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Novanta (NOVT) Competitors

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$160.53 -1.88 (-1.16%)
Closing price 06/12/2026 04:00 PM Eastern
Extended Trading
$160.51 -0.02 (-0.01%)
As of 06/12/2026 07:32 PM Eastern
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NOVT vs. ADI, CSQ, LFUS, NDSN, and AVNT

Should you buy Novanta stock or one of its competitors? MarketBeat compares Novanta with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Novanta include Analog Devices (ADI), Calamos Strategic Total Return Fund (CSQ), Littelfuse (LFUS), Nordson (NDSN), and Avient (AVNT).

How does Novanta compare to Analog Devices?

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

Novanta has a beta of 1.67, suggesting that its share price is 67% more volatile than the broader market. Comparatively, Analog Devices has a beta of 1.18, suggesting that its share price is 18% 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$980.60M5.83$53.83M$1.38116.33
Analog Devices$11.02B18.47$2.27B$6.7362.08

Analog Devices has a net margin of 26.01% compared to Novanta's net margin of 5.35%. Analog Devices' return on equity of 14.37% beat Novanta's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta5.35% 12.06% 7.70%
Analog Devices 26.01%14.37%10.13%

98.4% of Novanta shares are held by institutional investors. Comparatively, 86.8% of Analog Devices shares are held by institutional investors. 1.2% of Novanta shares are held by insiders. Comparatively, 0.4% of Analog Devices shares are held by 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 currently has a consensus price target of $180.00, indicating a potential upside of 12.13%. Analog Devices has a consensus price target of $432.71, indicating a potential upside of 3.57%. Given Novanta's higher probable 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)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33
Analog Devices
0 Sell rating(s)
3 Hold rating(s)
26 Buy rating(s)
2 Strong Buy rating(s)
2.97

In the previous week, Analog Devices had 45 more articles in the media than Novanta. MarketBeat recorded 59 mentions for Analog Devices and 14 mentions for Novanta. Analog Devices' average media sentiment score of 1.28 beat Novanta's score of 1.02 indicating that Analog Devices 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)
4 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Analog Devices
46 Very Positive mention(s)
3 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Analog Devices beats Novanta on 12 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 investment? We will compare the two businesses based on the strength of their media sentiment, institutional ownership, earnings, dividends, profitability, risk, valuation and analyst recommendations.

In the previous week, Novanta had 12 more articles in the media than Calamos Strategic Total Return Fund. MarketBeat recorded 14 mentions for Novanta and 2 mentions for Calamos Strategic Total Return Fund. Novanta's average media sentiment score of 1.02 beat Calamos Strategic Total Return Fund's score of 0.43 indicating that Novanta is being referred to more favorably in the media.

Company Overall Sentiment
Novanta Positive
Calamos Strategic Total Return Fund Neutral

Novanta presently has a consensus target price of $180.00, indicating a potential upside of 12.13%. Given Novanta's stronger consensus rating and higher probable upside, equities 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
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

Novanta has a net margin of 5.35% compared to Calamos Strategic Total Return Fund's net margin of 0.00%. Novanta's return on equity of 12.06% beat Calamos Strategic Total Return Fund's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta5.35% 12.06% 7.70%
Calamos Strategic Total Return Fund N/A N/A N/A

Novanta has higher revenue and earnings than Calamos Strategic Total Return Fund.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Novanta$980.60M5.83$53.83M$1.38116.33
Calamos Strategic Total Return Fund$723.74MN/AN/AN/AN/A

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

Summary

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

How does Novanta compare to Littelfuse?

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

In the previous week, Novanta had 3 more articles in the media than Littelfuse. MarketBeat recorded 14 mentions for Novanta and 11 mentions for Littelfuse. Littelfuse's average media sentiment score of 1.13 beat Novanta's score of 1.02 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)
4 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Littelfuse
8 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Novanta presently has a consensus target price of $180.00, indicating a potential upside of 12.13%. Littelfuse has a consensus target price of $465.83, indicating a potential downside of 1.34%. Given Novanta's higher probable upside, equities 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
1 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.83

Novanta has a beta of 1.67, meaning that its stock price is 67% more volatile than the broader market. Comparatively, Littelfuse has a beta of 1.48, meaning that its stock price is 48% more volatile than the broader market.

Novanta has a net margin of 5.35% compared to Littelfuse's net margin of -1.61%. Novanta's return on equity of 12.06% beat Littelfuse's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta5.35% 12.06% 7.70%
Littelfuse -1.61%11.62%7.39%

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 company insiders. Comparatively, 1.0% of Littelfuse shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments 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$980.60M5.83$53.83M$1.38116.33
Littelfuse$2.39B5.00-$71.70M-$1.69N/A

Summary

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

How does Novanta compare to Nordson?

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

Nordson presently has a consensus price target of $311.29, suggesting a potential upside of 8.01%. Novanta has a consensus price target of $180.00, suggesting a potential upside of 12.13%. Given Novanta's higher probable upside, analysts clearly believe Novanta is more favorable than Nordson.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nordson
0 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.56
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33

In the previous week, Novanta had 5 more articles in the media than Nordson. MarketBeat recorded 14 mentions for Novanta and 9 mentions for Nordson. Nordson's average media sentiment score of 1.38 beat Novanta's score of 1.02 indicating that Nordson is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nordson
6 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Novanta
5 Very Positive mention(s)
4 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

72.1% of Nordson shares are held by institutional investors. Comparatively, 98.4% of Novanta shares are held by institutional investors. 0.8% of Nordson shares are held by company insiders. Comparatively, 1.2% of Novanta shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Nordson has a net margin of 18.19% compared to Novanta's net margin of 5.35%. Nordson's return on equity of 20.08% beat Novanta's return on equity.

Company Net Margins Return on Equity Return on Assets
Nordson18.19% 20.08% 10.39%
Novanta 5.35%12.06%7.70%

Nordson has a beta of 0.97, suggesting that its stock price is 3% less volatile than the broader market. Comparatively, Novanta has a beta of 1.67, suggesting that its stock price is 67% more volatile than the broader market.

Nordson has higher revenue and earnings than Novanta. Nordson 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
Nordson$2.79B5.75$484.47M$9.3830.73
Novanta$980.60M5.83$53.83M$1.38116.33

Summary

Nordson beats Novanta on 9 of the 16 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 better investment? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, earnings, media sentiment, profitability, dividends, risk and institutional ownership.

Novanta has a net margin of 5.35% compared to Avient's net margin of 4.81%. Novanta's return on equity of 12.06% beat Avient's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta5.35% 12.06% 7.70%
Avient 4.81%11.11%4.40%

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

Novanta currently has a consensus target price of $180.00, suggesting a potential upside of 12.13%. Avient has a consensus target price of $45.71, suggesting a potential upside of 20.97%. Given Avient's stronger consensus rating and higher probable upside, analysts clearly believe Avient is more favorable than Novanta.

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
Avient
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43

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$980.60M5.83$53.83M$1.38116.33
Avient$3.26B1.06$81.90M$1.7221.97

In the previous week, Novanta had 13 more articles in the media than Avient. MarketBeat recorded 14 mentions for Novanta and 1 mentions for Avient. Novanta's average media sentiment score of 1.02 beat Avient's score of 0.67 indicating that Novanta is being referred to more favorably in the media.

Company Overall Sentiment
Novanta Positive
Avient Positive

Novanta has a beta of 1.67, suggesting that its share price is 67% more volatile than the broader market. Comparatively, Avient has a beta of 1.28, suggesting that its share price is 28% more volatile than the broader market.

Summary

Novanta beats Avient on 10 of the 16 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$5.72B$7.65B$39.02B$12.07B
Dividend YieldN/A1.51%3.16%5.67%
P/E Ratio116.3350.33171.8724.42
Price / Sales5.834.09633.09109.98
Price / Cash31.4131.7749.0237.92
Price / Book4.374.349.816.83
Net Income$53.83M$191.44M$1.07B$337.67M
7 Day Performance2.71%1.43%0.73%2.68%
1 Month Performance3.10%6.57%4.84%1.56%
1 Year Performance31.37%81.04%160.29%30.59%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
2.9229 of 5 stars
$160.53
-1.2%
$180.00
+12.1%
+31.4%$5.72B$980.60M116.333,000
ADI
Analog Devices
4.5637 of 5 stars
$403.89
+0.6%
$432.71
+7.1%
+85.7%$195.51B$11.02B60.0124,500
CSQ
Calamos Strategic Total Return Fund
N/A$19.89
-0.4%
N/A+15.7%$0.00$723.74MN/AN/A
LFUS
Littelfuse
4.0454 of 5 stars
$464.34
+1.5%
$465.83
+0.3%
+118.4%$11.57B$2.39BN/A17,000
NDSN
Nordson
4.3598 of 5 stars
$282.21
-0.2%
$311.29
+10.3%
+34.5%$15.75B$2.79B30.098,000

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This page (NASDAQ:NOVT) was last updated on 6/14/2026 by MarketBeat.com Staff.
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