Navitas Semiconductor (NASDAQ:NVTS) Cut to Neutral at Rosenblatt Securities

Key Points

• Navitas Semiconductor has been downgraded from a "buy" rating to a "neutral" rating by Rosenblatt Securities, with a new price target of $12.00, implying an expected downside of 18.14% from the current stock price.
• The company's recent quarterly earnings reported a revenue of $14.49 million, which was below the year-over-year figures and resulted in a negative net margin of 182.63%.
• Insider trading activity includes a significant purchase by Director Ranbir Singh of over 18 million shares, while another director, Brian Long, sold 750,000 shares, indicating fluctuating confidence among company insiders.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) was downgraded by equities researchers at Rosenblatt Securities from a "buy" rating to a "neutral" rating in a research note issued on Monday, Marketbeat reports. They presently have a $12.00 price target on the stock, up from their prior price target of $4.00. Rosenblatt Securities' target price would suggest a potential downside of 18.14% from the stock's current price.

Other analysts also recently issued reports about the stock. CJS Securities downgraded shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Needham & Company LLC reissued a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Wednesday, October 8th. Morgan Stanley set a $4.40 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 5th. Finally, Craig Hallum cut shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price target for the company. in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $6.32.

Navitas Semiconductor Trading Down 6.2%

NVTS opened at $14.66 on Monday. The company has a fifty day simple moving average of $7.34 and a 200 day simple moving average of $5.75. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of -22.55 and a beta of 3.03. Navitas Semiconductor has a twelve month low of $1.52 and a twelve month high of $16.85.

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, meeting analysts' consensus estimates of ($0.05). The business 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 was down 29.2% on a year-over-year basis. During the same period last year, the business earned ($0.07) EPS. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, analysts forecast that Navitas Semiconductor will post -0.51 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ranbir Singh bought 18,645,603 shares of the firm's stock in a transaction on Monday, July 28th. The stock was acquired at an average price of $8.79 per share, with a total value of $163,894,850.37. Following the transaction, the director owned 18,645,603 shares of the company's stock, valued at $163,894,850.37. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Long sold 750,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $5.84, for a total transaction of $4,380,000.00. Following the sale, the director directly owned 2,670,991 shares of the company's stock, 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. In the last three months, insiders have sold 2,705,596 shares of company stock valued at $16,096,333. Insiders own 29.90% of the company's stock.

Institutional Investors Weigh In On Navitas Semiconductor

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in Navitas Semiconductor by 1,332.3% in 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 during 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 valued at $20,999,000 after buying an additional 1,376,205 shares in the last quarter. 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 valued at $9,356,000 after buying an additional 1,350,857 shares in the last quarter. FORA Capital LLC purchased a new position in Navitas Semiconductor during the 2nd quarter valued at about $3,309,000. Finally, Baird Financial Group Inc. grew its holdings in Navitas Semiconductor by 2,514.3% during the 2nd 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 in the last quarter. 46.14% of the stock is currently owned by institutional investors.

About Navitas Semiconductor

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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