Navitas Semiconductor (NASDAQ:NVTS) Shares Down 2.5% - Here's Why

Key Points

• Navitas Semiconductor's shares fell by 2.5%, trading at approximately $5.59, with a significant drop in trading volume to around 2.7 million shares.
• Multiple analysts have recently adjusted their ratings, resulting in a **consensus rating of "Hold"** and an average price target of $5.65, reflecting a mix of buy, hold, and sell ratings.
• In the past 90 days, insiders sold over 6 million shares of the company, indicating a possible lack of confidence or strategic reallocation among management.

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) shares dropped 2.5% on Thursday . The company traded as low as $5.56 and last traded at $5.59. Approximately 2,710,748 shares changed hands during trading, a decline of 87% from the average daily volume of 21,265,781 shares. The stock had previously closed at $5.73.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NVTS shares. CJS Securities cut shares of Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Rosenblatt Securities restated a "buy" rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Needham & Company LLC restated a "buy" rating and issued a $8.00 price objective on shares of Navitas Semiconductor in a report on Tuesday, August 26th. Craig Hallum downgraded shares of Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $6.00 price objective for the company. in a research report on Tuesday, August 5th. Finally, 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. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $5.65.

Navitas Semiconductor Trading Down 3.3%

The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -8.52 and a beta of 3.00. The stock's 50 day moving average price is $6.77 and its two-hundred day moving average price is $4.53.

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

Insider Buying and Selling

In related news, CFO Todd Glickman sold 100,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $8.00, for a total transaction of $800,000.00. Following the completion of the sale, the chief financial officer owned 134,501 shares of the company's stock, valued at approximately $1,076,008. This represents a 42.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Long sold 1,026,227 shares of the firm's stock in a transaction that occurred 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 owned 4,420,991 shares in the company, valued at $35,058,458.63. The trade was a 18.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,079,256 shares of company stock worth $46,608,723 in the last 90 days. 29.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Navitas Semiconductor

Hedge funds have recently made changes to their positions in the stock. Northern Trust Corp boosted its holdings in Navitas Semiconductor by 9.5% in the fourth quarter. Northern Trust Corp now owns 1,209,761 shares of the company's stock worth $4,319,000 after purchasing an additional 104,906 shares during the period. Millennium Management LLC acquired a new stake in Navitas Semiconductor during the 4th quarter worth about $52,000. Hsbc Holdings PLC raised its holdings in Navitas Semiconductor by 980.4% during the 1st quarter. Hsbc Holdings PLC now owns 158,566 shares of the company's stock worth $323,000 after buying an additional 143,890 shares during the period. Merit Financial Group LLC purchased a new position in Navitas Semiconductor during the 1st quarter valued at about $48,000. Finally, Bank of America Corp DE grew its stake in shares of Navitas Semiconductor by 180.5% in the 4th quarter. Bank of America Corp DE now owns 1,234,375 shares of the company's stock valued at $4,407,000 after buying an additional 794,371 shares in the last quarter. Institutional investors and hedge funds 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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