Navitas Semiconductor (NASDAQ:NVTS) Sets New 52-Week High - What's Next?

Key Points

• Navitas Semiconductor's share price reached a new 52-week high of $9.79, closing at $8.87, with a trading volume of over 46 million shares.
• Research firms have varied opinions on NVTS, with Craig Hallum and Deutsche Bank downgrading their ratings and establishing price targets as low as $3.50, while Rosenblatt Securities maintained a "buy" rating with an $8.00 target.
• The company reported a revenue of $14.49 million for the last quarter, which was a 29.2% decrease year-over-year, and has set expectations for ongoing challenges with an average earnings forecast of -0.51 EPS for the current fiscal year.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $9.79 and last traded at $8.87, with a volume of 46155259 shares. The stock had previously closed at $8.00.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NVTS. Craig Hallum lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective on the stock. in a research note on Tuesday, August 5th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Navitas Semiconductor in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price target on the stock. in a research note on Tuesday, June 17th. Rosenblatt Securities reaffirmed a "buy" rating and set a $8.00 price target on shares of Navitas Semiconductor in a research note on Tuesday, August 26th. Finally, Morgan Stanley set a $4.40 price target on Navitas Semiconductor in a research note on Tuesday, August 5th. Three 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. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $5.65.

Navitas Semiconductor Stock Up 12.6%

The business has a fifty day moving average of $6.66 and a 200 day moving average of $5.25. The firm has a market cap of $1.92 billion, a P/E ratio of -13.98 and a beta of 3.03.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.05) 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 during the quarter, compared to the consensus estimate of $14.43 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The firm's revenue was down 29.2% on a year-over-year basis. Navitas Semiconductor has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Navitas Semiconductor Corporation will post -0.51 EPS for the current fiscal year.

Insider Activity

In other Navitas Semiconductor news, Director Ranbir Singh purchased 18,645,603 shares of the stock in a transaction on Monday, July 28th. The stock was bought at an average cost of $8.79 per share, for a total transaction of $163,894,850.37. Following the completion of the acquisition, the director directly owned 18,645,603 shares of the company's stock, valued at $163,894,850.37. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Long sold 500,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $6.11, for a total value of $3,055,000.00. Following the completion of the sale, the director owned 1,715,395 shares of the company's stock, valued at $10,481,063.45. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,705,596 shares of company stock valued at $16,096,333 over the last 90 days. Corporate insiders own 29.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Navitas Semiconductor by 1.3% during the first quarter. Vanguard Group Inc. now owns 9,997,486 shares of the company's stock worth $20,495,000 after buying an additional 123,598 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Navitas Semiconductor by 3.9% during the second quarter. Geode Capital Management LLC now owns 3,340,193 shares of the company's stock worth $21,882,000 after buying an additional 124,594 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Navitas Semiconductor by 75.2% during the second quarter. Invesco Ltd. now owns 3,206,008 shares of the company's stock worth $20,999,000 after buying an additional 1,376,205 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Navitas Semiconductor by 1,332.3% during the second quarter. BNP Paribas Financial Markets now owns 1,604,538 shares of the company's stock worth $10,510,000 after buying an additional 1,492,512 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Navitas Semiconductor by 1,742.4% during the second quarter. JPMorgan Chase & Co. now owns 1,428,386 shares of the company's stock worth $9,356,000 after buying an additional 1,350,857 shares in the last quarter. 46.14% of the stock is currently owned by institutional investors.

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.

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