Navitas Semiconductor (NASDAQ:NVTS) Director Brian Long Sells 497,700 Shares

Key Points

• Brian Long, a director at Navitas Semiconductor, sold a total of 497,700 shares on September 9th at an average price of $5.76, resulting in a transaction value of approximately $2.87 million.
• Navitas Semiconductor's stock recently reached $6.08 after an increase of $0.44 in trading, with a market cap of $1.30 billion and a P/E ratio of -9.35.
• The company reported a revenue of $14.49 million for the last quarter, meeting analyst expectations, but faced a 29.2% year-over-year decline in revenue.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) Director Brian Long sold 497,700 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $5.76, for a total value of $2,866,752.00. Following the transaction, the director directly owned 3,420,991 shares of the company's stock, valued at $19,704,908.16. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 value of $4,380,000.00.
• On Friday, September 5th, Brian Long sold 2,300 shares of Navitas Semiconductor stock. The stock was sold at an average price of $5.75, for a total value of $13,225.00.
• On Wednesday, August 27th, Brian Long sold 500,000 shares of Navitas Semiconductor stock. The stock was sold at an average price of $6.05, for a total value of $3,025,000.00.

Navitas Semiconductor Price Performance

NVTS stock traded down $0.12 on Monday, reaching $6.06. The company's stock had a trading volume of 11,185,001 shares, compared to its average volume of 21,166,162. Navitas Semiconductor Corporation has a 52 week low of $1.52 and a 52 week high of $9.48. The company has a market capitalization of $1.29 billion, a P/E ratio of -9.35 and a beta of 3.00. The firm has a fifty day moving average of $6.69 and a two-hundred day moving average of $4.67.

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

Analyst Upgrades and Downgrades

NVTS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a report on Tuesday, June 17th. Craig Hallum downgraded Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price for the company. in a research report on Tuesday, August 5th. Needham & Company LLC restated a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. CJS Securities downgraded Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.65.

Hedge Funds Weigh In On Navitas Semiconductor

Several hedge funds have recently bought and sold shares of the business. Cranbrook Wealth Management LLC acquired a new stake in shares of Navitas Semiconductor in the second quarter valued at about $25,000. Simplicity Wealth LLC acquired a new stake in shares of Navitas Semiconductor in the first quarter valued at about $26,000. Larson Financial Group LLC acquired a new stake in shares of Navitas Semiconductor in the first quarter valued at about $28,000. NewEdge Advisors LLC grew its position in shares of Navitas Semiconductor by 189.8% in the second quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock valued at $29,000 after purchasing an additional 2,942 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Navitas Semiconductor in the first quarter valued at about $31,000. 46.14% of the stock is owned by institutional investors and hedge funds.

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.