Insider Selling: Navitas Semiconductor (NASDAQ:NVTS) Director Sells 2,300 Shares of Stock

Key Points

• Brian Long, Director of Navitas Semiconductor, sold 2,300 shares at an average price of $5.75, totaling $13,225, and now owns approximately 3.92 million shares of the company.
• The company reported a 29.2% decline in year-over-year revenue during the last quarter, with an earnings per share of ($0.05), meeting market expectations.
• Institutional investors significantly increased their holdings in Navitas Semiconductor, with BNP Paribas raising its stake by 1,332.3% in the second quarter.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) Director Brian Long sold 2,300 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $5.75, for a total value of $13,225.00. Following the completion of the sale, the director owned 3,918,691 shares of the company's stock, valued at $22,532,473.25. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Brian Long also recently made the following trade(s):

• On Wednesday, September 10th, Brian Long sold 750,000 shares of Navitas Semiconductor stock. The shares were sold at an average price of $5.84, for a total transaction of $4,380,000.00.
• On Tuesday, September 9th, Brian Long sold 497,700 shares of Navitas Semiconductor stock. The shares were sold at an average price of $5.76, for a total transaction of $2,866,752.00.
• On Wednesday, August 27th, Brian Long sold 500,000 shares of Navitas Semiconductor stock. The shares were sold at an average price of $6.05, for a total transaction of $3,025,000.00.
• On Wednesday, June 11th, Brian Long sold 473,773 shares of Navitas Semiconductor stock. The stock was sold at an average price of $8.35, for a total transaction of $3,956,004.55.
• On Thursday, June 12th, Brian Long sold 1,026,227 shares of Navitas Semiconductor stock. The stock was sold at an average price of $7.93, for a total transaction of $8,137,980.11.

Navitas Semiconductor Stock Performance

NASDAQ NVTS traded up $0.09 during trading on Friday, hitting $6.17. The stock had a trading volume of 31,132,995 shares, compared to its average volume of 12,121,434. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -9.49 and a beta of 3.00. Navitas Semiconductor Corporation has a one year low of $1.52 and a one year high of $9.48. The stock has a 50 day simple moving average of $6.69 and a 200 day simple moving average of $4.65.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). The business had revenue of $14.49 million for the quarter, compared to analyst estimates of $14.43 million. Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The company's quarterly revenue was down 29.2% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Hedge Funds Weigh In On Navitas Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors grew its holdings in Navitas Semiconductor by 3.8% in the second quarter. Captrust Financial Advisors now owns 45,758 shares of the company's stock worth $300,000 after purchasing an additional 1,667 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Navitas Semiconductor by 20.8% in the second quarter. Ameritas Investment Partners Inc. now owns 13,678 shares of the company's stock worth $90,000 after purchasing an additional 2,352 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Navitas Semiconductor by 189.8% in the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock worth $29,000 after purchasing an additional 2,942 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Navitas Semiconductor by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 49,441 shares of the company's stock worth $324,000 after purchasing an additional 3,559 shares during the last quarter. Finally, Cranbrook Wealth Management LLC purchased a new position in Navitas Semiconductor in the second quarter worth $25,000. 46.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NVTS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 target price on the stock. in a research report on Tuesday, June 17th. Rosenblatt Securities reaffirmed a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Craig Hallum lowered shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective on the stock. in a report on Tuesday, August 5th. Finally, Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.65.

About Navitas Semiconductor

Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company's products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.