Navitas Semiconductor Co. (NASDAQ:NVTS - Get Free Report) saw an uptick in trading volume on Monday . 12,135,474 shares were traded during trading, an increase of 12% from the previous session's volume of 10,861,820 shares.The stock last traded at $7.78 and had previously closed at $7.32.
Analyst Ratings Changes
Several brokerages have recently issued reports on NVTS. Rosenblatt Securities raised their price objective on Navitas Semiconductor from $4.00 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Robert W. Baird reduced their price target on shares of Navitas Semiconductor from $5.00 to $4.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Needham & Company LLC decreased their price objective on shares of Navitas Semiconductor from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Morgan Stanley lowered shares of Navitas Semiconductor from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $2.10 to $1.50 in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $3.79.
Get Our Latest Stock Report on Navitas Semiconductor
Navitas Semiconductor Stock Down 1.8%
The company has a market capitalization of $1.38 billion, a PE ratio of -17.12 and a beta of 2.96. The firm has a 50-day moving average of $3.50 and a two-hundred day moving average of $3.16.
Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). Navitas Semiconductor had a negative net margin of 84.61% and a negative return on equity of 23.64%. The firm had revenue of $14.02 million during the quarter, compared to analyst estimates of $14.01 million. During the same period in the previous year, the firm earned ($0.06) EPS. The business's quarterly revenue was down 39.7% on a year-over-year basis. Equities analysts predict that Navitas Semiconductor Co. will post -0.51 EPS for the current fiscal year.
Insiders Place Their Bets
In other Navitas Semiconductor news, Director Brian Long sold 2,955,509 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $6.61, for a total value of $19,535,914.49. Following the sale, the director now directly owns 5,920,991 shares of the company's stock, valued at approximately $39,137,750.51. This trade represents a 33.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eugene Sheridan sold 2,155,783 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $4.49, for a total value of $9,679,465.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,136,189 shares of company stock worth $99,883,743. Company insiders own 29.90% of the company's stock.
Institutional Investors Weigh In On Navitas Semiconductor
Institutional investors have recently added to or reduced their stakes in the stock. Simplicity Wealth LLC acquired a new position in Navitas Semiconductor during the first quarter worth $26,000. Larson Financial Group LLC purchased a new stake in shares of Navitas Semiconductor during the first quarter worth about $28,000. Benjamin Edwards Inc. acquired a new position in shares of Navitas Semiconductor during the 1st quarter worth about $31,000. Goodman Financial Corp purchased a new position in Navitas Semiconductor in the 4th quarter valued at about $36,000. Finally, Caption Management LLC acquired a new stake in Navitas Semiconductor in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 46.14% of the company's stock.
Navitas Semiconductor Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Navitas Semiconductor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navitas Semiconductor wasn't on the list.
While Navitas Semiconductor currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
