Navitas Semiconductor Corporation (NASDAQ:NVTS) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts give Navitas an average rating of "Hold" based on seven firms (one sell, five hold, one buy) with a consensus 12‑month target price of $6.78.
• The stock has been volatile—recent open $18.30, market cap ~$4.22B and a 52‑week range of $1.80–$19.79—while the company reported a quarter with EPS of ($0.05) (matching estimates) and revenue down 59.4% year‑over‑year; analysts expect ~‑0.26 EPS for the current year.
• Insiders have been net sellers (509,016 shares sold worth ~$4.97M in the last 90 days, including sales by the CEO and CFO) though insiders still own ~29.9% of shares and institutional investors hold ~46.1%.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) has been assigned an average rating of "Hold" from the seven research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $6.78.

A number of analysts have recently weighed in on NVTS shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Tuesday, April 21st. Rosenblatt Securities reissued a "neutral" rating and set a $7.00 price objective on shares of Navitas Semiconductor in a research note on Thursday, March 12th.

Navitas Semiconductor Stock Performance

NASDAQ:NVTS opened at $18.30 on Tuesday. The firm has a market cap of $4.22 billion, a PE ratio of -32.10 and a beta of 3.15. Navitas Semiconductor has a fifty-two week low of $1.80 and a fifty-two week high of $19.79. The business has a 50 day moving average price of $10.14 and a 200-day moving average price of $9.81.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). The firm had revenue of $7.30 million during the quarter, compared to analyst estimates of $6.95 million. Navitas Semiconductor had a negative return on equity of 14.52% and a negative net margin of 254.71%.The business's quarterly revenue was down 59.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Research analysts predict that Navitas Semiconductor will post -0.26 EPS for the current year.

Insider Activity

In related news, CEO Chris Allexandre sold 9,236 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $8.93, for a total transaction of $82,477.48. Following the completion of the transaction, the chief executive officer owned 813,323 shares in the company, valued at $7,262,974.39. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Todd Glickman sold 98,152 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $10.78, for a total value of $1,058,078.56. Following the transaction, the chief financial officer owned 735,231 shares of the company's stock, valued at approximately $7,925,790.18. This represents a 11.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 509,016 shares of company stock valued at $4,967,814. 29.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Navitas Semiconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in NVTS. American Century Companies Inc. raised its holdings in shares of Navitas Semiconductor by 104.8% during the second quarter. American Century Companies Inc. now owns 241,450 shares of the company's stock valued at $1,581,000 after acquiring an additional 123,577 shares in the last quarter. Prudential Financial Inc. purchased a new position in Navitas Semiconductor during the second quarter valued at $120,000. New York State Common Retirement Fund lifted its position in Navitas Semiconductor by 102.7% during the second quarter. New York State Common Retirement Fund now owns 40,255 shares of the company's stock valued at $264,000 after buying an additional 20,400 shares during the period. Invesco Ltd. lifted its position in Navitas Semiconductor by 75.2% during the second 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. Finally, Baird Financial Group Inc. lifted its position in Navitas Semiconductor by 2,514.3% during the second quarter. Baird Financial Group Inc. now owns 419,237 shares of the company's stock valued at $2,746,000 after buying an additional 403,201 shares during the period. Institutional investors own 46.14% of the company's stock.

About Navitas Semiconductor

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.

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