Brokerages Set Navitas Semiconductor Corporation (NASDAQ:NVTS) Target Price at $5.65

Key Points

• Navitas Semiconductor Corporation (NASDAQ:NVTS) has received an average consensus recommendation of "Hold" from analysts, with target prices ranging from $3.50 to $8.00.
• Recent insider trading activity includes David Moxam selling 78,649 shares for over $621,000, while director Ranbir Singh purchased 18.6 million shares valued at approximately $163.9 million.
• The company's latest quarterly earnings report showed a revenue decline of 29.2% year-over-year, with earnings per share (EPS) meeting estimates at ($0.05).

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) have been assigned an average rating of "Hold" from the seven ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.65.

Several research analysts recently weighed in on the stock. Needham & Company LLC restated a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Rosenblatt Securities reiterated a "buy" rating and issued a $8.00 target price 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. Deutsche Bank Aktiengesellschaft cut shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 target price on the stock. in a research note on Tuesday, June 17th. Finally, CJS Securities cut shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th.

Insider Buying and Selling at Navitas Semiconductor

In related news, Director Ranbir Singh bought 18,645,603 shares of the company's stock in a transaction on Monday, July 28th. The shares were purchased at an average cost of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the purchase, the director directly owned 18,645,603 shares in the company, valued at $163,894,850.37. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian Long sold 750,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $5.84, for a total transaction of $4,380,000.00. Following the completion of the sale, the director directly owned 2,670,991 shares in the company, valued at approximately $15,598,587.44. This trade represents a 21.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,988,668 shares of company stock worth $12,074,987 over the last three months. 29.90% of the stock is currently owned by insiders.

Institutional Trading of Navitas Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Navitas Semiconductor by 1.3% in the first quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock valued at $20,495,000 after purchasing an additional 123,598 shares during the period. Geode Capital Management LLC raised its position in shares of Navitas Semiconductor by 3.9% in the second quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company's stock valued at $21,882,000 after purchasing an additional 124,594 shares during the period. Invesco Ltd. raised its position in shares of Navitas Semiconductor by 75.2% in the second quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock valued at $20,999,000 after purchasing an additional 1,376,205 shares during the period. BNP Paribas Financial Markets raised its position in shares of Navitas Semiconductor by 1,332.3% in the second quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock valued at $10,510,000 after purchasing an additional 1,492,512 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Navitas Semiconductor by 1,742.4% in the second quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock valued at $9,356,000 after purchasing an additional 1,350,857 shares during the period. Institutional investors own 46.14% of the company's stock.

Navitas Semiconductor Stock Up 7.8%

Navitas Semiconductor stock traded up $0.44 during midday trading on Monday, hitting $6.08. 21,827,537 shares of the stock were exchanged, compared to its average volume of 11,727,546. Navitas Semiconductor has a 52-week low of $1.52 and a 52-week high of $9.48. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -9.35 and a beta of 3.00. The business's 50-day moving average price is $6.70 and its 200-day moving average price is $4.61.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). Navitas Semiconductor had a negative net margin of 182.63% and a negative return on equity of 18.16%. The business had revenue of $14.49 million for the quarter, compared to analysts' expectations of $14.43 million. During the same period in the previous year, the company earned ($0.07) earnings per share. The firm'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. On average, sell-side analysts predict that Navitas Semiconductor will post -0.51 earnings per share for the current fiscal year.

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.