Navitas Semiconductor (NASDAQ:NVTS) Director Brian Long Sells 500,000 Shares

Key Points

• Brian Long, a director at Navitas Semiconductor, sold 500,000 shares at an average price of $6.05, reducing his ownership by 11.31% and raising $3,025,000 from the sale.
• Navitas Semiconductor's stock recently traded down to $5.86, with a market capitalization of $1.25 billion and a reported 52-week range between $1.52 and $9.48.
• Analyst ratings for Navitas Semiconductor show mixed responses, with three analysts rating the stock as a Buy and three as a Hold, reflecting a consensus target price of approximately $5.65.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) Director Brian Long sold 500,000 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $6.05, for a total value of $3,025,000.00. Following the completion of the sale, the director owned 3,920,991 shares of the company's stock, valued at $23,721,995.55. This trade represents a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, June 11th, Brian Long sold 473,773 shares of Navitas Semiconductor stock. The stock was sold at an average price of $8.35, for a total value of $3,956,004.55.
• On Thursday, June 12th, Brian Long sold 1,026,227 shares of Navitas Semiconductor stock. The stock was sold at an average price of $7.93, for a total value of $8,137,980.11.
• On Thursday, June 5th, Brian Long sold 31,460 shares of Navitas Semiconductor stock. The stock was sold at an average price of $6.83, for a total value of $214,871.80.
• On Wednesday, June 4th, Brian Long sold 2,955,509 shares of Navitas Semiconductor stock. The shares were sold at an average price of $6.61, for a total value of $19,535,914.49.

Navitas Semiconductor Price Performance

Shares of Navitas Semiconductor stock traded down $0.18 during trading on Friday, reaching $5.86. 12,769,195 shares of the stock traded hands, compared to its average volume of 21,514,557. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -9.02 and a beta of 3.02. The business has a fifty day simple moving average of $6.88 and a two-hundred day simple moving average of $4.43. Navitas Semiconductor Corporation has a 52-week low of $1.52 and a 52-week high of $9.48.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). The firm had revenue of $14.49 million during the quarter, compared to analyst estimates of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The business's quarterly revenue was down 29.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, research analysts predict that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NVTS has been the subject of a number of analyst reports. Craig Hallum downgraded 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. Deutsche Bank Aktiengesellschaft downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price target for the company. in a research note on Tuesday, June 17th. CJS Securities downgraded shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a research note on Tuesday. Finally, Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $5.65.

Hedge Funds Weigh In On Navitas Semiconductor

Several hedge funds and other institutional investors have recently made changes to their positions in NVTS. Cranbrook Wealth Management LLC purchased a new position in shares of Navitas Semiconductor in the second quarter valued at approximately $25,000. Simplicity Wealth LLC acquired a new stake in Navitas Semiconductor in the 1st quarter valued at about $26,000. Larson Financial Group LLC acquired a new stake in Navitas Semiconductor in the 1st quarter valued at about $28,000. NewEdge Advisors LLC raised 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 acquiring an additional 2,942 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in Navitas Semiconductor in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 46.14% of the company's stock.

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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