State of Wyoming Invests $731,000 in Novanta Inc. $NOVT

State of Wyoming acquired a new stake in shares of Novanta Inc. (NASDAQ:NOVT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,506 shares of the technology company’s stock, valued at approximately $731,000.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp increased its position in Novanta by 12.8% during the 1st quarter. Fifth Third Bancorp now owns 778 shares of the technology company’s stock valued at $92,000 after buying an additional 88 shares in the last quarter. Assetmark Inc. boosted its holdings in Novanta by 22.4% in the fourth quarter. Assetmark Inc. now owns 541 shares of the technology company’s stock worth $64,000 after acquiring an additional 99 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Novanta by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,600 shares of the technology company’s stock worth $1,016,000 after acquiring an additional 100 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Novanta by 9.0% during the first quarter. HB Wealth Management LLC now owns 1,989 shares of the technology company’s stock worth $235,000 after acquiring an additional 164 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Novanta by 1.6% during the first quarter. Quantinno Capital Management LP now owns 10,746 shares of the technology company’s stock worth $1,269,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Ratings Changes

NOVT has been the subject of several research analyst reports. Wall Street Zen raised shares of Novanta from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Novanta in a research report on Wednesday, July 15th. Finally, Robert W. Baird set a $194.00 target price on shares of Novanta in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Novanta presently has a consensus rating of “Hold” and a consensus target price of $194.00.

Insider Buying and Selling

In related news, CEO Matthijs Glastra sold 6,500 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $161.13, for a total value of $1,047,345.00. Following the transaction, the chief executive officer owned 29,761 shares in the company, valued at approximately $4,795,389.93. This represents a 17.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by corporate insiders.

Novanta Stock Performance

Shares of NOVT stock opened at $166.58 on Monday. The business has a fifty day moving average of $154.32 and a 200 day moving average of $142.67. Novanta Inc. has a 1 year low of $98.27 and a 1 year high of $176.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.57 and a quick ratio of 3.79. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 106.78 and a beta of 1.68.

Novanta (NASDAQ:NOVT) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.06. The business had revenue of $265.81 million for the quarter, compared to the consensus estimate of $262.30 million. Novanta had a return on equity of 10.83% and a net margin of 6.00%.The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Novanta has set its FY 2026 guidance at 3.680-3.740 EPS and its Q3 2026 guidance at 0.950-1.000 EPS. As a group, research analysts expect that Novanta Inc. will post 3.7 earnings per share for the current year.

Novanta Profile

Novanta, Inc (NASDAQ: NOVT) is a global technology company that designs and manufactures precision components, subsystems and software used in advanced photonics and motion control applications. The company serves customers in the medical device and advanced industrial markets, supplying critical technologies for diagnostics and therapeutic systems, semiconductor and electronics manufacturing, and scientific instrumentation. Novanta’s product portfolio includes laser control modules, optics, beam delivery systems, high-precision motors, actuators, stages, and fluidics solutions designed to meet stringent accuracy and reliability requirements.

Novanta’s Photonics segment delivers laser and energy delivery components that enable minimally invasive surgical procedures and diagnostic imaging.