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 company'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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, September 9th, Brian Long sold 497,700 shares of Navitas Semiconductor stock. The stock was 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 Trading Down 1.9%

Shares of NVTS traded down $0.12 during mid-day trading on Monday, hitting $6.06. The company's stock had a trading volume of 11,185,001 shares, compared to its average volume of 21,166,162. The firm has a 50-day simple moving average of $6.69 and a 200 day simple moving average of $4.67. The firm has a market capitalization of $1.29 billion, a P/E ratio of -9.35 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) EPS for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $14.49 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 29.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. Navitas Semiconductor has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Analyst Ratings Changes

NVTS has been the subject of several recent analyst reports. CJS Securities cut Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Craig Hallum cut Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective for the company. in a report on Tuesday, August 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft cut Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a report on Tuesday, June 17th. Finally, Morgan Stanley set a $4.40 price objective on Navitas Semiconductor in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Navitas Semiconductor has an average rating of "Hold" and a consensus price target of $5.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp lifted its stake in shares of Navitas Semiconductor by 9.5% during the fourth quarter. Northern Trust Corp now owns 1,209,761 shares of the company's stock worth $4,319,000 after purchasing an additional 104,906 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Navitas Semiconductor by 980.4% during the first quarter. Hsbc Holdings PLC now owns 158,566 shares of the company's stock worth $323,000 after purchasing an additional 143,890 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Navitas Semiconductor during the fourth quarter worth about $52,000. Merit Financial Group LLC acquired a new position in shares of Navitas Semiconductor during the first quarter worth about $48,000. Finally, Bank of America Corp DE lifted its stake in shares of Navitas Semiconductor by 180.5% during the fourth quarter. Bank of America Corp DE now owns 1,234,375 shares of the company's stock worth $4,407,000 after purchasing an additional 794,371 shares in 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.