Navitas Semiconductor (NASDAQ:NVTS) Shares Down 3.9% - Here's What Happened

Key Points

• Navitas Semiconductor's shares fell by 3.9% to close at $6.88 amidst mid-day trading on Tuesday.
• Analyst ratings show a consensus of "Hold" for the stock, with target prices ranging from $3.50 to $8.00.
• The company reported revenues of $14.49 million for the quarter, with a year-over-year decline of 29.2%, and an earnings per share of ($0.05).

Navitas Semiconductor Corporation (NASDAQ:NVTS - Get Free Report) shares fell 3.9% during mid-day trading on Tuesday . The company traded as low as $6.72 and last traded at $6.88. 21,504,162 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 21,304,707 shares. The stock had previously closed at $7.16.

Analyst Ratings Changes

A number of research firms have issued reports on NVTS. Needham & Company LLC reaffirmed a "buy" rating and issued a $8.00 target price on shares of Navitas Semiconductor in a report on Tuesday, August 26th. 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 report on Tuesday, August 5th. CJS Securities lowered Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Deutsche Bank Aktiengesellschaft lowered Navitas Semiconductor from a "buy" rating to a "hold" rating and set a $3.50 price objective on the stock. in a report on Tuesday, June 17th. Finally, Rosenblatt Securities restated a "buy" rating and set a $8.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Navitas Semiconductor has a consensus rating of "Hold" and a consensus target price of $5.65.

Navitas Semiconductor Stock Down 3.9%

The business has a fifty day moving average of $6.74 and a 200 day moving average of $4.84. The firm has a market cap of $1.47 billion, a P/E ratio of -10.58 and a beta of 3.00.

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). The business had revenue of $14.49 million during the quarter, compared to the consensus estimate of $14.43 million. Navitas Semiconductor had a negative return on equity of 18.16% and a negative net margin of 182.63%.The firm's revenue was down 29.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) earnings per share. 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 news, Director Brian Long sold 750,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $5.84, for a total transaction of $4,380,000.00. Following the completion of the transaction, the director directly owned 2,670,991 shares of the company's stock, valued at $15,598,587.44. This represents a 21.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ranbir Singh bought 18,645,603 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average price of $8.79 per share, for a total transaction of $163,894,850.37. Following the acquisition, the director directly owned 18,645,603 shares of the company's stock, valued at $163,894,850.37. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 2,705,596 shares of company stock valued at $16,096,333 over the last ninety days. 29.90% of the stock is owned by insiders.

Institutional Trading of Navitas Semiconductor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its stake in Navitas Semiconductor by 980.4% in the first quarter. Hsbc Holdings PLC now owns 158,566 shares of the company's stock valued at $323,000 after buying an additional 143,890 shares during the period. Millennium Management LLC bought a new stake in Navitas Semiconductor in the fourth quarter valued at approximately $52,000. SCS Capital Management LLC bought a new stake in Navitas Semiconductor in the first quarter valued at approximately $567,000. Merit Financial Group LLC bought a new stake in Navitas Semiconductor in the first quarter valued at approximately $48,000. Finally, Bank of America Corp DE raised its stake in Navitas Semiconductor by 180.5% in the fourth 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 during the period. Institutional investors own 46.14% of the company's stock.

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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