Rep. Gilbert Ray Cisneros, Jr. Buys Novanta Inc. (NASDAQ:NOVT) Stock

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Novanta Inc. (NASDAQ:NOVT). In a filing disclosed on December 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Novanta stock on November 13th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of First Watch Restaurant Group (NASDAQ:FWRG) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of TKO Group (NYSE:TKO) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 11/24/2025.
• Purchased $1,001 – $15,000 in shares of Logan Energy (CVE:LGN) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Primoris Services (NASDAQ:PRIM) on 11/24/2025.
• Purchased $15,001 – $50,000 in shares of LandBridge (NYSE:LB) on 11/21/2025.
• Purchased $50,001 – $100,000 in shares of LandBridge (NYSE:LB) on 11/20/2025.

Novanta Stock Performance

Shares of NOVT opened at $119.81 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.54 and a current ratio of 2.51. The stock has a 50 day moving average price of $113.87 and a two-hundred day moving average price of $117.58. The firm has a market capitalization of $4.29 billion, a P/E ratio of 81.50 and a beta of 1.59. Novanta Inc. has a 52 week low of $98.27 and a 52 week high of $167.85.

Novanta (NASDAQ:NOVT) last posted its earnings results on Monday, November 3rd. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Novanta had a return on equity of 14.53% and a net margin of 5.50%.The company had revenue of $247.84 million for the quarter, compared to analyst estimates of $245.95 million. During the same quarter last year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Novanta has set its FY 2025 guidance at 3.240-3.300 EPS and its Q4 2025 guidance at 0.870-0.930 EPS. Equities analysts forecast that Novanta Inc. will post 3.03 earnings per share for the current fiscal year.

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

Institutional Investors Weigh In On Novanta

A number of hedge funds have recently made changes to their positions in NOVT. Pilgrim Partners Asia Pte Ltd bought a new position in Novanta during the third quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Novanta during the 3rd quarter valued at approximately $40,000. Danske Bank A S bought a new position in shares of Novanta during the 3rd quarter valued at approximately $40,000. SVB Wealth LLC purchased a new stake in shares of Novanta during the 1st quarter worth approximately $48,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Novanta in the 2nd quarter worth approximately $52,000. 98.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on NOVT shares. Zacks Research raised shares of Novanta from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings cut shares of Novanta from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $133.00.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Novanta

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.