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 company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $6.11, for a total transaction of $3,055,000.00. Following the completion of the transaction, the director owned 1,715,395 shares of the company's stock, valued at approximately $10,481,063.45. This trade represents a 22.57% decrease in their position. The transaction was disclosed in a legal filing 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $3,025,000.00.

Navitas Semiconductor Price Performance

NASDAQ NVTS traded down $0.22 on Tuesday, hitting $5.89. The stock had a trading volume of 13,539,247 shares, compared to its average volume of 13,399,078. Navitas Semiconductor Corporation has a one year low of $1.52 and a one year high of $9.48. The company's 50-day moving average is $6.68 and its two-hundred day moving average is $4.70.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.05). The company had revenue of $14.49 million during 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 business's revenue for the quarter was down 29.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) EPS. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Analysts forecast that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NVTS. CJS Securities lowered shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. 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. Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 5th. Rosenblatt Securities reissued a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Finally, Craig Hallum lowered shares of 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. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $5.65.

Institutional Investors Weigh In On Navitas Semiconductor

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp lifted its position in shares of Navitas Semiconductor by 9.5% in the 4th quarter. Northern Trust Corp now owns 1,209,761 shares of the company's stock valued at $4,319,000 after acquiring an additional 104,906 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Navitas Semiconductor by 980.4% in the 1st quarter. Hsbc Holdings PLC now owns 158,566 shares of the company's stock valued at $323,000 after acquiring an additional 143,890 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Navitas Semiconductor in the 4th quarter valued at approximately $52,000. Merit Financial Group LLC purchased a new stake in shares of Navitas Semiconductor in the 1st quarter valued at approximately $48,000. Finally, Bank of America Corp DE lifted its position 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 acquiring an additional 794,371 shares in the last quarter. Hedge funds and other institutional investors own 46.14% of the company's stock.

Navitas Semiconductor Company Profile

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.

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