A haptic actuator may include a housing, at least one permanent magnet carried by the housing, a field member movable within the housing and comprising at least one coil cooperating with the at least one permanent magnet, and at least one mechanical limit stop between the housing and the field member. The haptic actuator may also include circuitry capable of generating a pulse width modulated (PWM) waveform for the at least one coil to move the field member from an initial at-rest position and without contacting the at least one mechanical limit stop.