Navitas Semiconductor Corporation (NASDAQ:NVTS) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Navitas Semiconductor, with two sell, three hold and two buy recommendations. The average 12-month price target is $15.92.
• Navitas reported quarterly revenue of $10.53 million, exceeding estimates of $9.97 million, while adjusted EPS of ($0.04) matched expectations; revenue nevertheless fell 27.3% year over year.
• The stock opened at $12.35 and has shown substantial volatility, trading between $5.44 and $34.17 over the past year. Insiders sold nearly 4 million shares worth about $116.4 million in the latest quarter.

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) have been given an average rating of "Hold" by the seven research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.92.

Several analysts have issued reports on the company. Weiss Ratings upgraded Navitas Semiconductor from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, June 17th. Jefferies Financial Group set a $13.00 price objective on Navitas Semiconductor in a research note on Tuesday, July 28th. Needham & Company LLC reissued a "buy" rating and issued a $21.00 price target on shares of Navitas Semiconductor in a research report on Tuesday, July 28th. Morgan Stanley restated an "underweight" rating and set a $12.60 target price on shares of Navitas Semiconductor in a research note on Tuesday, July 28th. Finally, Wall Street Zen upgraded shares of Navitas Semiconductor from a "sell" rating to a "hold" rating in a report on Saturday, May 9th.

Navitas Semiconductor Price Performance

NASDAQ NVTS opened at $12.35 on Thursday. The stock's 50 day simple moving average is $17.68 and its 200-day simple moving average is $14.24. The company has a market cap of $3.22 billion, a PE ratio of -9.29 and a beta of 3.86. Navitas Semiconductor has a 1-year low of $5.44 and a 1-year high of $34.17.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its earnings results on Monday, July 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.04). Navitas Semiconductor had a negative net margin of 856.85% and a negative return on equity of 13.13%. The business had revenue of $10.53 million during the quarter, compared to analyst estimates of $9.97 million. During the same quarter in the prior year, the firm earned ($0.25) earnings per share. The company's revenue for the quarter was down 27.3% compared to the same quarter last year. On average, equities research analysts anticipate that Navitas Semiconductor will post -0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Navitas Semiconductor news, Director Richard J. Hendrix sold 110,165 shares of Navitas Semiconductor stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.96, for a total transaction of $3,190,378.40. Following the transaction, the director owned 101,709 shares of the company's stock, valued at $2,945,492.64. The trade was a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ranbir Singh sold 664,058 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.72, for a total transaction of $19,071,745.76. Following the sale, the director owned 14,943,475 shares of the company's stock, valued at $429,176,602. This trade represents a 4.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,989,478 shares of company stock valued at $116,356,387 over the last quarter. Corporate insiders own 12.40% of the company's stock.

Institutional Investors Weigh In On Navitas Semiconductor

Large investors have recently modified their holdings of the stock. Beaird Harris Wealth Management LLC boosted its holdings in shares of Navitas Semiconductor by 247.8% in the second quarter. Beaird Harris Wealth Management LLC now owns 1,739 shares of the company's stock valued at $31,000 after acquiring an additional 1,239 shares in the last quarter. Allworth Financial LP increased its position in Navitas Semiconductor by 309.4% during the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company's stock worth $26,000 after purchasing an additional 2,698 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Navitas Semiconductor by 3,200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,125 shares of the company's stock valued at $36,000 after purchasing an additional 4,000 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Navitas Semiconductor by 189.8% in the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock valued at $29,000 after purchasing an additional 2,942 shares in the last quarter. Finally, State of Wyoming grew its holdings in shares of Navitas Semiconductor by 92.8% during the first quarter. State of Wyoming now owns 4,803 shares of the company's stock worth $42,000 after buying an additional 2,312 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 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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