatively, 1.2% of Novanta shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Analog Devices$9.82B12.21$1.64B$3.6765.80
Novanta$949.24M4.80$64.09M$1.9664.64

Analog Devices currently has a consensus target price of $257.67, suggesting a potential upside of 6.70%. Novanta has a consensus target price of $160.00, suggesting a potential upside of 26.29%. Given Novanta's higher probable 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
1 Sell rating(s)
5 Hold rating(s)
19 Buy rating(s)
1 Strong Buy rating(s)
2.77
Novanta
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

In the previous week, Analog Devices had 23 more articles in the media than Novanta. MarketBeat recorded 30 mentions for Analog Devices and 7 mentions for Novanta. Novanta's average media sentiment score of 1.10 beat Analog Devices' score of 0.87 indicating that Novanta is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Analog Devices
19 Very Positive mention(s)
1 Positive mention(s)
8 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Novanta
4 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Analog Devices beats Novanta on 10 of the 17 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$4.57B$5.00B$28.58B$9.39B
Dividend YieldN/A2.97%3.12%4.09%
P/E Ratio64.7931.8033.4519.87
Price / Sales4.802.261,710.4998.56
Price / Cash26.8522.6237.5857.53
Price / Book6.102.277.655.70
Net Income$64.09M$171.53M$779.73M$257.71M
7 Day Performance-5.29%2.03%1.03%0.89%
1 Month Performance3.60%5.87%7.32%11.09%
1 Year Performance-30.44%-3.34%52,918.58%16.58%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
2.8206 of 5 stars
$126.69
+1.3%
$160.00
+26.3%
-32.8%$4.57B$949.24M64.793,000Positive News
ADI
Analog Devices
4.5298 of 5 stars
$243.46
-0.5%
$257.67
+5.8%
-1.1%$120.82B$9.43B66.3424,000
AEIS
Advanced Energy Industries
4.3489 of 5 stars
$141.48
+0.5%
$126.89
-10.3%
+16.6%$5.33B$1.48B72.9310,000News Coverage
Positive News
Analyst Forecast
Analyst Revision
DIOD
Diodes
1.3808 of 5 stars
$56.03
-2.4%
$55.00
-1.8%
-35.8%$2.60B$1.31B101.878,593
LFUS
Littelfuse
4.2754 of 5 stars
$231.77
-0.9%
$252.25
+8.8%
-16.1%$5.73B$2.21B53.6516,000
MKSI
MKS
4.7066 of 5 stars
$104.68
-1.7%
$118.80
+13.5%
-29.5%$7.06B$3.65B31.2510,200Positive News
Analyst Forecast
Gap Down
NXPI
NXP Semiconductors
4.9304 of 5 stars
$224.61
-1.9%
$251.63
+12.0%
-24.1%$56.74B$12.32B24.4733,100Positive News
Upcoming Earnings
TRMB
Trimble
4.2296 of 5 stars
$80.20
+0.3%
$89.43
+11.5%
+37.6%$19.13B$3.57B13.0812,100Analyst Forecast
Insider Trade
TROW
T. Rowe Price Group
4.7131 of 5 stars
$102.26
+0.8%
$95.82
-6.3%
-14.7%$22.53B$7.09B11.598,158Positive News
Analyst Forecast
ITT
ITT
4.5088 of 5 stars
$158.11
+0.2%
$170.00
+7.5%
+10.4%$12.44B$3.63B25.1411,700Analyst Forecast
TEL
TE Connectivity
4.646 of 5 stars
$176.29
-0.5%
$173.30
-1.7%
+10.3%$52.28B$15.85B38.7587,000Upcoming Earnings
Analyst Forecast

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This page (NASDAQ:NOVT) was last updated on 7/17/2025 by MarketBeat.com Staff
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