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Novanta (NOVT) Competitors

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$147.24 +2.72 (+1.88%)
Closing price 09/3/2026 04:00 PM Eastern
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$148.31 +1.07 (+0.73%)
As of 07:00 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?

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

Analog Devices currently has a consensus target price of $454.63, suggesting a potential upside of 27.53%. Novanta has a consensus target price of $194.00, suggesting a potential upside of 31.76%. Given Novanta's higher possible upside, analysts clearly 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)
2 Hold rating(s)
26 Buy rating(s)
2 Strong Buy rating(s)
3.00
Novanta
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
3.00

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

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
Analog Devices29.79% 16.39% 11.49%
Novanta 6.00%10.83%7.53%

86.8% of Analog Devices shares are owned by institutional investors. Comparatively, 98.4% of Novanta shares are owned by institutional investors. 0.4% of Analog Devices shares are owned by company insiders. Comparatively, 1.2% of Novanta shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

In the previous week, Analog Devices had 28 more articles in the media than Novanta. MarketBeat recorded 34 mentions for Analog Devices and 6 mentions for Novanta. Novanta's average media sentiment score of 1.47 beat Analog Devices' score of 1.39 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
28 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Novanta
5 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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$11.02B15.68$2.27B$8.4342.29
Novanta$980.60M5.68$53.83M$1.5694.38

Summary

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

How does Novanta compare to Advanced Energy Industries?

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

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
Advanced Energy Industries$1.80B6.11$148.40M$5.3651.18
Novanta$980.60M5.68$53.83M$1.5694.38

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

99.7% of Advanced Energy Industries shares are held by institutional investors. Comparatively, 98.4% of Novanta shares are held by institutional investors. 1.3% of Advanced Energy Industries 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 stock is poised for long-term growth.

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
Advanced Energy Industries10.77% 20.75% 10.39%
Novanta 6.00%10.83%7.53%

In the previous week, Advanced Energy Industries had 10 more articles in the media than Novanta. MarketBeat recorded 16 mentions for Advanced Energy Industries and 6 mentions for Novanta. Novanta's average media sentiment score of 1.47 beat Advanced Energy Industries' score of 1.38 indicating that Novanta is being referred to more favorably in the news media.

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

Advanced Energy Industries currently has a consensus price target of $409.50, indicating a potential upside of 49.29%. Novanta has a consensus price target of $194.00, indicating a potential upside of 31.76%. Given Advanced Energy Industries' higher possible upside, research analysts clearly believe Advanced Energy Industries is more favorable than Novanta.

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

Summary

Advanced Energy Industries beats Novanta on 12 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 analyst recommendations, risk, dividends, valuation, earnings, media sentiment, institutional ownership and profitability.

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$980.60M5.68$53.83M$1.5694.38

Novanta has a consensus price target of $194.00, indicating a potential upside of 31.76%. Given Novanta's stronger consensus rating and higher possible upside, analysts plainly 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

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

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%

In the previous week, Novanta had 3 more articles in the media than Calamos Strategic Total Return Fund. MarketBeat recorded 6 mentions for Novanta and 3 mentions for Calamos Strategic Total Return Fund. Novanta's average media sentiment score of 1.47 beat Calamos Strategic Total Return Fund's score of 0.56 indicating that Novanta is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Calamos Strategic Total Return Fund
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Novanta
5 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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 businesses based on the strength of their institutional ownership, valuation, risk, media sentiment, profitability, dividends, earnings and analyst recommendations.

In the previous week, Littelfuse had 5 more articles in the media than Novanta. MarketBeat recorded 11 mentions for Littelfuse and 6 mentions for Novanta. Littelfuse's average media sentiment score of 1.56 beat Novanta's score of 1.47 indicating that Littelfuse is being referred to more favorably in the news media.

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

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 hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

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$980.60M5.68$53.83M$1.5694.38
Littelfuse$2.39B4.41-$71.70M-$0.50N/A

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 currently has a consensus target price of $194.00, suggesting a potential upside of 31.76%. Littelfuse has a consensus target price of $465.83, suggesting a potential upside of 12.45%. 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

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%

Summary

Novanta beats Littelfuse on 11 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 investment? We will compare the two companies based on the strength of their risk, analyst recommendations, earnings, valuation, profitability, dividends, media sentiment and institutional ownership.

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

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%

In the previous week, Novanta had 2 more articles in the media than Avient. MarketBeat recorded 6 mentions for Novanta and 4 mentions for Avient. Novanta's average media sentiment score of 1.47 beat Avient's score of 1.04 indicating that Novanta is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Novanta
5 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Avient
4 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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$980.60M5.68$53.83M$1.5694.38
Avient$3.26B1.21$81.90M$1.8523.25

Novanta currently has a consensus target price of $194.00, indicating a potential upside of 31.76%. Avient has a consensus target price of $46.71, indicating a potential upside of 8.59%. Given Novanta's stronger consensus rating and higher possible upside, equities research analysts clearly 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 beta of 1.67, indicating that its share price is 67% more volatile than the broader market. Comparatively, Avient has a beta of 1.29, indicating that its share price is 29% more volatile than the broader market.

Summary

Novanta beats Avient on 12 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$5.47B$8.62B$29.51B$12.73B
Dividend YieldN/A2.24%2.73%8.86%
P/E Ratio94.3923.7875.7725.25
Price / Sales5.6840.19592.1597.66
Price / Cash28.2830.7247.3252.26
Price / Book3.455.039.296.14
Net Income$53.83M$203.26M$678.51M$349.01M
7 Day Performance3.54%-0.59%-0.79%-0.31%
1 Month Performance-7.68%-2.94%-0.97%0.64%
1 Year Performance27.65%818.08%185.96%14.83%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
3.7354 of 5 stars
$147.24
+1.9%
$194.00
+31.8%
+30.8%$5.47B$980.60M94.393,000
ADI
Analog Devices
4.9912 of 5 stars
$362.14
+0.1%
$454.63
+25.5%
+45.8%$175.31B$11.02B42.9624,500
AEIS
Advanced Energy Industries
4.9343 of 5 stars
$276.86
+1.5%
$409.50
+47.9%
+88.8%$10.93B$1.80B51.6513,000
CSQ
Calamos Strategic Total Return Fund
N/A$20.94
-0.1%
N/A+13.5%$0.00$1.06BN/AN/A
LFUS
Littelfuse
3.7453 of 5 stars
$412.18
+1.7%
$465.83
+13.0%
+62.8%$10.30B$2.39BN/A17,000

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This page (NASDAQ:NOVT) was last updated on 9/4/2026 by MarketBeat.com Staff.
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