NOVANTA INC (NOVT)

Novanta, Inc. engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products. The Vision segment offers a range of medical grade technologies, including medical insufflators, pumps and related disposables, surgical displays and operating room integration technologies, optical data collection and machine vision technologies, radio frequency identification technologies, thermal printers, spectrometry technologies, and embedded touch screen solutions. The Precision Motion segment includes optical encoders, precision motor and motion control technology, air bearing spindles, and precision machined components to customers. The company was founded in 1968 and is headquartered in Bedford, MA.

Address

125 MIDDLESEX TURNPIKE
BEDFORD, MA 01730

Founded

1968

Number of Employees

2,900

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
- $1,626 $1,634 $370 $5,850 $9,997 $5,500 - $10,000 - - $4,997
Average Price - $13.29 $14.92 $26.41 $65.43 $83.69 $84.55 - $118.87 - - $57.92
# Shares Purchased - 122,423 109,470 14,000 89,417 119,464 65,048 - 84,126 - - 86,278
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - 1,187.1% 1,045.7% 547.5% 161.4% 104.3% 102.2% - 43.9% - - 195.3%
S&P 500 Return to Date - 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% - 37.3% - - 111.6%
Excess Total Return - 1,014.1% 877.1% 417.8% 56.5% 11.2% 27.4% - 6.6% - - 83.6%
Quartile Rank
Percentile Rank - 98% 98% 97% 83% 76% 74% - 76% - - 93%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

Insider Transactions

Filters

Keyboard Shortcuts: Show (a) | Close (Esc)