Navitas Semiconductor (NASDAQ:NVTS) Sees Strong Trading Volume - Should You Buy?

Key Points

• Navitas Semiconductor experienced a surge in trading volume, with approximately 26.8 million shares traded, a 10% increase from the previous session.
• Wall Street analysts have mixed views on NVTS, with price targets ranging from $3.50 to $8.00 and a consensus rating of "Hold".
• The company reported quarterly revenue of $14.49 million, with earnings per share (EPS) of ($0.05), matching analysts' estimates but reflecting a 29.2% decline compared to the previous year.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 26,775,355 shares were traded during mid-day trading, an increase of 10% from the previous session's volume of 24,349,176 shares.The stock last traded at $14.87 and had previously closed at $12.57.

Wall Street Analysts Forecast Growth

NVTS has been the subject of several recent analyst reports. Morgan Stanley set a $4.40 price target on Navitas Semiconductor in a research note on Tuesday, August 5th. Needham & Company LLC reissued a "buy" rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research report on Tuesday, June 17th. Craig Hallum cut Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 target price on the stock. in a report on Tuesday, August 5th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $5.65.

Navitas Semiconductor Price Performance

The business has a 50-day moving average of $6.82 and a 200 day moving average of $5.44. The company has a market capitalization of $2.90 billion, a PE ratio of -21.06 and a beta of 3.03.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting 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 business had revenue of $14.49 million for the quarter, compared to the consensus estimate of $14.43 million. During the same period in the prior year, the business posted ($0.07) earnings per share. The company's quarterly revenue 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 anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Insider Activity at Navitas Semiconductor

In other news, Director Brian Long sold 750,000 shares of the firm's stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ranbir Singh acquired 18,645,603 shares of the stock in a transaction dated Monday, July 28th. The stock was acquired at an average cost of $8.79 per share, with a total value of $163,894,850.37. Following the transaction, the director directly owned 18,645,603 shares in the company, valued at approximately $163,894,850.37. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 2,705,596 shares of company stock worth $16,096,333. 29.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Navitas Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVTS. Cranbrook Wealth Management LLC purchased a new position in Navitas Semiconductor in the 2nd quarter worth $25,000. Larson Financial Group LLC purchased a new position in shares of Navitas Semiconductor during the 1st quarter valued at about $28,000. NewEdge Advisors LLC raised its stake in shares of Navitas Semiconductor by 189.8% during the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company's stock valued at $29,000 after buying an additional 2,942 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Navitas Semiconductor during the 1st quarter valued at about $31,000. Finally, ST Germain D J Co. Inc. purchased a new position in shares of Navitas Semiconductor during the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors 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.

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