Insider Selling: Navitas Semiconductor (NASDAQ:NVTS) Director Sells 500,000 Shares of Stock

Key Points

• Brian Long, a Director at Navitas Semiconductor, sold 500,000 shares of the company's stock for about $3.05 million, resulting in a 22.57% decrease in his holdings.
• Despite recent insider selling, Navitas Semiconductor's stock currently has a consensus Hold rating, with price targets ranging between $4.40 and $8.00 from various analysts.
• Navitas Semiconductor reported a revenue drop of 29.2% year-over-year and a negative net margin of 182.63% in its last earnings report, reflecting significant challenges.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) Director Brian Long sold 500,000 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $6.11, for a total value of $3,055,000.00. Following the completion of the sale, the director directly owned 1,715,395 shares in the company, valued at approximately $10,481,063.45. The trade was a 22.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, September 11th, Brian Long sold 455,596 shares of Navitas Semiconductor stock. The stock was sold at an average price of $6.05, for a total value of $2,756,355.80.
• On Wednesday, September 10th, Brian Long sold 750,000 shares of Navitas Semiconductor stock. The stock was sold at an average price of $5.84, for a total value of $4,380,000.00.
• On Tuesday, September 9th, Brian Long sold 497,700 shares of Navitas Semiconductor stock. The stock was sold at an average price of $5.76, for a total value of $2,866,752.00.
• 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 Stock Performance

Shares of NVTS traded up $0.28 during trading hours on Friday, hitting $7.01. 31,230,018 shares of the stock were exchanged, compared to its average volume of 15,269,784. Navitas Semiconductor Corporation has a 12-month low of $1.52 and a 12-month high of $9.48. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -10.78 and a beta of 3.00. The stock's 50-day moving average price is $6.71 and its two-hundred day moving average price is $4.78.

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

Institutional Investors Weigh In On Navitas Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of NVTS. BNP Paribas Financial Markets raised its holdings in shares of Navitas Semiconductor by 1,332.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock valued at $10,510,000 after buying an additional 1,492,512 shares during the period. Invesco Ltd. raised its holdings in shares of Navitas Semiconductor by 75.2% in the 2nd quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock valued at $20,999,000 after buying an additional 1,376,205 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Navitas Semiconductor by 1,742.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock valued at $9,356,000 after buying an additional 1,350,857 shares during the period. Bank of America Corp DE raised its holdings in shares of Navitas Semiconductor by 180.5% in the 4th quarter. Bank of America Corp DE now owns 1,234,375 shares of the company's stock valued at $4,407,000 after buying an additional 794,371 shares during the period. Finally, FORA Capital LLC purchased a new stake in Navitas Semiconductor during the 2nd quarter worth about $3,309,000. Hedge funds and other institutional investors own 46.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. CJS Securities downgraded Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. 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 note on Tuesday, August 5th. Morgan Stanley set a $4.40 price target on Navitas Semiconductor in a research note on Tuesday, August 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Navitas Semiconductor has an average rating of "Hold" and an average target price 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.