Navitas Semiconductor (NASDAQ:NVTS) Sees Large Volume Increase - Still a Buy?

Key Points

• Navitas Semiconductor experienced a significant trading volume increase, with approximately 77.8 million shares traded—247% higher than the previous session.
• Recent analyst reports show a mix of ratings; Craig Hallum downgraded the stock to a "hold" with a $6 target, while Rosenblatt Securities maintained a "buy" with an $8 target.
• The company reported a revenue decline of 29.2% year-over-year and is projected to have a consensus EPS of -0.51 for the current fiscal year.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 77,783,950 shares traded hands during trading, an increase of 247% from the previous session's volume of 22,430,363 shares.The stock last traded at $7.75 and had previously closed at $7.74.

Analysts Set New Price Targets

NVTS has been the topic of a number of research analyst reports. Craig Hallum downgraded Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price target on the stock. in a report on Tuesday, August 5th. Morgan Stanley set a $4.40 target price on Navitas Semiconductor in a report on Tuesday, August 5th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Navitas Semiconductor in a report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 target price on the stock. in a report on Tuesday, June 17th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Navitas Semiconductor has an average rating of "Hold" and a consensus price target of $5.65.

Navitas Semiconductor Stock Performance

The business has a 50-day moving average price of $6.66 and a 200 day moving average price of $5.25. The stock has a market capitalization of $1.70 billion, a P/E ratio of -12.31 and a beta of 3.03.

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

Insider Activity at Navitas Semiconductor

In related news, 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 transaction, the director directly owned 2,670,991 shares of the company's stock, valued at approximately $15,598,587.44. This represents a 21.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ranbir Singh acquired 18,645,603 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average cost of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the transaction, the director directly owned 18,645,603 shares in the company, valued at $163,894,850.37. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 2,705,596 shares of company stock worth $16,096,333 over the last ninety days. 29.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Navitas Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Navitas Semiconductor by 1.3% in 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 in the last quarter. Geode Capital Management LLC raised its stake 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 buying an additional 124,594 shares during the last quarter. Invesco Ltd. raised its stake 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 buying an additional 1,376,205 shares during the last quarter. BNP Paribas Financial Markets raised its stake 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 buying an additional 1,492,512 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 buying an additional 1,350,857 shares during the last quarter. 46.14% of the stock is 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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