Novanta (NOVT)
Precision motion, laser, robotics and surgical technologies for medical and industrial equipment makers.
Something off on this page? Send us feedback.
Supplies precision components, subsystems and surgical consumables to medical, life science and advanced-industrial OEMs through Automation Enabling Technologies and Medical Solutions. Revenue comes mainly from engineered placements in long-life equipment platforms, with meaningful exposure to a small number of medical customers.
Supplies precision components, subsystems and consumables to medical, life science and advanced-industrial equipment makers. Automation Enabling Technologies spans laser beam steering and sources, robotic and precision motion, end-of-arm tooling and air-bearing spindles. Medical Solutions covers insufflators, endoscopic pumps and disposables, imaging and RFID, motion control, light engines and integrated operating-room systems; Riverpoint adds surgical fibers and related minimally invasive consumables.
Wins long-cycle OEM placements by tailoring proprietary hardware and software to demanding applications, then sells mainly through technical direct-sales teams. Operations and customers span North America, Europe and Asia, with manufacturing distributed across those regions.
Revenue depends on OEM design cycles, hospital and industrial capital spending, medical-device regulation and acquisition integration. A small number of medical OEM customers account for a meaningful share of sales.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 7, 2026 | Robert W. Baird | Target | Target: $180 | Target: $194 |
| Jun 9, 2026 | Robert W. Baird | Target | Target: $150 | Target: $180 |
| Mar 30, 2026 | Baird | Upgrade | ||
| Feb 25, 2026 | Robert W. Baird | Target | Target: $160 | Target: $150 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 3, 2026Cash & short-term investments $718.7M · Total debt $282.8M · Total assets $2.14B · Shareholders' equity $1.62B
- Revenue
- $265.8M
- Operating income
- $18.1M
- Net income
- $12.5M
No dividends on record.
| Institutions | ≈ 117.50% | 44.44M shares | |
|---|---|---|---|
| 408 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.57% | 214.4K shares | |
| 13 holders · as of Sep 15, 2026 | |||
| Strategic holders | 4.61% | 1.74M shares | |
| 1 holder · as of Feb 4, 2020 | |||
| Adds to | 122.68% | ||
37.82M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 122.68%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.69% | 4.80M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.33% | 2.40M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 5.88% | 2.22M | as of Jun 30, 2026 |
Allspring Global Investments Holdings, LLCInstitution | 4.81% | 1.82M | as of Jun 30, 2026 |
Wells Fargo & CompanyStrategic | 4.61% | 1.74M | filed Feb 4, 2020 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Thomas N. Secor | director | −663 | $147.60 |
| Jul 2, 2026 | Matthijs Glastra | director, officer: Chief Executive Officer | −6,500 | $161.13 |
| Jun 2, 2026 | Matthijs Glastra | director, officer: Chief Executive Officer | −6,500 | $168.66 |
| May 12, 2026 | Matthijs Glastra | director, officer: Chief Executive Officer | −7,500 | $150.43 |
| May 5, 2026 | Matthijs Glastra | director, officer: Chief Executive Officer | −6,500 | $131.13 |
- MKS
Broad photonics and motion overlap in industrial OEM subsystems
- Coherent
Laser and optics scale competitor across precision applications
- Stryker
Surgical visualization and insufflation rival in the OR
- Zebra Technologies
RFID, barcode, and machine-vision overlap in asset automation
- Cognex
Machine vision and barcode rival in automation workflows
- Teledyne Technologies
Imaging, sensors, and instrumentation peer for OEM systems
- Allient
Precision motion rival in medical and industrial equipment
- IPG Photonics
Fiber-laser specialist competing in laser-source niches
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Novanta | $136.61 | +1.71% | $4.78B | 86.1 | 34.2 | 4.6 | +10.3% |
| MKS | $258.23 | +0.51% | $17.35B | 41.0 | 16.5 | 4.0 | +28.3% |
| Coherent | $312.22 | −2.89% | $62.90B | 78.2 | 33.4 | 8.8 | +33.7% |
| Stryker | $275.97 | +0.65% | $105.11B | 28.4 | 17.2 | 4.1 | +9.4% |
| Zebra Technologies | $351.24 | +0.11% | $16.71B | 33.0 | 16.8 | 2.9 | +20.4% |
| Cognex | $59.51 | −4.00% | $10.32B | 60.2 | 31.9 | 9.5 | +16.9% |
| Teledyne Technologies | $607.58 | −0.25% | $28.23B | 29.4 | 23.8 | 4.4 | +9.8% |
| Allient | $110.62 | +1.16% | $1.86B | 64.3 | 36.1 | 3.2 | +10.2% |
| IPG Photonics | $78.17 | +0.53% | $3.30B | 119.6 | 41.2 | 3.1 | +11.1% |
| Median | 50.6 | 27.8 | 4.0 | +14.0% |