Navitas Semiconductor (NASDAQ:NVTS) Shares Down 1.2% - What's Next?

Key Points

• Navitas Semiconductor's shares declined by 1.2% to $6.36, with trading volume significantly down by 86% compared to the average.
• Equity analysts show mixed ratings on NVTS, with three maintaining a "Buy" rating while analysts' price targets vary from $3.50 to $8.00.
• The company reported a quarterly revenue of $14.49 million, yet faced a 29.2% decline compared to the same quarter last year.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report)'s stock price dropped 1.2% during trading on Monday . The company traded as low as $6.27 and last traded at $6.36. Approximately 2,957,386 shares traded hands during trading, a decline of 86% from the average daily volume of 21,672,035 shares. The stock had previously closed at $6.43.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NVTS shares. Rosenblatt Securities cut their price objective on shares of Navitas Semiconductor from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 target price for the company. in a research report on Tuesday, June 17th. Morgan Stanley set a $4.40 price objective on shares of Navitas Semiconductor in a research note on Tuesday, August 5th. CJS Securities downgraded shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a research note on Monday, August 18th. Finally, Craig Hallum lowered shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price target for the company. in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $5.65.

Navitas Semiconductor Stock Down 1.3%

The stock's fifty day moving average price is $6.96 and its 200-day moving average price is $4.36. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -9.78 and a beta of 3.02.

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, meeting the consensus estimate of ($0.05). The firm had revenue of $14.49 million during the quarter, compared to analysts' expectations of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The business's quarterly revenue was down 29.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. Navitas Semiconductor has set its Q3 2025 guidance at EPS. Analysts anticipate that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Insider Transactions at Navitas Semiconductor

In other Navitas Semiconductor news, Director Brian Long sold 1,026,227 shares of Navitas Semiconductor stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $7.93, for a total transaction of $8,137,980.11. Following the completion of the transaction, the director directly owned 4,420,991 shares of the company's stock, valued at $35,058,458.63. The trade was a 18.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eugene Sheridan sold 238,668 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $7.50, for a total transaction of $1,790,010.00. Following the completion of the transaction, the chief executive officer directly owned 461,332 shares in the company, valued at approximately $3,459,990. This represents a 34.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,054,434 shares of company stock valued at $86,329,923. Company insiders own 29.90% of the company's stock.

Hedge Funds Weigh In On Navitas Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FORA Capital LLC bought a new position in shares of Navitas Semiconductor in the second quarter worth $3,309,000. Tower Research Capital LLC TRC raised its position in shares of Navitas Semiconductor by 143.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,008 shares of the company's stock valued at $105,000 after buying an additional 9,428 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Navitas Semiconductor by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 45,758 shares of the company's stock worth $300,000 after acquiring an additional 1,667 shares during the period. Tidal Investments LLC lifted its holdings in shares of Navitas Semiconductor by 93.8% during the 2nd quarter. Tidal Investments LLC now owns 59,530 shares of the company's stock worth $390,000 after acquiring an additional 28,807 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in shares of Navitas Semiconductor during the 2nd quarter worth approximately $75,000. 46.14% of the stock is owned by institutional investors and hedge funds.

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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