$NOVT

NOVANTA INC

No enriched coverage for $NOVT in the last 7 days.

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Novanta Inc. $NOVT Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB significantly increased its stake in Novanta Inc. (NASDAQ:NOVT) by 92.1% during the fourth quarter, now owning 175,888 shares valued at $20.93 million. Other institutional investors like AQR Capital Management, Goldman Sachs Group Inc., and Jane Street Group LLC also adjusted their positions in the technology company. Despite some insider selling, the company's stock is currently trading up 4.1% and analysts maintain a "Hold" rating with a consensus target price of $173.00.

Medical devices maker to close Mukilteo plant, move work out of US

Novanta, a medical devices maker, plans to close its 72,420-square-foot facility in Mukilteo, Washington, and relocate the work to the United Kingdom. This move will result in the layoff of 83 employees and is part of the company's strategy to reduce complexity and scale operations. The announcement was made by Neetish Basnet for the Puget Sound Business Journal.

Novanta Inc (NOVT) Shares Fall 6.3% -- What GF Score of 92 Tells Investors

Novanta Inc (NOVT) shares recently fell 6.3% on April 29, 2026, despite an overall positive performance over the past year. The company is deemed significantly undervalued by GuruFocus's GF Value™ and holds a strong GF Score™ of 92/100, indicating good long-term potential. However, insider selling totaling $5.1 million over the last three months raises a note of caution for potential investors.

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