Navitas Semiconductor (NASDAQ:NVTS) Issues Earnings Results, Meets Expectations

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) announced its earnings results on Monday. The company reported ($0.06) EPS for the quarter, hitting analysts' consensus estimates of ($0.06), Briefing.com reports. Navitas Semiconductor had a negative return on equity of 23.64% and a negative net margin of 84.61%. The firm had revenue of $14.02 million during the quarter, compared to analysts' expectations of $14.01 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The company's quarterly revenue was down 39.7% on a year-over-year basis. Navitas Semiconductor updated its Q2 2025 guidance to EPS.

Navitas Semiconductor Price Performance

Shares of NASDAQ:NVTS traded down $0.02 during trading on Friday, reaching $1.88. 2,939,237 shares of the company were exchanged, compared to its average volume of 3,782,271. The business's fifty day simple moving average is $2.04 and its 200-day simple moving average is $2.67. Navitas Semiconductor has a 12-month low of $1.52 and a 12-month high of $5.14. The firm has a market capitalization of $358.20 million, a PE ratio of -4.48 and a beta of 2.24.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley cut shares of Navitas Semiconductor from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $2.10 to $1.50 in a research report on Monday, April 7th. Needham & Company LLC cut their price target on shares of Navitas Semiconductor from $4.00 to $3.00 and set a "buy" rating on the stock in a report on Tuesday. Rosenblatt Securities reissued a "buy" rating and issued a $4.00 price objective on shares of Navitas Semiconductor in a research note on Tuesday. Finally, Robert W. Baird cut their target price on Navitas Semiconductor from $5.00 to $4.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $3.54.

Insider Buying and Selling

In other Navitas Semiconductor news, CFO Todd Glickman sold 13,644 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $2.59, for a total value of $35,337.96. Following the completion of the sale, the chief financial officer now directly owns 684,497 shares in the company, valued at approximately $1,772,847.23. This represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Long sold 47,189 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $2.36, for a total value of $111,366.04. Following the transaction, the director now owns 31,460 shares in the company, valued at approximately $74,245.60. This represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,877 shares of company stock valued at $193,262 over the last quarter. 31.80% of the stock is owned by corporate insiders.

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.