Novanta (NOVT)

• Market cap: $4.42B
• 1 day: -3.45%
• 5 days: -1.68%
• 1 month: -6.67%
• 3 months: -3.72%
• 6 months: -19.91%
• Year to date: -21.33%
• 1 year: -34.96%
• 5 years: 9.76%
• 10 years: 693.12%
• Sector: Technology
• Industry: Scientific & Technical Instruments

About: Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in two segments: Automation Enabling Technologies and Medical Solutions. It generates the majority of its revenue from the Medical Solutions segment that designs, manufactures, and markets a range of medical-grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; and wireless technologies. The firm generates the majority of its revenue from the United States and Europe.

Employees: 3,000

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

32% more repeat investments, than reductions

Existing positions increased: 132 | Existing positions reduced: 100

5% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 43

0% less capital invested

Capital invested by funds: $4.52B [Q1] → $4.51B (-$5.67M) [Q2]

1.01% less ownership

Funds ownership: 98.22% [Q1] → 97.22% (-1.01%) [Q2]

2% less funds holding

Funds holding: 321 [Q1] → 316 (-5) [Q2]

85% less call options, than puts

Call options by funds: $247K | Put options by funds: $1.7M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $133 12% upside
• Avg. target: $133 12% upside
• High target: $133 12% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Baird Robert Mason

12% upside $133

Neutral Maintained

11 Aug 2025