Navitas Semiconductor (NASDAQ:NVTS) Director Brian Long Sells 750,000 Shares

Key Points

• Brian Long, a director at Navitas Semiconductor, sold 750,000 shares at an average price of $5.84, totaling approximately $4.38 million, which reduced his stake by 21.92%.
• Following the recent trades, Navitas Semiconductor shares rose by 7.8% to reach $6.08, with trading volume significantly above average.
• Analysts have mixed ratings for Navitas Semiconductor, with a consensus rating of "Hold" and a price target averaging around $5.65.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) Director Brian Long sold 750,000 shares of the stock in a transaction dated 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 owned 2,670,991 shares of the company's stock, valued at $15,598,587.44. This trade represents a 21.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction 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 transaction of $13,225.00.
• On Wednesday, August 27th, Brian Long sold 500,000 shares of Navitas Semiconductor stock. The stock was sold at an average price of $6.05, for a total transaction of $3,025,000.00.

Navitas Semiconductor Trading Up 7.8%

Shares of NASDAQ:NVTS traded up $0.44 during trading on Thursday, hitting $6.08. 21,827,537 shares of the company's stock were exchanged, compared to its average volume of 11,727,546. Navitas Semiconductor Corporation has a 1-year low of $1.52 and a 1-year high of $9.48. The firm has a 50-day moving average price of $6.70 and a two-hundred day moving average price of $4.61. The firm has a market cap of $1.30 billion, a P/E ratio of -9.35 and a beta of 3.00.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $14.49 million for 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 company's revenue for the quarter was down 29.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Analyst Ratings Changes

NVTS has been the topic of a number of research reports. CJS Securities lowered shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research report on Monday, August 18th. Craig Hallum downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective on the stock. 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 objective on the stock. in a report on Tuesday, June 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Finally, Needham & Company LLC restated a "buy" rating and issued a $8.00 price target on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $5.65.

Institutional Trading of Navitas Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of Navitas Semiconductor by 9.5% during the 4th quarter. Northern Trust Corp now owns 1,209,761 shares of the company's stock worth $4,319,000 after buying an additional 104,906 shares during the period. Hsbc Holdings PLC grew its position in Navitas Semiconductor by 980.4% in the 1st quarter. Hsbc Holdings PLC now owns 158,566 shares of the company's stock valued at $323,000 after purchasing an additional 143,890 shares during the period. Millennium Management LLC acquired a new stake in Navitas Semiconductor in the 4th quarter valued at $52,000. Merit Financial Group LLC purchased a new position in Navitas Semiconductor during the 1st quarter worth $48,000. Finally, Bank of America Corp DE boosted its holdings in Navitas Semiconductor by 180.5% during the 4th quarter. Bank of America Corp DE now owns 1,234,375 shares of the company's stock worth $4,407,000 after acquiring an additional 794,371 shares during the last quarter. Institutional investors and hedge funds 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.

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