Novanta (NOVT)

• Market cap: $5.05B
• 1 day: -1.60%
• 5 days: -4.50%
• 1 month: -7.07%
• 3 months: -14.70%
• 6 months: -23.12%
• Year to date: -6.90%
• 1 year: -10.78%
• 5 years: 49.46%
• 10 years: 838.61%
• Sector: Industrials
• Industry: Miscellaneous Electrical Machinery, Equipment & Supplies

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 three segments: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation. 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: 2,900

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

66% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 29

5% more funds holding

Funds holding: 284 [Q3] → 298 (+14) [Q4]

0.06% less ownership

Funds ownership: 99.2% [Q3] → 99.14% (-0.06%) [Q4]

15% less capital invested

Capital invested by funds: $6.37B [Q3] → $5.44B (-$934M) [Q4]

21% less repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 116

67% less call options, than puts

Call options by funds: $1.97M | Put options by funds: $5.9M

100% less funds holding in top 10

Funds holding in top 10: 2 [Q3] → 0 (-2) [Q4]