Go Pro

Novanta (NOVT) Competitors

Novanta logo
$166.58 -0.67 (-0.40%)
Closing price 08/14/2026 04:00 PM Eastern
Extended Trading
$166.52 -0.06 (-0.03%)
As of 08/14/2026 07:34 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 Massive. Learn more.

NOVT vs. ADI, CSQ, LFUS, AVNT, and BC

Should you buy Novanta stock or one of its competitors? Novanta's main competitors and comparable companies include Analog Devices (ADI), Calamos Strategic Total Return Fund (CSQ), Littelfuse (LFUS), Avient (AVNT), and Brunswick (BC). 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 better business? We will compare the two businesses based on the strength of their valuation, risk, analyst recommendations, earnings, dividends, institutional ownership, media sentiment and profitability.

In the previous week, Analog Devices had 20 more articles in the media than Novanta. MarketBeat recorded 27 mentions for Analog Devices and 7 mentions for Novanta. Novanta's average media sentiment score of 0.73 beat Analog Devices' score of 0.68 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
14 Very Positive mention(s)
3 Positive mention(s)
6 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive
Novanta
2 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

86.8% of Analog Devices shares are held by institutional investors. Comparatively, 98.3% of Novanta shares are held by institutional investors. 0.4% 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 large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Analog Devices presently has a consensus price target of $441.00, suggesting a potential upside of 13.25%. Novanta has a consensus price target of $194.00, suggesting a potential upside of 16.46%. 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)
4 Hold rating(s)
23 Buy rating(s)
2 Strong Buy rating(s)
2.93
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33

Analog Devices has a net margin of 26.01% compared to Novanta's net margin of 6.00%. Analog Devices' return on equity of 14.37% beat Novanta's return on equity.

Company Net Margins Return on Equity Return on Assets
Analog Devices26.01% 14.37% 10.13%
Novanta 6.00%10.83%7.53%

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$11.02B17.21$2.27B$6.7357.86
Novanta$1.03B6.12$53.83M$1.56106.78

Analog Devices has a beta of 1.2, indicating that its stock price is 20% more volatile than the broader market. Comparatively, Novanta has a beta of 1.68, indicating that its stock price is 68% more volatile than the broader market.

Summary

Analog Devices beats Novanta on 11 of the 17 factors compared between the two stocks.

How does Novanta compare to Calamos Strategic Total Return Fund?

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

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Novanta$1.03B6.12$53.83M$1.56106.78
Calamos Strategic Total Return Fund$1.06BN/AN/AN/AN/A

Novanta currently has a consensus target price of $194.00, suggesting a potential upside of 16.46%. Given Novanta's stronger consensus rating and higher probable upside, equities research 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
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33
Calamos Strategic Total Return Fund
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

98.3% of Novanta shares are held by institutional investors. 1.2% of Novanta shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

In the previous week, Novanta had 5 more articles in the media than Calamos Strategic Total Return Fund. MarketBeat recorded 7 mentions for Novanta and 2 mentions for Calamos Strategic Total Return Fund. Calamos Strategic Total Return Fund's average media sentiment score of 1.89 beat Novanta's score of 0.73 indicating that Calamos Strategic Total Return Fund 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)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Calamos Strategic Total Return Fund
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

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
Novanta6.00% 10.83% 7.53%
Calamos Strategic Total Return Fund N/A N/A N/A

Summary

Novanta beats Calamos Strategic Total Return Fund on 9 of the 11 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 business? We will contrast the two businesses based on the strength of their profitability, dividends, institutional ownership, risk, valuation, media sentiment, earnings and analyst recommendations.

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$1.03B6.12$53.83M$1.56106.78
Littelfuse$2.39B4.87-$71.70M-$0.50N/A

Novanta presently has a consensus price target of $194.00, suggesting a potential upside of 16.46%. Littelfuse has a consensus price target of $465.83, suggesting a potential upside of 1.81%. Given Novanta's higher probable upside, research analysts clearly believe Novanta is more favorable than Littelfuse.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33
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%

98.3% of Novanta shares are held by institutional investors. Comparatively, 96.1% of Littelfuse shares are held by institutional investors. 1.2% of Novanta shares are held by company insiders. Comparatively, 1.0% of Littelfuse shares are held 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.

Novanta has a beta of 1.68, meaning that its share price is 68% more volatile than the broader market. Comparatively, Littelfuse has a beta of 1.49, meaning that its share price is 49% more volatile than the broader market.

In the previous week, Novanta and Novanta both had 7 articles in the media. Littelfuse's average media sentiment score of 1.30 beat Novanta's score of 0.73 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)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Littelfuse
5 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Novanta beats Littelfuse on 9 of the 15 factors compared between the two stocks.

How does Novanta compare to Avient?

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

95.5% of Avient shares are owned by institutional investors. Comparatively, 98.3% of Novanta shares are owned by institutional investors. 0.9% of Avient shares are owned by insiders. Comparatively, 1.2% of Novanta 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.

In the previous week, Avient had 1 more articles in the media than Novanta. MarketBeat recorded 8 mentions for Avient and 7 mentions for Novanta. Avient's average media sentiment score of 0.80 beat Novanta's score of 0.73 indicating that Avient is being referred to more favorably in the media.

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

Avient currently has a consensus target price of $46.71, suggesting a potential upside of 0.93%. Novanta has a consensus target price of $194.00, suggesting a potential upside of 16.46%. Given Novanta's higher possible upside, analysts clearly believe Novanta is more favorable than Avient.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Avient
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33

Avient has a beta of 1.27, indicating that its stock price is 27% more volatile than the broader market. Comparatively, Novanta has a beta of 1.68, indicating that its stock price is 68% 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
Avient$3.26B1.30$81.90M$1.8525.02
Novanta$1.03B6.12$53.83M$1.56106.78

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
Avient5.10% 11.64% 4.67%
Novanta 6.00%10.83%7.53%

Summary

Avient and Novanta tied by winning 8 of the 16 factors compared between the two stocks.

How does Novanta compare to Brunswick?

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

98.3% of Novanta shares are held by institutional investors. Comparatively, 99.3% of Brunswick shares are held by institutional investors. 1.2% of Novanta shares are held by company insiders. Comparatively, 1.0% of Brunswick shares are held by company 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 presently has a consensus price target of $194.00, suggesting a potential upside of 16.46%. Brunswick has a consensus price target of $88.00, suggesting a potential upside of 6.68%. Given Novanta's higher possible upside, analysts plainly believe Novanta is more favorable than Brunswick.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33
Brunswick
1 Sell rating(s)
7 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.47

Novanta has a beta of 1.68, indicating that its share price is 68% more volatile than the broader market. Comparatively, Brunswick has a beta of 1.33, indicating that its share price is 33% more volatile than the broader market.

In the previous week, Brunswick had 1 more articles in the media than Novanta. MarketBeat recorded 8 mentions for Brunswick and 7 mentions for Novanta. Brunswick's average media sentiment score of 1.05 beat Novanta's score of 0.73 indicating that Brunswick 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)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Brunswick
5 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Novanta has higher earnings, but lower revenue than Brunswick. Brunswick 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$1.03B6.12$53.83M$1.56106.78
Brunswick$5.36B1.00-$137.30M-$1.31N/A

Novanta has a net margin of 6.00% compared to Brunswick's net margin of -1.53%. Brunswick's return on equity of 15.28% beat Novanta's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta6.00% 10.83% 7.53%
Brunswick -1.53%15.28%4.60%

Summary

Novanta beats Brunswick on 9 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.

Subscribe Now
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

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

MetricNovantaElectronic Equipment, Instruments & Components IndustryTechnology SectorNASDAQ Exchange
Market Cap$6.33B$9.49B$30.69B$13.10B
Dividend YieldN/A2.24%2.73%10.45%
P/E Ratio106.7835.9375.5325.28
Price / Sales6.1252.07602.1591.83
Price / Cash32.7238.5153.7250.90
Price / Book3.905.349.576.24
Net Income$53.83M$198.40M$681.19M$347.60M
7 Day Performance0.13%2.07%1.42%1.06%
1 Month Performance13.44%2.78%2.75%0.81%
1 Year Performance44.89%843.53%199.68%20.90%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
2.1406 of 5 stars
$166.58
-0.4%
$194.00
+16.5%
+41.0%$6.33B$1.03B106.783,000
ADI
Analog Devices
4.9715 of 5 stars
$383.92
-1.5%
$441.00
+14.9%
+64.8%$189.93B$11.02B57.0524,500
CSQ
Calamos Strategic Total Return Fund
N/A$21.02
+0.5%
N/A+13.2%$0.00$1.06BN/AN/A
LFUS
Littelfuse
2.9445 of 5 stars
$455.18
-0.3%
$465.83
+2.3%
+78.5%$11.60B$2.39BN/A17,000
AVNT
Avient
2.9853 of 5 stars
$45.35
-0.7%
$46.71
+3.0%
+28.0%$4.19B$3.26B24.519,000

Related Companies and Tools


This page (NASDAQ:NOVT) was last updated on 8/15/2026 by MarketBeat.com Staff.
From Our Partners