Navitas Semiconductor (NASDAQ:NVTS) Hits New 12-Month High - Still a Buy?

Key Points

• Navitas Semiconductor's shares hit a new 52-week high of $15.44, reflecting a significant increase from a previous close of $12.57.
• The average rating for Navitas Semiconductor stock is currently "Hold," with an average price target of $5.65 based on analysis from various equity research firms.
• Insider activity includes a notable purchase of over 18 million shares by Director Ranbir Singh at an average cost of $8.79, significantly increasing their stake in the company.

Shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $15.44 and last traded at $15.16, with a volume of 147824583 shares traded. The stock had previously closed at $12.57.

Analysts Set New Price Targets

NVTS has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Navitas Semiconductor in a research report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Craig Hallum cut Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price target on the stock. in a research report on Tuesday, August 5th. Finally, Morgan Stanley set a $4.40 price target on Navitas Semiconductor in a research report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $5.65.

Navitas Semiconductor Stock Performance

The firm has a market capitalization of $3.23 billion, a P/E ratio of -23.32 and a beta of 3.03. The business has a 50 day simple moving average of $7.00 and a two-hundred day simple moving average of $5.51.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported ($0.05) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.05). The business 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 quarterly revenue was down 29.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) EPS. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ranbir Singh acquired 18,645,603 shares of Navitas Semiconductor stock in a transaction dated Monday, July 28th. The shares were purchased at an average cost of $8.79 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brian Long sold 750,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $5.84, for a total value of $4,380,000.00. Following the transaction, the director owned 2,670,991 shares in the company, valued at $15,598,587.44. This trade represents a 21.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,705,596 shares of company stock worth $16,096,333 over the last quarter. Corporate insiders own 29.90% of the company's stock.

Hedge Funds Weigh In On Navitas Semiconductor

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Navitas Semiconductor by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock valued at $20,495,000 after acquiring an additional 123,598 shares during the period. Geode Capital Management LLC boosted its holdings in Navitas Semiconductor by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company's stock valued at $21,882,000 after acquiring an additional 124,594 shares during the period. Invesco Ltd. boosted 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 acquiring an additional 1,376,205 shares during the period. BNP Paribas Financial Markets boosted its holdings in Navitas Semiconductor by 1,332.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock valued at $10,510,000 after acquiring an additional 1,492,512 shares during the period. Finally, JPMorgan Chase & Co. boosted 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 acquiring an additional 1,350,857 shares during the period. 46.14% of the stock is currently owned by institutional investors.

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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