Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $5.65.
A number of research firms recently weighed in on NVTS. Rosenblatt Securities reaffirmed a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. CJS Securities lowered shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Morgan Stanley set a $4.40 price target on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a report 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 price target for the company. in a report on Tuesday, August 5th.
View Our Latest Analysis on Navitas Semiconductor
Navitas Semiconductor Stock Up 0.2%
Shares of Navitas Semiconductor stock traded up $0.01 during trading hours on Monday, hitting $5.61. The company's stock had a trading volume of 12,767,333 shares, compared to its average volume of 12,174,346. Navitas Semiconductor has a 1-year low of $1.52 and a 1-year high of $9.48. The business has a fifty day moving average of $6.73 and a 200 day moving average of $4.57. The company has a market capitalization of $1.20 billion, a PE ratio of -8.63 and a beta of 3.00.
Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate 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 quarterly revenue was down 29.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Navitas Semiconductor will post -0.51 earnings per share for the current fiscal year.
Insider Activity at Navitas Semiconductor
In other Navitas Semiconductor news, Director Brian Long sold 1,026,227 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $7.93, for a total transaction of $8,137,980.11. Following the completion of the transaction, the director directly owned 4,420,991 shares of the company's stock, valued at $35,058,458.63. This trade represents a 18.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ranbir Singh acquired 18,645,603 shares of the firm's stock in a transaction on Monday, July 28th. The shares were bought at an average cost of $8.79 per share, with a total value of $163,894,850.37. Following the completion of the acquisition, the director owned 18,645,603 shares in the company, valued at $163,894,850.37. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 3,680,815 shares of company stock worth $28,793,032 over the last 90 days. Company insiders own 29.90% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Navitas Semiconductor by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock worth $20,495,000 after acquiring an additional 123,598 shares in the last quarter. Geode Capital Management LLC grew its holdings in Navitas Semiconductor by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company's stock worth $21,882,000 after acquiring an additional 124,594 shares in the last quarter. Invesco Ltd. grew its holdings in Navitas Semiconductor by 75.2% during the 2nd quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock worth $20,999,000 after acquiring an additional 1,376,205 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Navitas Semiconductor by 1,332.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock worth $10,510,000 after acquiring an additional 1,492,512 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Navitas Semiconductor by 1,742.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock worth $9,356,000 after acquiring an additional 1,350,857 shares in the last quarter. 46.14% of the stock is owned by institutional investors and hedge funds.
About Navitas Semiconductor
(
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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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