Navitas Semiconductor (NASDAQ:NVTS) Director Sells $2,756,355.80 in Stock

Key Points

• Navitas Semiconductor Director Brian Long sold 455,596 shares at an average price of $6.05, resulting in a transaction value of approximately $2.76 million.
• This sale, part of multiple recent transactions, decreased Long's total holdings by 17.06%, leaving him with approximately 2.22 million shares, valued at about $13.4 million.
• Analysts have recently set a range of price targets for Navitas Semiconductor, with a consensus average target of $5.65, indicating mixed perceptions of the stock's potential.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) Director Brian Long sold 455,596 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $6.05, for a total value of $2,756,355.80. Following the completion of the transaction, the director directly owned 2,215,395 shares in the company, valued at approximately $13,403,139.75. This trade represents a 17.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Brian Long also recently made the following trade(s):

• On Monday, September 15th, Brian Long sold 500,000 shares of Navitas Semiconductor stock. The shares were sold at an average price of $6.11, for a total value of $3,055,000.00.
• On Wednesday, September 10th, Brian Long sold 750,000 shares of Navitas Semiconductor stock. The shares were sold at an average price of $5.84, for a total value of $4,380,000.00.
• On Tuesday, September 9th, Brian Long sold 497,700 shares of Navitas Semiconductor stock. The shares were sold at an average price of $5.76, for a total value of $2,866,752.00.
• On Friday, September 5th, Brian Long sold 2,300 shares of Navitas Semiconductor stock. The shares were sold at an average price of $5.75, for a total value of $13,225.00.
• On Wednesday, August 27th, Brian Long sold 500,000 shares of Navitas Semiconductor stock. The shares were sold at an average price of $6.05, for a total value of $3,025,000.00.

Navitas Semiconductor Price Performance

Shares of NVTS stock traded up $0.43 during trading hours on Thursday, reaching $6.89. The company had a trading volume of 17,680,874 shares, compared to its average volume of 21,178,258. The company has a 50 day moving average of $6.68 and a 200 day moving average of $4.71. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -10.62 and a beta of 3.00. Navitas Semiconductor Corporation has a 1-year low of $1.52 and a 1-year high of $9.48.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted 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 company had revenue of $14.49 million for the quarter, compared to the consensus estimate of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The firm's quarterly revenue was down 29.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.07) EPS. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on NVTS shares. Craig Hallum downgraded Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective on the stock. in a research note on Tuesday, August 5th. CJS Securities downgraded Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Rosenblatt Securities reaffirmed a "buy" rating and set a $8.00 price objective on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft downgraded Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective on the stock. in a research note on Tuesday, June 17th. Finally, Morgan Stanley set a $4.40 price objective on Navitas Semiconductor in a research note on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $5.65.

Hedge Funds Weigh In On Navitas Semiconductor

Large investors have recently added to or reduced their stakes in the company. Cranbrook Wealth Management LLC bought a new position in Navitas Semiconductor during the 2nd quarter worth about $25,000. Simplicity Wealth LLC bought a new position in Navitas Semiconductor during the 1st quarter worth about $26,000. Larson Financial Group LLC bought a new position in Navitas Semiconductor during the 1st quarter worth about $28,000. NewEdge Advisors LLC grew its holdings in shares of 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 acquiring an additional 2,942 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of Navitas Semiconductor in the 1st quarter valued at about $31,000. Institutional investors own 46.14% of the company's stock.

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.