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Novanta (NOVT) Competitors

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$141.94 -2.49 (-1.72%)
As of 09:40 AM Eastern
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NOVT vs. ADI, AEIS, CSQ, LFUS, and AVNT

Should you buy Novanta stock or one of its competitors? Novanta's main competitors and comparable companies include Analog Devices (ADI), Advanced Energy Industries (AEIS), Calamos Strategic Total Return Fund (CSQ), Littelfuse (LFUS), and Avient (AVNT). Companies are selected based on similarities in market, industry, and size.

How does Novanta compare to Analog Devices?

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

98.4% of Novanta shares are owned by institutional investors. Comparatively, 86.8% of Analog Devices shares are owned by institutional investors. 1.2% of Novanta shares are owned by company insiders. Comparatively, 0.4% of Analog Devices shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

In the previous week, Analog Devices had 11 more articles in the media than Novanta. MarketBeat recorded 16 mentions for Analog Devices and 5 mentions for Novanta. Novanta's average media sentiment score of 0.60 beat Analog Devices' score of 0.57 indicating that Novanta is being referred to more favorably in the media.

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

Novanta has a beta of 1.67, meaning that its share price is 67% more volatile than the broader market. Comparatively, Analog Devices has a beta of 1.2, meaning that its share price is 20% more volatile than the broader market.

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
Novanta$980.60M5.47$53.83M$1.5690.99
Analog Devices$13.88B13.19$2.27B$8.4344.84

Novanta presently has a consensus price target of $194.00, suggesting a potential upside of 36.68%. Analog Devices has a consensus price target of $457.97, suggesting a potential upside of 21.16%. Given Novanta's higher possible upside, equities analysts plainly believe Novanta is more favorable than Analog Devices.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
3.00
Analog Devices
0 Sell rating(s)
2 Hold rating(s)
26 Buy rating(s)
2 Strong Buy rating(s)
3.00

Analog Devices has a net margin of 29.79% compared to Novanta's net margin of 6.00%. Analog Devices' return on equity of 16.39% beat Novanta's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta6.00% 10.83% 7.53%
Analog Devices 29.79%16.39%11.49%

Summary

Analog Devices beats Novanta on 10 of the 16 factors compared between the two stocks.

How does Novanta compare to Advanced Energy Industries?

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

Novanta has a beta of 1.67, meaning that its stock price is 67% more volatile than the broader market. Comparatively, Advanced Energy Industries has a beta of 1.31, meaning that its stock price is 31% more volatile than the broader market.

Advanced Energy Industries has a net margin of 10.77% compared to Novanta's net margin of 6.00%. Advanced Energy Industries' return on equity of 20.75% beat Novanta's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta6.00% 10.83% 7.53%
Advanced Energy Industries 10.77%20.75%10.39%

Advanced Energy Industries has higher revenue and earnings than Novanta. Advanced Energy Industries 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
Novanta$980.60M5.47$53.83M$1.5690.99
Advanced Energy Industries$2.04B5.37$148.40M$5.3650.97

Novanta currently has a consensus price target of $194.00, suggesting a potential upside of 36.68%. Advanced Energy Industries has a consensus price target of $409.50, suggesting a potential upside of 49.90%. Given Advanced Energy Industries' higher probable upside, analysts clearly believe Advanced Energy Industries is more favorable than Novanta.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
3.00
Advanced Energy Industries
0 Sell rating(s)
2 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
2.93

98.4% of Novanta shares are owned by institutional investors. Comparatively, 99.7% of Advanced Energy Industries shares are owned by institutional investors. 1.2% of Novanta shares are owned by company insiders. Comparatively, 1.3% of Advanced Energy Industries shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

In the previous week, Novanta had 2 more articles in the media than Advanced Energy Industries. MarketBeat recorded 5 mentions for Novanta and 3 mentions for Advanced Energy Industries. Advanced Energy Industries' average media sentiment score of 1.45 beat Novanta's score of 0.60 indicating that Advanced Energy Industries is being referred to more favorably in the news media.

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

Summary

Advanced Energy Industries beats Novanta on 11 of the 16 factors compared between the two stocks.

How does Novanta compare to Calamos Strategic Total Return Fund?

Calamos Strategic Total Return Fund (NASDAQ:CSQ) and Novanta (NASDAQ:NOVT) are related companies, but which is the better investment? We will compare the two companies based on the strength of their profitability, earnings, risk, analyst recommendations, institutional ownership, dividends, media sentiment and valuation.

Novanta has a net margin of 6.00% compared to Calamos Strategic Total Return Fund's net margin of 0.00%. Novanta's return on equity of 10.83% beat Calamos Strategic Total Return Fund's return on equity.

Company Net Margins Return on Equity Return on Assets
Calamos Strategic Total Return FundN/A N/A N/A
Novanta 6.00%10.83%7.53%

Novanta has lower revenue, but higher earnings than Calamos Strategic Total Return Fund.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Calamos Strategic Total Return Fund$1.06BN/AN/AN/AN/A
Novanta$980.60M5.47$53.83M$1.5690.99

In the previous week, Novanta had 5 more articles in the media than Calamos Strategic Total Return Fund. MarketBeat recorded 5 mentions for Novanta and 0 mentions for Calamos Strategic Total Return Fund. Novanta's average media sentiment score of 0.60 beat Calamos Strategic Total Return Fund's score of 0.30 indicating that Novanta is being referred to more favorably in the news media.

Company Overall Sentiment
Calamos Strategic Total Return Fund Neutral
Novanta Positive

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

Novanta has a consensus target price of $194.00, indicating a potential upside of 36.68%. Given Novanta's stronger consensus rating and higher possible upside, analysts clearly believe Novanta is more favorable than Calamos Strategic Total Return Fund.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Calamos Strategic Total Return Fund
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Novanta
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
3.00

Summary

Novanta beats Calamos Strategic Total Return Fund on 11 of the 12 factors compared between the two stocks.

How does Novanta compare to Littelfuse?

Novanta (NASDAQ:NOVT) and Littelfuse (NASDAQ:LFUS) are both technology companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, analyst recommendations, media sentiment, institutional ownership, risk, valuation, profitability and dividends.

Novanta has a net margin of 6.00% compared to Littelfuse's net margin of -0.31%. Littelfuse's return on equity of 13.02% beat Novanta's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta6.00% 10.83% 7.53%
Littelfuse -0.31%13.02%8.32%

Novanta presently has a consensus price target of $194.00, indicating a potential upside of 36.68%. Littelfuse has a consensus price target of $465.83, indicating a potential upside of 12.36%. Given Novanta's stronger consensus rating and higher possible upside, equities analysts plainly believe Novanta is more favorable than Littelfuse.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
3.00
Littelfuse
0 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.67

In the previous week, Novanta had 3 more articles in the media than Littelfuse. MarketBeat recorded 5 mentions for Novanta and 2 mentions for Littelfuse. Littelfuse's average media sentiment score of 0.95 beat Novanta's score of 0.60 indicating that Littelfuse is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Novanta
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Littelfuse
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Novanta has a beta of 1.67, meaning that its share price is 67% more volatile than the broader market. Comparatively, Littelfuse has a beta of 1.47, meaning that its share price is 47% more volatile than the broader market.

Novanta has higher earnings, but lower revenue than Littelfuse. Littelfuse 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
Novanta$980.60M5.47$53.83M$1.5690.99
Littelfuse$2.39B4.41-$71.70M-$0.50N/A

98.4% of Novanta shares are owned by institutional investors. Comparatively, 96.1% of Littelfuse shares are owned by institutional investors. 1.2% of Novanta shares are owned by insiders. Comparatively, 1.0% of Littelfuse shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Summary

Novanta beats Littelfuse on 12 of the 17 factors compared between the two stocks.

How does Novanta compare to Avient?

Novanta (NASDAQ:NOVT) and Avient (NYSE:AVNT) are related mid-cap companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, analyst recommendations, institutional ownership, profitability, valuation, media sentiment, dividends and risk.

In the previous week, Novanta had 1 more articles in the media than Avient. MarketBeat recorded 5 mentions for Novanta and 4 mentions for Avient. Avient's average media sentiment score of 1.03 beat Novanta's score of 0.60 indicating that Avient is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Novanta
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Avient
3 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Novanta presently has a consensus price target of $194.00, suggesting a potential upside of 36.68%. Avient has a consensus price target of $46.71, suggesting a potential upside of 14.85%. Given Novanta's stronger consensus rating and higher probable upside, equities analysts plainly believe Novanta is more favorable than Avient.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
3.00
Avient
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

Novanta has a net margin of 6.00% compared to Avient's net margin of 5.10%. Avient's return on equity of 11.64% beat Novanta's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta6.00% 10.83% 7.53%
Avient 5.10%11.64%4.67%

98.4% of Novanta shares are owned by institutional investors. Comparatively, 95.5% of Avient shares are owned by institutional investors. 1.2% of Novanta shares are owned by insiders. Comparatively, 0.9% of Avient shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Novanta has a beta of 1.67, meaning that its share price is 67% more volatile than the broader market. Comparatively, Avient has a beta of 1.29, meaning that its share price is 29% more volatile than the broader market.

Avient has higher revenue and earnings than Novanta. Avient 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
Novanta$980.60M5.47$53.83M$1.5690.99
Avient$3.33B1.12$81.90M$1.8521.99

Summary

Novanta beats Avient on 11 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

MetricNovantaElectronic Equipment, Instruments & Components IndustryTechnology SectorNASDAQ Exchange
Market Cap$5.41B$9.03B$31.38B$13.28B
Dividend YieldN/A2.25%2.75%12.56%
P/E Ratio91.7826.1079.0425.70
Price / Sales5.4739.83589.9290.62
Price / Cash28.2131.5949.7052.76
Price / Book3.864.638.016.32
Net Income$53.83M$201.36M$702.96M$359.73M
7 Day Performance6.28%1.92%1.45%0.17%
1 Month Performance1.76%-1.82%-1.03%-3.27%
1 Year Performance34.76%813.38%178.57%5.58%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
3.2918 of 5 stars
$141.94
-1.7%
$194.00
+36.7%
+31.0%$5.41B$980.60M91.783,000
ADI
Analog Devices
4.8215 of 5 stars
$361.02
-4.7%
$457.97
+26.9%
+56.1%$183.54B$13.88B42.8324,500
AEIS
Advanced Energy Industries
4.8274 of 5 stars
$254.35
-11.5%
$409.50
+61.0%
+58.2%$11.50B$2.04B47.4513,000
CSQ
Calamos Strategic Total Return Fund
N/A$20.43
-1.9%
N/A+6.7%$0.00$1.06BN/AN/A
LFUS
Littelfuse
3.0483 of 5 stars
$396.23
-8.3%
$465.83
+17.6%
+60.9%$10.98B$2.39BN/A17,000

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This page (NASDAQ:NOVT) was last updated on 9/24/2026 by MarketBeat.com Staff.
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