Rep. Lisa C. McClain Sells Off Shares of Novanta Inc. (NASDAQ:NOVT)

Representative Lisa C. McClain (R-Michigan) recently sold shares of Novanta Inc. (NASDAQ:NOVT). In a filing disclosed on September 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Novanta stock on August 4th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $50,001 – $100,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 8/28/2025.
• Purchased $1,001 – $15,000 in shares of ACI Worldwide (NASDAQ:ACIW) on 8/19/2025.
• Purchased $1,001 – $15,000 in shares of HCA Healthcare (NYSE:HCA) on 8/19/2025.
• Sold $1,001 – $15,000 in shares of Amedisys (NASDAQ:AMED) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Kite Realty Group Trust (NYSE:KRG) on 8/13/2025.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 8/13/2025.
• Purchased $1,001 – $15,000 in shares of JD.com (NASDAQ:JD) on 8/13/2025.
• Sold $1,001 – $15,000 in shares of Trade Desk (NASDAQ:TTD) on 8/13/2025.
• Sold $1,001 – $15,000 in shares of US Foods (NYSE:USFD) on 8/13/2025.
• Purchased $1,001 – $15,000 in shares of Agree Realty (NYSE:ADC) on 8/13/2025.

Novanta Price Performance

NOVT stock traded down $0.61 during mid-day trading on Monday, hitting $114.09. The company had a trading volume of 28,266 shares, compared to its average volume of 297,276. The company has a quick ratio of 1.62, a current ratio of 2.54 and a debt-to-equity ratio of 0.57. Novanta Inc. has a 12-month low of $98.76 and a 12-month high of $184.11. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 67.00 and a beta of 1.50. The company has a 50-day moving average price of $118.95 and a 200 day moving average price of $122.82.

Novanta (NASDAQ:NOVT) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Novanta had a return on equity of 14.70% and a net margin of 6.41%.The company had revenue of $241.05 million for the quarter, compared to analyst estimates of $237.97 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Novanta has set its FY 2025 guidance at 3.220-3.360 EPS. Q3 2025 guidance at 0.780-0.850 EPS. On average, research analysts anticipate that Novanta Inc. will post 3.03 earnings per share for the current year.

Novanta declared that its board has authorized a share repurchase plan on Thursday, September 18th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 4.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NOVT shares. Robert W. Baird lowered their target price on shares of Novanta from $139.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, August 11th. Wall Street Zen lowered Novanta from a “buy” rating to a “hold” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $133.00.

Institutional Investors Weigh In On Novanta

Hedge funds have recently bought and sold shares of the business. State of Michigan Retirement System grew its stake in Novanta by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,600 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Novanta by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the technology company’s stock valued at $1,291,000 after acquiring an additional 100 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Novanta by 4.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,376 shares of the technology company’s stock valued at $304,000 after buying an additional 103 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Novanta by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 4,201 shares of the technology company’s stock valued at $537,000 after purchasing an additional 105 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Novanta by 4.4% during the 4th quarter. State of Wyoming now owns 2,536 shares of the technology company’s stock worth $387,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Novanta Company Profile

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.